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TORONTO (AP) _ Agnico Eagle Mines Ltd. (AEM) on Wednesday reported a loss of $15.5 million in its fourth quarter.
On a per-share basis, the Toronto-based company said it had a loss of 7 cents. Earnings, adjusted for non-recurring costs and stock option expense, came to 2 cents per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.
The gold mining company posted revenue of $482.9 million in the period.
For the year, the company reported profit of $24.6 million, or 11 cents per share. Revenue was reported as $1.99 billion.
Agnico shares have risen 27 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $33.30, a rise of roughly 6 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AEM at http://www.zacks.com/ap/AEM
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Keywords: Agnico Eagle Mines, Earnings Report
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VanEck Vectors Global Alternative Energy ETF
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PRODUCER |
CODE : AEM.TO |
ISIN : CA0084741085 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Agnico Eagle Mines is a gold producing company based in Canada. Agnico Eagle Mines produces gold, copper, lead, silver and zinc in Canada, in Finland and in Mexico, develops copper, gold, lead, silver and zinc in Canada, and holds various exploration projects in Canada. Its main assets in production are LARONDE, LARONDE (EL COCO) MINE, MEADOWBANK and LARONDE EXTENSION in Canada, PINOS ALTOS in Mexico and KITTILA in Finland, its main assets in development are LAPA, GOLDEX and LARONDE in Canada and its main exploration properties are BOUSQUET MINE, JOUTEL, NIGHTHAWK, GERMAN PROPERTY, MOUNTJOY PROPERTY, THORNLOE, REID, NW DELORO, CARR - WILKIE, WHITNEY TISDALE, WARK, EASTER DOME, MELIADINE, ELLISON, BOUSQUET AND ELLISON, COLOMAC MINE, CABALLO BLANCO PROPERTY and VICTORY LAKE in Canada and MORELOS SUR in Mexico. Agnico Eagle Mines is listed in Canada, in Germany and in United States of America. Its market capitalisation is 5.2 billions as of today (US$ 3.8 billions, € 3.5 billions). Its stock quote reached its lowest recent point on October 29, 1999 at 10.10, and its highest recent level on October 11, 2024 at 109.87. Agnico Eagle Mines has 47 442 200 shares outstanding. |