Clavis

Agnico Eagle: The Focus Is on Per Share Value Creation for Shareholders

A company that really cares about it's shareholders?

AEM has been careful not to dilute its shares even at the same time that it has made several strategic acquisitions. From 1998 to today, the number of shares outstanding has been up by 2.6 times, but its gold reserves have been growing 12.8 times, preserving and increasing shareholder value substantially.

Time for Gold Miners To Consolidate?

Pity the poor share retailers at Aurelian Resources Ltd who thought that they had it in the ground but in this case the lemming management; though sitting on the biggest gold find in the last twenty years; sold out at a price which left the retailers in the lurch with negligible returns on their investments, a high share dilution to suite Kinross and to add insult to injury, warrants cashable in five years which may or may not be in the money.