TORONTO (AP) _ Agnico Eagle Mines Ltd. (AEM) on Thursday reported a fourth-quarter loss of $393.7 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Toronto-based company said it had a loss of $1.68. Earnings, adjusted for non-recurring costs, were 14 cents per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.
The gold mining company posted revenue of $537.8 million in the period.
Agnico shares have climbed roughly 4 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $41.87, a fall of 8 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 https://www.zacks.com/ap/AEM