What spending has Agnico Eagle Mines Limited already committed to?
Disclosed unconditional purchase obligations by year, compared with cash and a cash-generation scenario.
Committed purchases at Dec 31, 2013
Tagged purchase obligations total $43.1M. Cash and equivalents were $139.1M and the latest annual operating cash flow $438.3M.
| Due | Obligations | Source |
|---|---|---|
| Year 1 | $13.0M | 40-F filed 2014-03-26 · UnrecordedUnconditionalPurchaseObligationBalanceOnFirstAnniversary |
| Year 2 | $8.4M | 40-F filed 2014-03-26 · UnrecordedUnconditionalPurchaseObligationBalanceOnSecondAnniversary |
| Year 3 | $5.8M | 40-F filed 2014-03-26 · UnrecordedUnconditionalPurchaseObligationBalanceOnThirdAnniversary |
| Year 4 | $4.3M | 40-F filed 2014-03-26 · UnrecordedUnconditionalPurchaseObligationBalanceOnFourthAnniversary |
| Year 5 | $4.3M | 40-F filed 2014-03-26 · UnrecordedUnconditionalPurchaseObligationBalanceOnFifthAnniversary |
| Thereafter | Not disclosed in structured data |
Contractual purchase obligations only. Discretionary capital spending plans are not included unless the company tags them here.
When would commitments exceed available cash?
| Year | Due | Cumulative due | Cash + available cash flow |
|---|---|---|---|
| Year 1 | $13.0M | $13.0M | $248.7M |
| Year 2 | $8.4M | $21.4M | $358.2M |
| Year 3 | $5.8M | $27.2M | $467.8M |
| Year 4 | $4.3M | $31.5M | $577.4M |
| Year 5 | $4.3M | $35.8M | $687.0M |
Under this scenario, starting cash plus available cash flow covers each year's cumulative commitments.
How the year-one commitment has changed
| Period end | Due within a year | Total |
|---|---|---|
| Dec 31, 2012 | $12.3M | $63.6M |
| Dec 31, 2013 | $13.0M | $43.1M |