Jamie Sokalsky - Agnico Eagle Independent Director

AEM Stock  CAD 117.92  1.16  0.99%   

Director

Mr. Jamie C. Sokalsky, CPA, CA, is Independent Director of the Company. Mr. Sokalsky, now retired, served as the Chief Executive Officer and President of Barrick Gold Corporation from June 2012 to September 2014. He served as the Chief Financial Officer of Barrick Gold from 1999 to June 2012, and as its Executive VicePresident from April 2004 to June 2012. He has over 20 years of experience as a senior executive in the mining industry, including in finance, corporate strategy, project development and mergers, acquisitions and divestitures. He also served in various financial management capacities for ten years at George Weston Limited and he began his professional career at Ernst Whinney Chartered Accountants, a predecessor of KPMG. Mr. Sokalsky received his CA designation in 1982 and his B. Comm. is from Lakehead University. since 2015.
Age 61
Tenure 9 years
Address 145 King Street East, Toronto, ON, Canada, M5C 2Y7
Phone416 947 1212
Webhttps://www.agnicoeagle.com

Agnico Eagle Management Efficiency

The company has return on total asset (ROA) of 0.0501 % which means that it generated a profit of $0.0501 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.0501 %, meaning that it generated $0.0501 on every $100 dollars invested by stockholders. Agnico Eagle's management efficiency ratios could be used to measure how well Agnico Eagle manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Agnico Eagle's Return On Tangible Assets are very stable compared to the past year. As of the 22nd of November 2024, Return On Assets is likely to grow to 0.07, while Return On Capital Employed is likely to drop 0.1. At this time, Agnico Eagle's Return On Tangible Assets are very stable compared to the past year. As of the 22nd of November 2024, Intangibles To Total Assets is likely to grow to 0.15, while Other Current Assets are likely to drop about 34.1 M.
Agnico Eagle Mines has accumulated 2 B in total debt with debt to equity ratio (D/E) of 0.09, which may suggest the company is not taking enough advantage from borrowing. Agnico Eagle Mines has a current ratio of 2.13, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Agnico Eagle until it has trouble settling it off, either with new capital or with free cash flow. So, Agnico Eagle's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Agnico Eagle Mines sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Agnico to invest in growth at high rates of return. When we think about Agnico Eagle's use of debt, we should always consider it together with cash and equity.

Similar Executives

Showing other executives

DIRECTOR Age

David PetersonFranco Nevada
75
Christopher ColemanBarrick Gold Corp
50
Loreto SilvaBarrick Gold Corp
54
John BroughWheaton Precious Metals
72
Gustavo CisnerosBarrick Gold Corp
73
Derek EvansFranco Nevada
62
Catharine FarrowFranco Nevada
54
Chantal GosselinWheaton Precious Metals
49
George BrackWheaton Precious Metals
57
Elliott PewFranco Nevada
64
Brian GreenspunBarrick Gold Corp
73
Marilyn SchonbernerWheaton Precious Metals
59
Paul FitchettKinross Gold Corp
N/A
Louis GignacFranco Nevada
68
Eduardo LunaWheaton Precious Metals
73
Kerry DyteKinross Gold Corp
59
Ave LethbridgeKinross Gold Corp
57
Jennifer MakiFranco Nevada
49
Ian AtkinsonKinross Gold Corp
69
Thomas AlbaneseFranco Nevada
62
Andrew QuinnBarrick Gold Corp
65
Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. The company was incorporated in 1953 and is headquartered in Toronto, Canada. AGNICO EAGLE operates under Gold classification in Canada and is traded on Toronto Stock Exchange. It employs 6810 people. Agnico Eagle Mines (AEM) is traded on Toronto Exchange in Canada and employs 33 people. Agnico Eagle is listed under Metals & Mining category by Fama And French industry classification.

Management Performance

Agnico Eagle Mines Leadership Team

Elected by the shareholders, the Agnico Eagle's board of directors comprises two types of representatives: Agnico Eagle inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Agnico. The board's role is to monitor Agnico Eagle's management team and ensure that shareholders' interests are well served. Agnico Eagle's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Agnico Eagle's outside directors are responsible for providing unbiased perspectives on the board's policies.
CarolAnn PlummerTheriault, Vice President Sustainability
Leanne Baker, Independent Director
Sean Boyd, Chief Executive Officer, Vice Chairman of the Board
CA CFA, VP Devel
Mel Leiderman, Independent Director
Jean Robitaille, Senior Vice President - Business Strategy and Technical Services
James Nasso, Independent Chairman of the Board
P MBA, Australia Ontario
Mathew Cook, VP Controller
Deborah McCombe, Independent Director
Robert Gemmell, Independent Director
BSc ENG, Quebec Nunavut
BSc Eng, Executive Excellence
Ammar AlJoundi, President
Marc Legault, Senior Vice-President, Operations - USA and Latin America
Ammar MBA, President CEO
Guy Gosselin, Senior Vice President Exploration
Chris Vollmershausen, Vice President Legal and Corporate Secretary
Christopher LLB, General Legal
Eng Ing, Ex Exploration
David Smith, Chief Financial Officer, Senior Vice President - Finance
Martine Celej, Independent Director
BASc CPA, Executive Officer
Jason Allaire, Safety, Health
R Laing, Senior Vice President - Legal, General Counsel, Corporate Secretary
JeanMarie Clouet, Vice Relations
Louise Grondin, Senior Vice President - Environment and Sustainable Development and People
Mohammed Ali, Vice Affairs
Sean Riley, Independent Director
John Roberts, Independent Director
Jamie Sokalsky, Independent Director
CDir MSc, Exec CFO
Yvon Sylvestre, Senior Vice President, Operations – Canada & Europe

Agnico Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Agnico Eagle a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Agnico Eagle

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Agnico Eagle position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Agnico Eagle will appreciate offsetting losses from the drop in the long position's value.

Moving together with Agnico Stock

  0.85AG First Majestic SilverPairCorr
  0.67IE Ivanhoe EnergyPairCorr
The ability to find closely correlated positions to Agnico Eagle could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Agnico Eagle when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Agnico Eagle - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Agnico Eagle Mines to buy it.
The correlation of Agnico Eagle is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Agnico Eagle moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Agnico Eagle Mines moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Agnico Eagle can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Agnico Eagle Mines is a strong investment it is important to analyze Agnico Eagle's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Agnico Eagle's future performance. For an informed investment choice regarding Agnico Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Agnico Eagle Mines. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Please note, there is a significant difference between Agnico Eagle's value and its price as these two are different measures arrived at by different means. Investors typically determine if Agnico Eagle is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Agnico Eagle's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.