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Agnico Eagle Mines Ltd.
Summary
| Project: | Canadian Malartic Mine | |
|---|---|---|
| Deposit: | Canadian Malartic Mine | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 10/24/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 24-10-2019: Agnico Eagle Mines Ltd. announces an Exploration/Drilling Update report for its Canadian Malartic Mine deposit at the Canadian Malartic Mine project. Drilling results incl. 56.0m @ 5.0g/t Au from 1709.0m. Toronto (October 23, 2019) – Agnico Ea | |
| Resources: | ||
| CP/QP: | [Overall Report]: Guy Gosselin (Internal) | |
| ABSTRACT: | Toronto (October 23, 2019) – Agnico Eagle Mines Limited (NYSE:AEM, TSX:AEM) ("Agnico Eagle" or the "Company") today reported quarterly net income of $76.7 million, or $0.32 per share, for the third quarter of 2019. This result includes non-cash foreign currency translation losses on deferred tax liabilities and non-recurring tax adjustments of $8.3 million ($0.04 per share), derivative losses on financial instruments, mark-to-market and other adjustments of $3.8 million ($0.02 per share) and non-cash foreign currency translation gains of $1.3 million ($0.01 per share). Excluding these items would result in adjusted net income1 of $87.5 million or $0.37 per share for the third quarter of 2019. In the third quarter of 2018, the Company reported net income of $17.1 million or $0.07 per share. Included in the third quarter of 2019 net income, and not adjusted above, is non-cash stock option expense of $3.4 million ($0.01 per share). In the first nine months of 2019, the Company reported net income of $141.5 million, or $0.60 per share. This compares with the first nine months of 2018, when net income was $67.0 million, or $0.29 per share. In the third quarter of 2019, cash provided by operating activities was a record $349.2 million ($275.3 million before changes in non-cash components of working capital), as compared to the third quarter of 2018 when cash provided by operating activities was $137.6 million ($155.0 million before changes in non-cash components of working capital). | |
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