Agoracom: Small Cap Investment - Agnico Eagle Mines - BRIEF-Agnico Eagle Reports Third Quarter 2018 Results

Agnico Eagle: 3 mines operating & 3 new gold mines soon.

Gold production to double to 590,000 ounces in 2009, double again to 1.2 million ounces in 2010.

Reply New Message

Back To Forum List View

RockLicker

Rank: President [?]

Points: 101894 [?]

Votes: 328 Score: 3.9 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

BRIEF-Agnico Eagle Reports Third Quarter 2018 Results

posted on Oct 24, 2018 09:58PM

2018-10-24 05:14:18 PM ET (Reuters)

Oct 24 (Reuters) - Agnico Eagle Mines Ltd:

* AGNICO EAGLE REPORTS THIRD QUARTER 2018 RESULTS; PRODUCTION GUIDANCE INCREASED FOR 2018 AND 2019; NUNAVUT DEVELOPMENT PROJECTS CONTINUE TO ADVANCE AS PLANNED; DRILLING EXTENDS AMARUQ MINERALIZATION AT DEPTH

* Q3 EARNINGS PER SHARE $0.07

* Q3 EARNINGS PER SHARE VIEW $-0.04 -- THOMSON REUTERS I/B/E/S

* Q3 ADJUSTED EARNINGS PER SHARE $0.01 EXCLUDING ITEMS

* TOTAL CAPITAL EXPENDITURES (INCLUDING SUSTAINING CAPITAL) IN 2018 REMAIN FORECAST TO BE APPROXIMATELY $1.08 BILLION

* 2019 GOLD PRODUCTION GUIDANCE IS NOW FORECAST TO EXCEED MID-POINT OF CURRENT GUIDANCE RANGE OF 1.63 TO 1.77 MILLION OUNCES

* PAYABLE GOLD PRODUCTION IN Q3 OF 2018 WAS 421,718 OUNCES AT PRODUCTION COSTS PER OUNCE OF $657

* WILL UPDATE ITS 2019 PRODUCTION GUIDANCE IN FEBRUARY 2019

* AGNICO EAGLE MINES - NOW EXPECT TO PRODUCE ABOUT 1.60 MILLION OUNCES OF GOLD IN 2018, UP FROM CO'S PREVIOUS FORECAST OF 1.5 8 MILLION OUNCES ANNOUNCED LAST QUARTER

* QTRLY REVENUE FROM MINING OPERATIONS $518.7 MILLION VERSUS $580 MILLION

* Q3 REVENUE VIEW $512.1 MILLION -- THOMSON REUTERS I/B/E/S Source text for Eikon: Further company coverage:

Reply New Message

Back To Forum List View

Please to post a reply