For thousands of other reports visit RSC's Mineral Intellingence Map
Agnico Eagle Mines Ltd.
Summary
| Project: | Lapa | |
|---|---|---|
| Deposit: | Lapa | |
| 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 Lapa deposit at the Lapa project. Year-end mineral resource and ore reserve update. Toronto (February 14, 2018) – Agnico Eagle Mines Limited (NYSE:AEM, TSX:AEM) ("Agnico Eag | |
| Resources: | (Reserve, Prov.): 0.127Mt @ 3.75g/t Au for 15koz Au contained at Lapa | |
| 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 Lapa mine in northwestern Quebec achieved commercial production in May 2009. Mining operations at Lapa continued during the fourth quarter of 2017 and into the first quarter of 2018 at a reduced rate with ore being stockpiled for processing in 2018. Production costs per tonne for the full year 2017 increased when compared to the prioryear period primarily due to lower throughput levels. Production costs per ounce for the full year 2017 increased when compared to the prior-year period primarily due to lower production. Minesite costs per tonne for the full year 2017 were essentially the same when compared to the prior-year period. Total cash costs per ounce for the full year 2017 increased when compared to the prior-year period due to lower production. Production was lower for the full year of 2017 when compared to the prior-year period as a result of lower throughput and lower grades as the mine approaches the end of operations. | |
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