Agnico-Eagle, Eldorado and Goldcorp appear to offer compelling

investment propositions with substantial production growth from assets

located in relatively stable jurisdictions. BMO Research compares the

stocks to assess execution, relative value and future growth potential.

1. AEM, ELD and GG provide substantial growth opportunities, but

each company has missed previously stated targets.

2. AEM has delivered five mines and shifts focus to organic

opportunities, while ELD now appears most exposed to

undeveloped new projects.

3. BMO Research prefers Goldcorp, based on a balance of growth,

risk and value. Eldorado offers substantial growth, but with

higher risks and a greater valuation premium than Agnico-Eagle."