Many mining stock analysts do not cover maintenance capital expenditures (capex) enough. The differentiation between growth and maintenance capex is helpful in getting a handle on what free cash flow might look like at a different stages of a business’s life cycle. In most cases growth capex is an investment, while maintenance capex is a cost. Articles About Maintenance Capex & Free Cash Flow: 1) What's the difference between growth capex, maintenance capex and internally financed capex? https://www.divestopedia.com/7/6677/valuation/free-cash-flows/whats-the-difference-between-growth-capex-maintenance-capex-and-internally-financed-capex 2) Understanding Free Cash Flow Series: Growth vs. Maintenance Capex https://www.gurufocus.com/news/137623/understanding-free-cash-flow-series-growth-vs-maintenance-capex 3) Mistake #4: Confusing Growth Capex with Maintenance Capex https://valuationmasterclass.com/blog/growth-capex-with-maintenance-capex/ 4) How to Calculate Maintenance Capital Expenditure https://www.oldschoolvalue.com/valuation-methods/calculating-maintenance-capital-expenditure/ Agnico Eagle projected free cash flow for Q3 2019: 477k oz of gold production X $600/oz (free cash flow margin when costs are $900/oz with spot gold prices at $1500/oz) means that they should have generated $286.2 million dollars in free cash flow for the quarter. Articles About Agnico Eagle's Good Q3 2019 Results: 1) Agnico Eagle Mines beats Street on higher gold sales volume https://www.reuters.com/article/us-agnico-eagle-results/agnico-eagle-mines-posts-more-than-four-fold-jump-in-profit-idUSKBN1X22NX 2) Agnico Eagle Mines' quarterly gold production hits record https://seekingalpha.com/news/3508846-agnico-eagle-mines-quarterly-gold-production-hits-record 3) Agnico CEO sees gold price pushing to $2,000 in 2-3 years https://seekingalpha.com/news/3509264-agnico-ceo-sees-gold-price-pushing-2000-2minus-3-years Please visit the Wall St for Main St website here: http://www.wallstformainst.com/ Follow Jason Burack on Twitter @JasonEBurack Follow Wall St for Main St on Twitter @WallStforMainSt You can also checkout the Wall St for Main St Facebook Fanpage at http://www.facebook.com/WallStforMainSt or the Wall St for Main St Facebook Group where you can learn and join in on the conversation! Commit to tipping us monthly for our hard work creating high level, thought provoking content that includes interviews with top experts, analysis and short videos about investing and the economy https://www.patreon.com/wallstformainst Also, please take 5 minutes to leave us a good iTunes review here! We only have about 64 5 star iTunes reviews and we need to get to our goal of 100 5 star iTunes reviews asap! https://itunes.apple.com/us/podcast/wall-street-for-main-street/id506204437 If you feel like donating fiat via Paypal, Bitcoin, Gold Money, or mailing us some physical gold or silver, Wall St for Main St accepts one time donations on our main website. Donate Crypto Currency to WS4MS: Send Bitcoin to: 1N5iDrazojYX5rWxmoyp982RDXJzJrFoPC Send Ethereum (ETH) to: 0x748dD59fA5d5dF80E8C0038DD4F60DAb810fe61a Send Litecoin to: MW7g44j5FX9CYEkvfPvxsW5dFjHY84yup4 Send DASH to: XuEEhWptwf1XxP2nFYQxmBfBBJYehqRoBJ Send Zcash (ZEC) to: t1MGcxyWpiH6JeyF9nnWHw9poRpvTW4PT6S Send Bitcoin Cash (BCH) to: qr7mp7f053rwnpxalxljl3f9x5tulzv53ya88d7wch Wall St for Main St is also available for personalized investor education and consulting! Please email us to learn more about it! If you want to reach us, please email us at: [email protected] **DISCLAIMER- ANYTHING MENTIONED DURING THIS AUDIO OR SHORT VIDEO RECORDING IS FOR INFORMATION & EDUCATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE INVESTMENT ADVICE. JASON BURACK AND HIS GUESTS ARE MERELY STATING THEIR OPINIONS ON DIFFERENT TOPICS RELATED TO INVESTING, THE ECONOMY, MARKETS OR COMPANIES. PLEASE TALK TO YOUR INVESTMENT ADVISOR AND DO ADDITIONAL RESEARCH AND DUE DILIGENCE ON YOUR OWN BEFORE INVESTING AND MAKING IMPORTANT INVESTMENT DECISIONS.- DISCLAIMER**