Lunch - Sept. 20, 2007
Location: The National Club is at 303 Bay Street, on the east side of the street, between King and Adelaide.Date: September 20, 2007
Sean Boyd - Vice Chairman and CEO - Agnico-Eagle Mines Limited
Mr. Boyd, a Chartered Accountant, has been with the company since 1985 and was appointed to his current position in 2005. Prior to becoming Vice Chairman and CEO of Agnico-Eagle Mines Limited, Mr. Boyd held various senior management positions including President, Vice President and Chief Financial Officer. Mr. Boyd is a graduate of the University of Toronto with a Bachelor of Commerce, 1981.
Agnico-Eagle is an international growth company focused on gold, with operations in Canada and mines under construction in Canada, Mexico and Finland.
Agnico-Eagle’s LaRonde mine in Quebec is Canada's largest gold deposit in terms of reserves. The mine generates strong earnings and cash flows, and is an excellent foundation for Agnico-Eagle's international expansion. The company's operating history includes more than 30 years of continuous gold production primarily from underground operations.
Since its amalgamation in 1972, Agnico-Eagle has produced over 4.0 million ounces of gold and is one of the lowest total cash cost producers in the gold mining industry. Agnico-Eagle has traditionally sold all of its production at the spot price of gold, in keeping with a policy of not selling forward future gold production. This policy enables shareholders to participate fully in rising precious metal prices.
Agnico-Eagle is proud to have paid a cash dividend to its shareholders for 25 consecutive years. With its industry leading production growth, large and expanding reserve base, strong cash flows and record cash position, Agnico-Eagle is in an ideal position to continue to steadily build value for its shareholders.
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