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With its emphasis on building value by adding quality gold ounces through exploration, by achieving production growth and cost targets, and by maintaining a low number of shares outstanding, Agnico-Eagle is setting a new standard for gold companies.
While many gold companies are currently benefiting from soaring gold prices, we take a balanced, disciplined approach that offers significant leverage to rising prices, but can also generate superior returns for our shareholders in a lower gold price environment. |
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| HIGHLIGHTS |
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All dollar amounts are in US$
unless otherwise indicated |
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2007 |
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2006 |
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2005 |
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| Operating |
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| Ore milled (millions of tonnes) |
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2.7 |
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2.7 |
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2.7 |
| Gold production (ounces) |
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230,992 |
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245,826 |
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241,807 |
| Total cash cost per ounce |
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$ |
(365) |
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$ |
(690) |
$ |
43 |
| Average realized gold price |
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$ |
748 |
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$ |
622 |
$ |
449 |
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Financial (millions except
per share amounts) |
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| Revenue |
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$ |
432.2 |
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$ |
464.6 |
$ |
241.3 |
| Net income |
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139.3 |
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161.3 |
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37.0 |
| Net income per share |
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1.05 |
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1.40 |
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0.42 |
| Dividends per share |
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$ |
0.18 |
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$ |
0.12 |
$ |
0.03 |
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Total cash cost per ounce is a non-GAAP measure. A reconciliation is included in the
attached Form 20-F.
This document may use the terms “measured resources,” “indicated resources,” and “inferred resources.” The U.S. Securities and Exchange Commission does not recognize them. A more detailed discussion is included in the attached Form 20-F.
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“The most important thing about money is to maintain its stability, so that
a dollar
will
buy as much a year hence, or ten years hence, or fifty years
hence as today,
and no less.
With paper money, this stability has to be
maintained by the government.
With a gold
currency, it tends to maintain
itself even when the natural supply of gold
is increased
by the discovery of
new deposits, because of the curious fact that
the demand
for gold in
the world is practically infinite.
You have to choose (as a voter) between trusting the natural stability of gold,
and the natural stability, and honesty, and intelligence of the members of
the government. And, with due respect to those gentlemen, I advise you,
as long as
the capitalist system lasts, to vote for gold.”
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George Bernard Shaw, dramatist, critic and essayist, 1928 |
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