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.

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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