Agnico Eagle’s margins expand faster than gold price
Agnico Eagle’s first-quarter results showed the company’s margins expanding faster than the gold price.
The company’s ability to control costs has been key to its success.
In a gold boom, companies that can hold down costs while the metal price climbs are the ones that see their margins expand, and Agnico has become one of the best-performing senior gold names by focusing on cost control.
The company’s chief executive made a quiet promise about the rest of the year, suggesting the busier half is still ahead, with the entire mining sector posting strong numbers due to gold trading near record highs around 4,500 dollars an ounce.