-=Agnico-Eagle Mines (AEM) reported earnings on Wed 24 Oct 2018 (a/h)

Agnico-Eagle Mines beats by $0.05, beats on revs; Raises Production guidance for 2018-19

• Reports Q3 (Sep) earnings of $0.01 per share, excluding non-recurring items, $0.05 better than the S&P Capital IQ Consensus of ($0.04); revenues fell 10.6% year/year to $518.68 mln vs the $497.68 mln S&P Capital IQ Consensus.
• Production guidance increased for 2018 and 2019 - Based on strong operational performance, 2018 production guidance is now forecast to be approximately 1.60 million ounces of gold, compared to previous guidance of 1.58 million ounces of gold. Total cash costs per ounce and AISC are expected to be at or slightly below the mid-point of the 2018 guidance range ($625 to $675 per ounce and $890 to $940 per ounce, respectively). Given the positive development progress in Nunavut, 2019 production guidance is now forecast to exceed the mid-point of the current guidance range (1.63 to 1.77 million ounces). The Company will update its 2019 production guidance in February 2019.