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Agnico Eagle Mines Ltd.
Summary
| Project: | Amaruq | |
|---|---|---|
| Deposit: | Amaruq | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 4/29/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-4-2019: Agnico Eagle Mines Ltd. announces an Exploration/Drilling Update report for its Amaruq deposit at the Amaruq project. Drilling results incl. 3.4m @ 39.2g/t Au from 477.1m. Toronto (April 25, 2019) – Agnico Eagle Mines Limited (NYSE:AEM, TSX:AEM | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Alain Blackburn, Guy Gosselin (Internal) | |
| ABSTRACT: | Toronto (April 25, 2019) – Agnico Eagle Mines Limited (NYSE:AEM, TSX:AEM) ("Agnico Eagle" or the "Company") today reported quarterly net income of $37.0 million or $0.16 per share, for the first quarter of 2019. This result includes derivative gains on financial instruments, mark-to-market and other adjustments of $4.0 million ($0.02 per share), noncash foreign currency translation gains on deferred tax liabilities and non-recurring tax gains of $3.2 million ($0.01 per share) and non-cash foreign currency translation losses of $2.2 million ($0.01 per share). Excluding these items would result in adjusted net income1 of $32.0 million or $0.14 per share for the first quarter of 2019. In the first quarter of 2018, the Company reported net income of $44.9 million or $0.19 per share. Included in the first quarter of 2019 net income, and not adjusted above, is non-cash stock option expense of $6.2 million ($0.03 per share). In the first quarter of 2019, cash provided by operating activities was $148.7 million ($170.8 million before changes in non-cash components of working capital), as compared with the first quarter of 2018 when cash provided by operating activities was $207.7 million ($180.5 million before changes in non-cash components of working capital). | |
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