For thousands of other reports visit RSC's Mineral Intellingence Map
Agnico Eagle Mines Ltd.
Summary
| Project: | Goldex | |
|---|---|---|
| Deposit: | Goldex | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/15/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 15-2-2018: Agnico Eagle Mines Ltd. announces a Resource Estimation report for its Goldex deposit at the Goldex project. Year-end mineral resource and ore reserve update. Toronto (February 14, 2018) – Agnico Eagle Mines Limited (NYSE:AEM, TSX:AEM) ("Agnico | |
| Resources: | (Reserve, P+P): 18.186Mt @ 1.57g/t Au for 917koz Au contained at project | |
| CP/QP: | [Resources]: Daniel Doucet (Internal) | |
| ABSTRACT: | Toronto (February 14, 2018) – Agnico Eagle Mines Limited (NYSE:AEM, TSX:AEM) ("Agnico Eagle" or the "Company") today reported quarterly net income of $35.1 million, or net income of $0.15 per share for the fourth quarter of 2017. This result includes mark-tomarket adjustments and derivative losses of $1.0 million ($0.01 per share), non-recurring losses of $6.8 million ($0.03 per share) and non-cash foreign currency translation losses of $5.5 million ($0.02 per share). Excluding these items would result in adjusted net income1 of $48.4 million ($0.21 per share) for the fourth quarter of 2017. The 100% owned Goldex mine in northwestern Quebec began operation from the M and E satellite zones in September 2013. Production costs per tonne in the fourth quarter of 2017 increased when compared to the prior-year period due to an unplanned temporary hoist and mill shutdown in December, higher consumable costs and adjustments to the mining sequence. Production costs per ounce in the fourth quarter of 2017 increased when compared to the prior-year period due the reasons described above, partially offset by higher gold production. Minesite costs per tonne in the fourth quarter of 2017 increased when compared to the prior-year period due to an unplanned temporary hoist and mill shutdown in December, higher consumable costs and adjustments to the mining sequence. Total cash costs per ounce in the fourth quarter of 2017 increased when compared to the prior-year period due to the reasons described above, partially offset by higher gold production. Production was higher in the fourth quarter of 2017 when compared to the prior-year period as a result of slightly higher throughput, higher grades and slightly higher recoveries. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report