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Thursday, February 13, 2020

-=Agnico-Eagle Mines (AEM) reported earnings on Thur 13 Feb 20 (a/h)

Agnico-Eagle Mines beats by $0.02, reports revs in-line
  • Reports Q4 (Dec) earnings of $0.37 per share, excluding non-recurring items, $0.02 better than the S&P Capital IQ Consensus of $0.35; revenues rose 40.0% year/year to $753.1 mln vs the $757.48 mln S&P Capital IQ Consensus.
  • Gold production is forecast to increase by 18% from 2019 to 2022 -- The gold production forecast for 2020 is now 1.875 million ounces, compared to the most recent guidance of 1.9 to 2.0 million ounces. The gold production guidance for 2020 was reduced largely due to revisions to the mine plans at the Nunavut operations and LaRonde. The mid-point of gold production guidance for 2021 is essentially unchanged at 2.05 million ounces and the mid-point of gold production guidance for 2022 is 2.10 million ounces.

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