Agnico Eagle is a senior Canadian gold mining company that operates eleven mines located in mining friendly jurisdictions in developed countries. Eight are in Canada, including the country’s largest (Malartic) and second largest (Detour Lake) and both are amongst the ten largest gold mines in the world.
Wealth Builder
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Income Investor
Close out the short call option. Then, either sell the shares or roll the covered call to a lower strike price. If you retain the shares, sell the December 48 calls at $2.50. The last day of trading for them is Dec. 21. By selling the December options, you reduce the cost of your shares to $49.50. But if the shares should rally, they will be called away at $48 per share, which would mean a loss of $1.50 per share on the overall position.- Richard Croft
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AEM was first recommended here on December 3, 2012