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Bullboard - Stock Discussion Forum Agnico Eagle Mines Ltd (Ontario) T.AEM

Alternate Symbol(s):  AEM

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... see more

TSX:AEM - Post Discussion

Agnico Eagle Mines Ltd (Ontario) > Causes of impairment charges, anyone?
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Post by bogfit on Feb 15, 2024 7:59pm

Causes of impairment charges, anyone?

Included in the quarterly net loss are impairment charges totaling $667 million (net of tax) or $1.35 per share relating to the Macassa and Pinos Altos mines.


b.
Comment by bogfit on Feb 16, 2024 8:14am
"...an impairment charge at its Macassa mine, which was written down due to lower grades, higher operating costs and higher capital expenditures." Also, " The commissioning of the Shaft #4 production hoist in the first quarter of 2023 has started a new chapter in the life of the Macassa mine, with the new shaft expected to increase production, lower unit costs, improve working ...more  
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