Agnico Eagle Mines (AEM) Tops Q2 EPS by 6c

Agnico Eagle Mines (NYSE: AEM) reported Q2 EPS of $0.16, $0.06 better than the analyst estimate of $0.10. Revenue for the quarter came in at $537 million versus the consensus estimate of $507.37 million.

Revised 2016 Guidance – Production Increased, Costs Lowered, Depreciation Decreased

• Production for 2016 is now forecast to be approximately 1.58 to 1.6 million ounces of gold (previously 1.565 million ounces) with total cash costs per ounce on a by-product basis of $580 to $620 (previously $590 to $630) and AISC of approximately $840 to $880 per ounce (previously $850 to $890).
• The Company expects depreciation and amortization expense to be in the range of $610 to $630 million. Previous guidance was $630 to $660 million.

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

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