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Agnico-Eagle Mines Ltd. (AEM) Reports Q1 EPS of 61c

May 1, 2014 4:29 PM EDT

Agnico-Eagle Mines Ltd. (NYSE: AEM) reported Q1 EPS of $0.61, $0.41 better than the analyst estimate of $0.20. Revenue for the quarter came in at $491.8 million versus the consensus estimate of $438.3 million.

Operating highlights include:

Record quarterly gold production - 366,421 ounces at total cash costs1 of $537 per ounce

  • Record quarterly gold production at Meadowbank - 156,444 ounces at a total cash cost of $434 per ounce
  • Declaration of commercial production at La India on February 1, 2014
  • Ventilation and cooling system at LaRonde now fully operational - expected to have a positive impact on operating flexibility especially during the summer
  • 2014 production expected to exceed the high end of guidance with costs expected to be better than the low end of the forecast range

For earnings history and earnings-related data on Agnico-Eagle Mines Ltd. (AEM) click here.



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