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.

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BREAKING: Mota Ventures Signs Letter of Intent for Merger with Stillcanna

  • Stillcanna looks to become one of the largest producers of THC-free CBD extracts in Europe
  • Stillcanna's Polish extraction facility, NEXUS, features industrial-scale centrifugal chromatography equipment that allows for the production of bulk THC-free CBD distillate as well as custom Cannabinoid profiles
  • In February 2020, Stillcanna's Romanian extraction facility, ORIGIN, which operates pursuant to a joint venture between Stillcanna and Dragonfly Biosciences Ltd., received approval from the Ministry of Health and the Anti-Drug Agency to become the first government recognized extraction facility in the country
  • To date C$23,000,000 has been invested by Stillcanna in the cultivation and extraction operations,
  • Current cash on hand in Stillcanna of approximately C$7,000,000
  • Stillcanna's CBD extracts are key to unlocking additional value in Mota's retail offerings in Europe
  • Shareholders of Stillcanna would receive one common share of Mota for every 1.8 common shares of Stillcanna held at the time of exchange

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Message: Agnico Eagle Mines Beats on Q4 Earnings, Misses on Revenue

 

 
2020-02-14 05:52:44 AM ET (MT Newswires)
   
   

05:52 AM EST, 02/14/2020 (MT Newswires) -- Agnico Eagle Mines (AEM), a Canadian-based gold producer, on Thursday reported Q4 adjusted net income of $0.37 per share, compared with a loss of $1.68 per share a year earlier. Analysts polled by Capital IQ had expected adjusted EPS of $0.35.

Revenues from mining operations rose to $753.1 million from $537.8 million in Q4 2018 but missed the Street view of $757.5 million.

Payable gold production for Q4 was 494,678 ounces, up from 410,712 ounces in Q4 2018. Payable gold production for FY 2019 was 1,782,147 ounces, up from 1,626,669 ounces in FY 2018.

The company lowered its gold production forecast for 2020 to 1.875 million ounces from the previous guidance of 1.9 to 2.0 million ounces.

The company will pay a quarterly dividend of $0.20 per share, higher than the previous quarterly dividend of $0.175 per share. The latest dividend is payable on March 16 to shareholders of record as of Feb. 28.

Price: 59.11, Change: -0.18, Percent Change: -0.30

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