Agnico Eagle Mines Ltd (Ontario) T.AEM

Alternate Symbol(s): AEM

Metals & Mining Gold

Agnico Eagle Mines Limited is a Canada-based gold mining company, which is engaged in producing precious metals from operations in Canada, Australia, Finland and Mexico. The Company has a pipeline of exploration and development projects in these countries as well as in the United States. Its operations include Canadian Malartic Complex, Detour Lake, Fosterville, Goldex, Kittila, La India, LaRonde Complex, Macassa, Meadowbank Complex, Meliadine and Pinos Altos. Its exploration site includes Anza, Barsele, Delta, Douay/Joutel, Kirkland Lake Regional, Kuotko, Monument Bay and others. The Canadian Malartic Complex is located over 25 kilometers (km) west of Val-d’Or in northwestern Quebec, Canada. The Detour Lake operation is located in northeastern Ontario, over 300 km northeast of Timmins and 185 km by road northeast of Cochrane, within the northernmost Abitibi Greenstone Belt. The Fosterville mine is a high-grade, low-cost underground gold mine, located 20 km from the city of Bendigo.

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Agnico Eagle Mines Ltd (Ontario)

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Post by andy604on Feb 15, 2024 5:50pm

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Post# 35882999

Bought a few hundred on profit expectations

TORONTO — TORONTO — Agnico Eagle Mines Ltd. (AEM) on Thursday reported a fourth-quarter loss of $381 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Toronto-based company said it had a loss of 77 cents. Earnings, adjusted for non-recurring costs, came to 57 cents per share.

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The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share.

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This profitable gold stock is on its way up