Biography from Agnico-Eagle: 10/09/09
Sean Boyd (Vice-Chairman and Chief Executive Officer)
Mr. Boyd, a Chartered Accountant, has been with the company since 1985 and was appointed to his current position in 2005. Prior to this Mr. Boyd was President and CEO of Agnico-Eagle. Mr. Boyd has held various senior management positions at Agnico-Eagle including Vice President and Chief Financial Officer. Mr. Boyd is a graduate of the University of Toronto with a Bachelor of Commerce, 1981. He is on the Board of Governors of St. Francis Xavier University and is a director of the World Gold Council.
Agnico-Eagle Mines Limited
Agnico-Eagle Mines Limited is an international growth company focused on gold, with operations located in Quebec and Finland, and exploration and development activities in Canada, Finland, Mexico and the USA. Agnico-Eagle's LaRonde Mine in Quebec is Canada's largest operating gold mine in terms of reserves and is a strong foundation for international expansion. The Company has full exposure to higher gold prices consistent with its policy of no forward gold sales.
Profile
Agnico-Eagle is an international growth company focused on gold, with operations in Canada and Finland and advanced-stage projects and opportunities in Canada, Mexico and the U.S.A. Our 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.
Production
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. We are one of the lowest total cash cost producers in the North American 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.
Strategy
Our strategy is to build a multi-mine platform based upon our strong foundation in the Abitibi region of Quebec. We have created a dominant land position around the LaRonde mine, with numerous properties at different stages of development, running along Quebec's gold-rich Cadillac-Bousquet belt. This foundation has long life gold reserves and generates good earnings and cash flows, enabling Agnico-Eagle to broaden its base within Canada and internationally.
Gold production began in April 2008 at our Goldex mine near LaRonde. In Finland, our Kittila mine poured its first gold on January 14, 2009. In addition, shaft sinking is complete and level development underway at the nearby Lapa deposit with gold production expected in mid-year 2009. Initial gold and silver production at our Pinos Altos project in Mexico is expected in the third quarter 2009. The Meadowbank project in the Nunavut Territory in northern Canada is advancing towards initial gold production in 2010.
Agnico-Eagle is proud to have paid a cash dividend to its shareholders for 27 consecutive years.
Stock Info
Agnico-Eagle's shares are listed on The New York Stock Exchange and Toronto Stock Exchange under the ticker symbol AEM. The shares also trade on the Frankfurt Stock Exchange's Entry Standard under the symbol AE9 (WKN: 860325). The shares trade actively, with total daily volume frequently over 4 million shares. Company shares are held approximately 15% by individuals and 85% by institutions, primarily in North America. The ISIN number is CA0084741085
Sean Boyd: President, Chief Executive Officer and a director of Agnico-Eagle - Mr. Boyd has been with the 8 billion Agnico-Eagle since 1985. Prior to his appointment as Chief Executive Officer in 1998, Mr. Boyd served as Vice-President and Chief Financial Officer from 1996 to 1998, Treasurer and Chief Financial Officer from 1990 to 1996 and Comptroller from 1985 to 1990. Prior to joining Agnico-Eagle in 1985, he was a staff accountant with Clarkson Gordon (Ernst & Young). Mr. Boyd is a graduate of the University of Toronto (B.Comm.).
Thursday, August 30, 2012
Sean Boyd
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