Despite the loss of Goldex, RBC Capital Markets expects AEM to increase year-over-year production in 2011 as well as in 2012 and 2013 thanks to higher contributions from the remaining properties.

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Instead, Scaglia has chosen to collaborate with AEM, the recently privatized Milanese electrical utility, to build a home- base network alongside of AEM cables in and around Italy's richest city, Milan, which accounts for 30% of the country's telecom spending.

FORBES: A fiber niche is nice

High beta names like Aurizon Mines (AZK), Kinross Gold (KGC) and Agnico-Eagle Mines (AEM) will squeeze metal shorts and run fast and furious.

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The companies he personally represents include Xstrata plc (LSE: XTA), Goldcorp (TSX:G)(NYSE: GG), IAMGOLD Corp. (TSX: IMG)(NYSE: IAG), Agnico-Eagles Mines Ltd. (TSX, NYSE: AEM), Strateco Resources Inc. (TSX: RSC) among others.

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AEM, the power supplier for the city of Milan, took over Edison, the second-biggest Italian energy firm.

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