10:33 AM EDT, 09/27/2017 (MT Newswires) -- Sean Boyd, CEO of Agnico Eagle Mines, presented at the Denver Gold Forum in a fireside chat format.

Credit Suisse reports that AEM reiterated its attractive strategy of focusing on per share returns, knowing and sticking to its strengths, and mitigating risk.

AEM highlighted that its competitive position remains consistent, and will continue to develop existing pipeline of opportunities and remain disciplined in capital allocation. The company reported that as LaRonde continues at depth as it has now instituted remote mining, while Goldex is using the rail-veyor system for the Deep 1 zone.

2018-2019 Outlook -- AEM will provide an update on timeline and outlook in February but it expects that 2018 (as pre-guided) will be its highest capital spend. Additionally, as the Nunavut platform ramps to full production in 2020, CFO will increase to $400 million per quarter while capex tails off. At that stage AEM expects to assess disbursement of any excess cash and flagged that it has paid a dividend for nearly 40 years, and exploration has always been a key area of focus for that.

Growth highlights: Meliadine is ahead of schedule on underground development (which is an area where new underground mines usually fail in ramp up). AEM also noted that LaRonde is moving from 300kozs to 400kozs, and Kittila study is underway evaluating ramp from 200kozs from 275kozs.

Maintain Outperform, US$59 TP.

Price: 56.35, Change: -0.43, Percent Change: -0.76