Kittilä mine, Finland.

An openpit mine situated in Finnish Lapland.

Agnico earnings down, buys stake in jnr Rubicon

Toronto-based gold miner Agnico-Eagle Mines reported a 31% decline in second-quarter net income, after output fell, a year-ago tax recovery was not repeated and the company recorded a non-cash foreign currency translation loss. Revenue from...

Agnico-Eagle plans Meliadine feasibility study by 2013

Toronto-based Agnico-Eagle Mines has begun an “aggressive” exploration programme at its new Meliadine project, in Nunavut, and plans to complete a feasibility study in 2013. Agnico bought Meliadine this year when it acquired junior Comaplex...

Fast-growing Agnico-Eagle may boost dividend, still eyes acquisitions

Toronto-based Agnico-Eagle Mines will consider using some of its growing cash flow to raise its dividend next year, and continues to look for early-stage acquisition opportunities, CEO Sean Boyd said on Thursday. The company is nearing the final...

Agnico-Eagle posts $54,3m Q1 profit, starts production at Lapa

Toronto-based gold-miner Agnico-Eagle Mines earned $54,3-million in the first three months of 2009, compared with $28,9-million a year earlier. Earnings were boosted by a $38,6-million tax recovery, as well as a gain on foreign currency...

Agnico-Eagle pours first gold at Kittila mine

Toronto-based gold-miner Agnico-Eagle Mines poured the first gold this week at its new Kittila mine, in Finland, and has another two operations still on the way this year, vice-chairperson and CEO Sean Boyd said on Thursday. The commissioning at...

Agnico-Eagle to double output in 2009, and again in 2010

Canadian-gold-miner Agnico-Eagle Mines expects gold production to jump 100%, to 590 000 oz next year, followed by another doubling, to 1,2-million ounces, in 2010. The Toronto-based miner opened two new mines this year, and will repeat the feat...

Agnico-Eagle to raise $252m in private placement

Canadian gold-miner Agnico-Eagle Mines, which formally opened its Kittila mine, in Finland this week, has agreed to raise about $252-million in a private placement, to fund mine development, the company said on Wednesday. A syndicate led by...

Agnico-Eagle profit rises on foreign currency gain, gold output

Canadian gold-miner Agnico-Eagle Mines increased third-quarter net income to $14-million, compared with $11,5-million a year earlier, mainly thanks to a foreign currency translation gain. Gold production in the September quarter increased 23% to...

Agnico-Eagle enters $300m credit facility

Toronto-based Agnico-Eagle Mines has executed a new non-amortising $300-million revolving credit facility, which brings the total credit lines available to the company to $600-million. Both the existing $300-million facility and the new credit...

Agnico-Eagle lowers output targets on start-up delays

Canadian gold-miner Agnico-Eagle has revised its production guidance for the year to between 300 000 oz and 320 000 oz of gold, after delays at two of its new mines mean new production will not come online as quickly as expected. The company also...

Agnico-Eagle mulls growth at own projects, cautiously eyes potential targets

Notwithstanding CEO Sean Boyd's insistence that “it's not a race, we're not racing anywhere”, Canadian gold-miner Agnico-Eagle is unarguably making excellent time, with one new mine under its belt this year and another four to come over the...