Agnico Eagle Reports First Quarter 2020 Results; New 2020 Production and Unit Cost Guidance Issued to Reflect Impact of COVID-19 Temporary Shutdowns at Seven of Eight Mines; Restart and Ramp Up Activi

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Go back to Agnico Eagle Reports First Quarter 2020 Results; New 2020 Production and Unit Cost Guidance Issued to Reflect Impact of COVID-19 Temporary Shutdowns at Seven of Eight Mines; Restart and Ramp Up Activi

Agnico Eagle Mines (AEM) Tops Q1 EPS by 5c, Revenues Beat

April 30, 2020 5:16 PM EDT

Agnico Eagle Mines (NYSE: AEM) reported Q1 EPS of $0.23, $0.05 better than the analyst estimate of $0.18. Revenue for the quarter came in at $671.88 million versus the consensus estimate of $652.5 million.

Reported a quarterly net loss of $21.6 million, or net loss of $0.09 per share, for the first quarter of 2020. This result includes non-cash foreign currency translation losses on deferred tax liabilities of $44.2 million ($0.18 per share), mark-to-market derivative losses on financial instruments of $22.1 million ($0.09 per share), non-cash foreign... More