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TORONTO (AP) _ Agnico Eagle Mines Ltd. (AEM) on Wednesday reported a loss of $15.5 million in its fourth quarter.
On a per-share basis, the Toronto-based company said it had a loss of 7 cents. Earnings, adjusted for non-recurring costs and stock option expense, came to 2 cents per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.
The gold mining company posted revenue of $482.9 million in the period.
For the year, the company reported profit of $24.6 million, or 11 cents per share. Revenue was reported as $1.99 billion.
Agnico shares have risen 27 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $33.30, a rise of roughly 6 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AEM at http://www.zacks.com/ap/AEM
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Keywords: Agnico Eagle Mines, Earnings Report
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Agnico-Eagle Mines Limited
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PRODUCER |
CODE : AEM.TO |
ISIN : CA0084741085 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Agnico-Eagle is a gold producing company based in Canada. Agnico-Eagle produces gold, copper, lead, silver and zinc in Canada, in Finland and in Mexico, develops copper, gold, lead, silver and zinc in Canada, and holds various exploration projects in Canada. Its main assets in production are LARONDE, LARONDE (EL COCO) MINE, MEADOWBANK and LARONDE EXTENSION in Canada, PINOS ALTOS in Mexico and KITTILA in Finland, its main assets in development are LAPA, GOLDEX and LARONDE in Canada and its main exploration properties are BOUSQUET MINE, JOUTEL, NIGHTHAWK, GERMAN PROPERTY, MOUNTJOY PROPERTY, THORNLOE, REID, NW DELORO, CARR - WILKIE, WHITNEY TISDALE, WARK, EASTER DOME, MELIADINE, ELLISON, BOUSQUET AND ELLISON, COLOMAC MINE, CABALLO BLANCO PROPERTY and VICTORY LAKE in Canada and MORELOS SUR in Mexico. Agnico-Eagle is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 20.5 billions as of today (US$ 15.0 billions, € 14.0 billions). Its stock quote reached its lowest recent point on October 29, 1999 at CA$ 10.10, and its highest recent level on November 13, 2020 at CA$ 99.66. Agnico-Eagle has 230 990 000 shares outstanding. |