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

Alternate Symbol(s):  AEM

Metals & Mining Gold
Agnico Eagle Mines Limited is a Canada-based gold mining company engaged in producing precious metals from operations in Canada, Australia, Finland and Mexico. It 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... see more

TSX:AEM - Post Discussion

Agnico Eagle Mines Ltd > A comparison. Solve the equation......
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Post by Shermandrock1 on Feb 26, 2022 5:20pm

A comparison. Solve the equation......

KL's net earnings for Q4 2020 were $232.6M. EPS was $0.86. The merged net earnings for Q4 was $111.3M. EPS was $0.46. It is reasonable to presume that the Q4 2021 net earnings for KL as a stand alone would approximate the same as 2020 of $232M IF NOT HIGHER as 2020 was impacted by COVID and efficiencies and improvements were realized in 2021. That said, AEM earnings as a standalone can be determined using the following formula: $232M (Likely KL) + xM (Actual AEM) = 111M. Solving for x for the actual results in AEM suggests that AEM had NEGATIVE earnings of $(121M). Yep, a merger of equals. Anyone surprised that Tony ran away. Probably embarrased to show his face everywhere but the bank.
Comment by DudeRancher1953 on Feb 28, 2022 10:20am
Merger was completed on Feb 8 so no KL results were included in AEM's Q4 results so no "merged net earnings for Q4" are available as far as I know.
Agnico Eagle Mines Ltd