Apr 11, 2023 / 08:30AM GMT
Ammar Al-Joundi - Agnico Eagle Mines Limited - President & CEO
(audio in progress) gold price. I don't know where the gold price is going to be tomorrow or next week or next month. But over the next year, I think all of the stars are aligned politically, monetarily, and fiscally, it all makes sense.
The question then is if you're going to be investing in gold, why would you invest in a gold equity? And you can invest in gold pretty efficiently. And by definition, if you're investing in a gold equity, you're taking additional risk.
And I would argue, and I think Agnico has always been of the view that the only reason you would invest in a gold equity versus a gold bar is if the gold equity gets you something, the gold bar doesn't. And in our case, it does, and it has, and we'll go through that. And what I mean by that is we generate more gold per year per share than a gold bar would, and we've been doing that consistently for over 65 years.
Just to put things into perspective. Over the last 20 years, Agnico Eagle has grown gold production per share by about
Agnico Eagle Mines Ltd at Denver Gold Forum Europe Transcript
Apr 11, 2023
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