Agnico-Eagle Mines (AEM-T)

Big run is well deserved. Margins have really increased with the price of gold. Fantastic development pipeline. Very well run.

The new top senior. Great acquisition, cashflow is growing, more reasonable valuation than in past. He's been lightening up on gold. With a strong USD, and interest rates possibly being higher, gold may take a few steps back. So he's waiting to see how things shake out.

He doesn't own any gold stocks. If you want to enter, focus on large-cap, senior gold stocks. They offer more conservative growth, there's a lot behind them (more than just 1 mine or project), and they're in friendlier jurisdictions. AEM is a great producer with lower costs, this would be his #1 choice.

They pay a good dividend and have a good growth portfolio and capital allocation, better than, say, Barrick.

Best miner in the bunch. Will generate a lot of cash. Middle-tier companies are in the sweet spot.

99% of revenues come from gold. Credible management, hits targets. Beat street forecasts in last 18 of 20 quarters. Good dividend growth history; paying one for last 40 years, 17% compound growth rate over last decade. Likes gold. Mines are located where there's little political risk. Yield is 2%.

One of those equities that's finally starting to come alive. Strong quarter, beat. Higher production, costs more contained. Very strong operational performance. Still not fully appreciated, so you can buy this one.

The only gold stock he has in the portfolio. Safe jurisdiction, safe netbacks, committed to returning capital. All that's hard to find in commodity land, where animal spirits seem to run high.

Production grower. Multi-asset gold miner. We're in the very early stages of a bull market for the price of gold. The companies that can execute and produce efficiently should be able to pay investors well. Yield is 2+%.

Would recommend buying. Very high quality company with strong management team and assets. 

Good option for bullish gold investors. Quality assets and managemnet.