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Stock impact report

Why the Canadian Mining Sector Is Still Going Like Gangbusters [Yahoo! Finance Canada]

Agnico Eagle Mines Limited (AEM) 
Last agnico eagle mines limited earnings: 4/30 05:07 pm Check Earnings Report
Canada is blessed with an abundance of resources that have been the backbone of the economy. This year, the Canadian mining sector is an area that is on fire. That provides plenty of options for long-term growth and income opportunities. A key component of that growth comes from the Canadian mining sector. In fact, the Canadian mining sector has been outperforming the market this year, and for good reason, too. What's driving that growth? One of the primary drivers behind the surge in the Canadian mining sector is the rise in precious metals, which have experienced significant growth this year. As of the time of writing, gold trades at just over US$4,060 per ounce, up over 50% year to date. When gold prices increase, it directly benefits gold miners , who generally have fixed production costs. That rise is attributed to a few key factors. Inflation and the growing risk of an economic pullback push investors away from volatile investments into the perceived safety of pre Show less Read more
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