Agnico-Eagle Q1 beats estimates, shares climb

Agnico-Eagle Mines last week reported first-quarter net earnings rose 73% to $78.5-million as gold production rose slightly to 254 955 oz, even though the comparable period benefited from output at the Goldex mine, which was shuttered in October....

Agnico-Eagle profit lifted by gold price

Canadian gold miner Agnico-Eagle Mines Ltd reported a 73% increase in its quarterly profit on Thursday, driven largely by gains in the price of bullion. Toronto-based Agnico, which has come through major operational setbacks at two mines in...

Canada's Nunavut awaits its day in the sun

The prospects of a mining boom in Canada's Arctic territory of Nunavut - once as bright as the Northern Lights - are fading fast as costs in the inhospitable region spiral higher, forcing writedowns on two major gold projects there. The sparsely...

Meadowbank mine, Canada

An openpit mine situated in Canada.

Agnico-Eagle reports loss on mine writedown

Canadian gold miner Agnico-Eagle reported a quarterly loss late on Wednesday as a partial writedown of the value of its Meadowbank mine in the Canadian Arctic offset gains from a surge in the price of gold. The company also said its president and...

Company Announcement: Price Target Revision

Expectation of Weaker Guidance Likely Discounted into Stock We are publishing our revised estimates for Agnico-Eagle, ahead of the company's Q4 earnings release on February 15. We expect operating performance and importantly 2012 guidance to be at...

Agnico-Eagle Q3 output rises

Gold miner Agnico-Eagle Mines on Tuesday said third quarter production climbed 11% in the third quarter to 265 978 oz, compared with the prior three months, thanks to better output at Kittila in Finland and Meadowbank in Nunavut. The TSX-listed...

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 expects big jump in H2 production

Gold production at Agnico-Eagle Mines' Meadowbank operation in Canada's Nunavut territory will be around 50% higher in the second half of this year compared with the first six months, the company said on Monday. Total group production will also...

Agnico-Eagle doubles Q1 profit

Canadian gold miner Agnico-Eagle Mines increased first-quarter net income by 103%, helped by surging bullion prices and a 34% increase in gold production. Toronto-based Agnico earned $45,3-million in the first three months of the year, compared...

Agnico trims output forecast after Meadowbank fire

Toronto-based Agnico-Eagle Mines has cut its production forecast for 2011, citing a March 10 fire that destroyed the kitchen at its Meadowbank operation, in Nunavut, forcing the company to operate the mine at lower staffing and production levels....

Agnico sees temporary staff cut at Meadowbank after kitchen fire

Gold miner Agnico-Eagle Mines may have to temporarily reduce on-site staff at its remote Meadowbank mine in Nunavut after the kitchen facilities in the employee camp were damaged by a fire. The damage was “extensive” but the fire was...