RJ Hamster
AN OXFORD CLUB PUBLICATION
Loyal reader since August 2025
SPONSORED
Why Did U.S. Banks Quietly Move
2,000 Tons of Gold Back to America?
Last March, U.S. banks repatriated nearly 2,000 tons of gold – what one bullion CEO called “the largest movement of gold into the U.S. in history.”
Banks don’t move that much gold unless the rules are about to change.
Join us for a free live briefing to see what this move could mean for gold – and which gold stocks could matter most next
Register free for the 20x Gold Windowevent
March 4 | 1 p.m. ET
Editor’s Note: When we saw a certain gold expert’s audited track record – his approach could’ve generated 252X returns in metals since 2007 – we knew it wasn’t something we could ignore.
That’s why we moved quickly to partner with him and give our readers the opportunity to get access to his gold portfolio before the next phase of the gold cycle activates.
On Wednesday, March 4, at 1 p.m. ET, you’re invited to a free briefing where this expert will sit down with Chief Income Strategist Marc Lichtenfeld to explain the full strategy.
– James Ogletree, Senior Managing Editor
THE VALUE METER
Agnico Eagle Mines: The Market’s Premier Gold Play?
Anthony Summers, Director of Trading, The Oxford Club
Gold stocks are still on a tear, and Agnico Eagle Mines (NYSE: AEM) has been one of the biggest beneficiaries.
With gold prices hitting fresh highs and investors piling into producers with scale and stability, the company’s shares have climbed sharply over the past couple of years.View larger image
The question now isn’t whether the company is executing. It’s whether the stock price already reflects that success.
Agnico Eagle is one of the world’s largest gold miners, operating primarily in Canada, Australia, Finland, and Mexico. Its asset base includes the Detour Lake and Canadian Malartic mines (the two largest gold mines in Canada) and is supported by a deep pipeline of expansion projects.
The company’s most recent results were strong.
It produced 3.45 million ounces in 2025 and is targeting stable annual production between 3.3 million and 3.5 million ounces through 2028, with a longer-term path toward more than 4 million ounces annually in the early 2030s.
In the fourth quarter, the company produced 841,000 ounces at total cash costs of $1,089 per ounce and all-in sustaining costs, or AISC, of $1,517. For the full year, total cash costs were $979 per ounce and AISC was $1,339.
Adjusted earnings for the year reached $4.2 billion, and free cash flow came in at $4.4 billion. The balance sheet improved meaningfully, with roughly $950 million in debt repaid and cash rising to about $2.9 billion.
Management also increased the quarterly dividend by 12.5% to $0.45 (which comes out to a 0.73% annual yield) and expanded its buyback authorization.
That operational strength brings us to valuation.View larger image
Agnico Eagle trades at an EV/NAV of 4.96, versus a universe average of 3.98. This tells us investors are paying a premium for each dollar of net asset value compared with the company’s peers.
That premium suggests the market views Agnico Eagle’s asset base as higher-quality and lower-risk than the average miner’s.
The company looks stronger on a cash-efficiency basis as well. Its FCF/NAV is 2.54%, versus 1.11% for the broader universe. Agnico Eagle is converting its assets into free cash flow more than twice as efficiently as the average company.
That helps justify part of the valuation premium.
Growth adds another layer. Over the past 12 quarters, free cash flow has grown quarter over quarter 54.5% of the time, surpassing the broad average of 47.35%.
While not dramatically higher, that does show that Agnico Eagle is expanding its cash generation faster than the typical company in its group.
But does that translate to an attractive buy opportunity?Finish Reading Here
SPONSORED
“OpenAI founder admits GPT-5 is smarter than him”
Alex Green personally invested in Apple at $1… Netflix before it began streaming videos online… and Amazon before it dominated the market… Free briefing reveals how to get the details on his next big recommendation.Watch Before GPT-5 Launch
BUILD AND PROTECT YOUR WEALTH
Don’t Miss: Trader Reveals New Strategy That Targets BIG Potential Profits With 1 Ticker Every Week.
Is President Trump Channeling Ben Franklin’s Diplomatic Skills?
Marc Lichtenfeld Reveals Strange “23 Enigma”
Insiders Are Loading Up on These Stocks. History Says Follow Them.
MORE FROM WEALTHY RETIREMENT
Can CION Afford Its Monthly Dividend?
3 Investing Habits for Building Wealth
Trump’s Next Big Stock Buy?
The Overlooked Way to Pick the Best AI Stocks
FacebookLinkedInEmail SharePush Alert
SPONSORED
New AI Changes How To Profit From Earnings Season
A brand-new AI tool is now able to help detect a powerful market force that has been studied by Harvard, the FED and even the SEC.
See how everyday Americans can unlock a new way to profit from earning season…
AND even outperform the market by as much as 1,700%.See the details
You are receiving this email because you subscribed to Wealthy Retirement.
Wealthy Retirement is published by The Oxford Club.
Questions? Check out our FAQs. Trying to reach us? Contact us here.
Please do not reply to this email as it goes to an unmonitored inbox.
Privacy Policy | Whitelist Wealthy Retirement | Unsubscribe
© 2026 The Oxford Club, LLC All Rights Reserved
The Oxford Club | 105 West Monument Street | Baltimore, MD 21201
North America: 866.237.0436 | International: +1.443.353.4540
Oxfordclub.com
Nothing published by The Oxford Club should be considered personalized investment advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed personalized investment advice. We allow the editors of our publications to recommend securities that they own themselves. However, our policy prohibits editors from exiting a personal trade while the recommendation to subscribers is open. In no circumstance may an editor sell a security before subscribers have a fair opportunity to exit. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. All other employees and agents must wait 24 hours after publication before trading on a recommendation.
Any investments recommended by The Oxford Club should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company.
Protected by copyright laws of the United States and international treaties. The information found on this website may only be used pursuant to the membership or subscription agreement and any reproduction, copying or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of The Oxford Club, LLC, 105 West Monument Street, Baltimore, MD 21201.
REF: 000142349377
AN OXFORD CLUB PUBLICATION
Loyal reader since August 2025
SPONSORED
Why Did U.S. Banks Quietly Move
2,000 Tons of Gold Back to America?
Last March, U.S. banks repatriated nearly 2,000 tons of gold – what one bullion CEO called “the largest movement of gold into the U.S. in history.”
Banks don’t move that much gold unless the rules are about to change.
Join us for a free live briefing to see what this move could mean for gold – and which gold stocks could matter most next
Register free for the 20x Gold Windowevent
March 4 | 1 p.m. ET
Editor’s Note: When we saw a certain gold expert’s audited track record – his approach could’ve generated 252X returns in metals since 2007 – we knew it wasn’t something we could ignore.
That’s why we moved quickly to partner with him and give our readers the opportunity to get access to his gold portfolio before the next phase of the gold cycle activates.
On Wednesday, March 4, at 1 p.m. ET, you’re invited to a free briefing where this expert will sit down with Chief Income Strategist Marc Lichtenfeld to explain the full strategy.
– James Ogletree, Senior Managing Editor
THE VALUE METER
Agnico Eagle Mines: The Market’s Premier Gold Play?
Anthony Summers, Director of Trading, The Oxford Club
Gold stocks are still on a tear, and Agnico Eagle Mines (NYSE: AEM) has been one of the biggest beneficiaries.
With gold prices hitting fresh highs and investors piling into producers with scale and stability, the company’s shares have climbed sharply over the past couple of years.View larger image
The question now isn’t whether the company is executing. It’s whether the stock price already reflects that success.
Agnico Eagle is one of the world’s largest gold miners, operating primarily in Canada, Australia, Finland, and Mexico. Its asset base includes the Detour Lake and Canadian Malartic mines (the two largest gold mines in Canada) and is supported by a deep pipeline of expansion projects.
The company’s most recent results were strong.
It produced 3.45 million ounces in 2025 and is targeting stable annual production between 3.3 million and 3.5 million ounces through 2028, with a longer-term path toward more than 4 million ounces annually in the early 2030s.
In the fourth quarter, the company produced 841,000 ounces at total cash costs of $1,089 per ounce and all-in sustaining costs, or AISC, of $1,517. For the full year, total cash costs were $979 per ounce and AISC was $1,339.
Adjusted earnings for the year reached $4.2 billion, and free cash flow came in at $4.4 billion. The balance sheet improved meaningfully, with roughly $950 million in debt repaid and cash rising to about $2.9 billion.
Management also increased the quarterly dividend by 12.5% to $0.45 (which comes out to a 0.73% annual yield) and expanded its buyback authorization.
That operational strength brings us to valuation.View larger image
Agnico Eagle trades at an EV/NAV of 4.96, versus a universe average of 3.98. This tells us investors are paying a premium for each dollar of net asset value compared with the company’s peers.
That premium suggests the market views Agnico Eagle’s asset base as higher-quality and lower-risk than the average miner’s.
The company looks stronger on a cash-efficiency basis as well. Its FCF/NAV is 2.54%, versus 1.11% for the broader universe. Agnico Eagle is converting its assets into free cash flow more than twice as efficiently as the average company.
That helps justify part of the valuation premium.
Growth adds another layer. Over the past 12 quarters, free cash flow has grown quarter over quarter 54.5% of the time, surpassing the broad average of 47.35%.
While not dramatically higher, that does show that Agnico Eagle is expanding its cash generation faster than the typical company in its group.
But does that translate to an attractive buy opportunity?Finish Reading Here
SPONSORED
“OpenAI founder admits GPT-5 is smarter than him”
Alex Green personally invested in Apple at $1… Netflix before it began streaming videos online… and Amazon before it dominated the market… Free briefing reveals how to get the details on his next big recommendation.Watch Before GPT-5 Launch
BUILD AND PROTECT YOUR WEALTH
Don’t Miss: Trader Reveals New Strategy That Targets BIG Potential Profits With 1 Ticker Every Week.
Is President Trump Channeling Ben Franklin’s Diplomatic Skills?
Marc Lichtenfeld Reveals Strange “23 Enigma”
Insiders Are Loading Up on These Stocks. History Says Follow Them.
MORE FROM WEALTHY RETIREMENT
Can CION Afford Its Monthly Dividend?
3 Investing Habits for Building Wealth
Trump’s Next Big Stock Buy?
The Overlooked Way to Pick the Best AI Stocks
FacebookLinkedInEmail SharePush Alert
SPONSORED
New AI Changes How To Profit From Earnings Season
A brand-new AI tool is now able to help detect a powerful market force that has been studied by Harvard, the FED and even the SEC.
See how everyday Americans can unlock a new way to profit from earning season…
AND even outperform the market by as much as 1,700%.See the details
You are receiving this email because you subscribed to Wealthy Retirement.
Wealthy Retirement is published by The Oxford Club.
Questions? Check out our FAQs. Trying to reach us? Contact us here.
Please do not reply to this email as it goes to an unmonitored inbox.
Privacy Policy | Whitelist Wealthy Retirement | Unsubscribe
© 2026 The Oxford Club, LLC All Rights Reserved
The Oxford Club | 105 West Monument Street | Baltimore, MD 21201
North America: 866.237.0436 | International: +1.443.353.4540
Oxfordclub.com
Nothing published by The Oxford Club should be considered personalized investment advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed personalized investment advice. We allow the editors of our publications to recommend securities that they own themselves. However, our policy prohibits editors from exiting a personal trade while the recommendation to subscribers is open. In no circumstance may an editor sell a security before subscribers have a fair opportunity to exit. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. All other employees and agents must wait 24 hours after publication before trading on a recommendation.
Any investments recommended by The Oxford Club should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company.
Protected by copyright laws of the United States and international treaties. The information found on this website may only be used pursuant to the membership or subscription agreement and any reproduction, copying or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of The Oxford Club, LLC, 105 West Monument Street, Baltimore, MD 21201.
REF: 000142349377
