The Globe and Mail reports in its Tuesday, May 26, edition that National Bank Financial analyst Shane Nagle has reiterated his "outperform" recommendation and $350 share target for Agnico Eagle Mines. The Globe's David Leeder writes that analysts on average target the shares at $357.95. Mr. Nagle says in a note: "With the approved development of Hope Bay, Agnico Eagle will have three operating mines in Nunavut, including Meliadine, Meadowbank and Hope Bay -- collectively accounting for 18 per cent of our overall project NAV of the company. Agnico Eagle has been operating in the region for over 18 years and its operations currently represent 25 per cent of the total GDP of the Territory, with mining activities in total accounting for 47 per cent of the region's total GDP. We model 390 koz of production from Meliadine in 2026 (within the range of company guidance), representing 11 per cent of Agnico Eagle's consolidated production. With throughput to average 6,750 tpd by early 2027, subsequent expansion to 7,000-7,500 tpd in the future is being targeted through the addition of a fourth mine at the operation. The company's vision is for production at Meliadine to ultimately average 500,000 oz/yr of production."