DBRS confirms Agnico Eagle

DBRS said it confirmed the issuer rating of Agnico Eagle Mines Ltd. at BBB (low) with a stable trend.

Agnico remains a cost-competitive gold producer operating in low-risk political jurisdictions, the agency said. The company has expanded its mines from six in 2010 to nine currently, but several mines have short mine lives based on current reserve and production rates, including its largest producer, the Meadowbank mine.

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