Agnico Eagle Mines (AEM) Misses Q4 EPS by 6c

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Go back to Agnico Eagle Mines (AEM) Misses Q4 EPS by 6c

Agnico Eagle Reports Fourth Quarter and Full Year 2016 Results - Meliadine and Amaruq Projects Approved for Development; Annual Gold Production Expected to Grow to 2.0 Million Ounces in 2020

February 15, 2017 5:40 PM EST

Stock Symbol: AEM (NYSE and TSX)(All amounts expressed in U.S. dollars ("$" or "US$") unless otherwise noted)

TORONTO, Feb. 15, 2017 /PRNewswire/ - Agnico Eagle Mines Limited (NYSE:AEM, TSX: AEM) ("Agnico Eagle" or the "Company") today reported quarterly net income of $62.7 million, or net income of $0.28 per share for the fourth quarter of 2016.  This result includes impairment reversals of the Meadowbank mine and Meliadine project, net of tax, of $81.2 million ($0.36 per share), a non-cash foreign currency translation loss on deferred tax liabilities of $12.9 million ($0.06 per share), various mark-to-market adjustment... More