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Kittila Mine
Kittila Mine

Agnico Eagle narrows Q3 profit on low prices

NYSE- and TSX-listed Agnico Eagle Mines on Wednesday said its third-quarter net income slid 55% year-on-year to $47.31-million, or $0.27 a share, which was mainly owing to lower realised metal prices, and an extended maintenance shutdown at its...
23rd October 2013

Agnico Eagle to maintain midterm output guidance amid cost cuts

TSX- and NYSE-listed Agnico Eagle Mines this week said it was implementing a significant round of cost-cutting measures on the back of reporting a surprise loss during the second quarter. The Toronto-based company, which is one of Canada’s oldest...
26th July 2013
Mine Profile

Kittilä mine, Finland.

An openpit mine situated in Finnish Lapland.
10th May 2013

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...
27th July 2011

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...
9th September 2010

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...
31st July 2009

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...
29th April 2009

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...
15th January 2009

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...
11th December 2008

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...
19th November 2008

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...
29th October 2008

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...
4th September 2008
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