Agnico Eagle Mines (AEM) Posts Surprise Q1 Profit

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Go back to Agnico Eagle Mines (AEM) Posts Surprise Q1 Profit

Agnico Eagle Reports First Quarter 2016 Operating and Financial Results - Continued Strong Operational Performance - Amaruq, El Barqueno and Barsele Drill Programs Yield Positive Results

April 28, 2016 5:00 PM EDT

Stock Symbol: AEM (NYSE and TSX)

(All amounts expressed in U.S. dollars unless otherwise noted)

TORONTO, April 28, 2016 /PRNewswire/ - Agnico Eagle Mines Limited (NYSE:AEM, TSX: AEM) ("Agnico Eagle" or the "Company") today reported quarterly net income of $27.8 million, or $0.13 per share, for the first quarter of 2016.  This result includes unrealized gains on financial instruments of $9.6 million ($0.04 per share), non-cash foreign currency translation gains on deferred tax liabilities of $8.0 million ($0.04 per share), non-cash foreign currency translation losses of $6.8 million ($0.03 per share), non-cash stock option expense of $5.9... More