Is Agnico Eagle Mines Limited (AEM) One of the Best Gold Mining Companies to Buy With High Upside Potential?

Agnico Eagle Mines Limited (NYSE:AEM) is one of the champion golden mining companies to bargain with precocious upside potential. On March 30, Agnico Eagle Mines Limited (NYSE:AEM) reiterated its committedness to acquiring positions successful highly prospective geological properties. The institution announced that it is successful the process of acquiring C$7.6 cardinal successful securities of Cascadia Minerals Ltd.

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Under the presumption of the agreement, the institution is to get 19.32 cardinal units astatine C$0.26 per portion for C$5.02 cardinal and an further 10 cardinal units for C$2.6 million. Following the acquisition, the institution volition ain 14.21% of Cascadia’s outstanding shares connected a non-diluted ground and 19.90% connected a partially diluted basis.

In addition, the companies entered into an earn-in statement for the Catch spot successful Yukon. Consequently, Agnico Eagle Mines tin gain up to an 80% involvement successful the property, up from an archetypal 51%. There is besides a strategical confederation statement that establishes a 3-year concern for exploration enactment successful Yukon’s Stikine Terrane.

Agnico Eagle Mines Limited (NYSE:AEM) is simply a elder Canadian golden mining institution and the world’s second-largest golden producer, focused connected exploring, developing, and operating mines. Founded successful 1957, it operates high-quality, low-risk assets chiefly successful Canada, Australia, Finland, and Mexico, with astir 85% of its accumulation coming from Canada.

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