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Agnico Eagle Mines Ltd.
Summary
| Project: | La India | |
|---|---|---|
| Deposit: | La India | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| 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 La India deposit at the La India project. Year-end update of mineral resoruces and ore reserves. Toronto (February 14, 2018) – Agnico Eagle Mines Limited (NYSE:AEM, TSX:AEM) | |
| Resources: | (Reserve, P+P): 30.66Mt @ 0.69g/t Au, 2.15g/t Ag 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. Agnico Eagle’s Southern Business operations are focused in Mexico. These operations have been the source of growing precious metals production (gold and silver), stable operating costs and strong free cash flow since 2009. The La India mine in Sonora, Mexico, located approximately 70 kilometres from the Company's Pinos Altos mine, achieved commercial production in February 2014. Production costs per tonne in the fourth quarter of 2017 were the same when compared to the prior-year period. Production costs per ounce in the fourth quarter of 2017 increased when compared to the prior-year period due to lower production, higher contractor costs to accelerate open pit mine development, higher maintenance costs and higher ore. | |
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