Articles Tagged "NYSE:AEM"

Kinross Takes $3-billion Punch on Tasiast Writedown

Gold – Kinross and Barrick both announced multi-billion-dollar writedowns in the fourth quarter. Investors, however, see a silver lining in the bad news.

Agnico-Eagle Moves Forward with La India Mine Development, Expects Commercial Production by 2014

Gold – Agnico-Eagle Mines Ltd. (NYSE:AEM,TSX:AEM) announced that the development and construction of its Mexico-based La India mine have been approved by its board of directors and commented that the mine will be an open-pit, heap leach operation. Commercial production is expected in the second half of 2014.

Strong Gold Prices Reflect India and Chinese Demand

Gold – As an asset class, gold outperformed compared with the broader commodity complex and international equities on a risk-adjusted basis, also demonstrating limited volatility relative to other commodities, with annualized average volatility falling to 17.6 percent from 20 percent in the previous quarter.