We adhere to a consistent, low-risk strategy for strengthening our gold mining business and creating per share value.

Produce more gold | Grow gold reserves in mining-friendly regions |
Acquire small, think big | Be a low-cost leader | Maintain a solid financial position

Produce more gold

Our goal is to increase annual gold production to between 1.0 million and 1.1 million ounces in 2010 by building and exploring our own mines. Five internal expansions are expected to contribute to continued growth post-2010.

Adding some new demo content 

Grow gold reserves in mining-friendly regions

We aim to grow gold mineral reserves to between 20 million and 21 million ounces by year-end 2010 through aggressive exploration on our 100%-owned properties in Canada (Ontario, Quebec, the Yukon and Nunavut), the United States (Nevada), Finland and Mexico (Chihuahua).

Acquire small, think big

We continuously look to add quality projects and assets to our portfolio. Agnico-Eagle is positioned to act if an opportunity is well-matched to our technical skills and abilities, and can significantly strengthen the business. Our focus is on smaller companies or projects, which can typically be acquired at favourable prices and be easily assimilated.

Be a low-cost leader

We consider low-cost production to be a competitive advantage that helps position Agnico-Eagle to deliver value, even in lower gold price environments.

Maintain a solid financial position

Agnico-Eagle’s production growth profile puts us in a strong position to generate significant operating cash flow in 2010 and beyond. Our healthy balance sheet also gives us the financial resources to fund growth while our policy of never selling forward our production ensures we maintain full exposure to gold’s price upside.