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BRIEF-Agnico Eagle posts Q4 adjusted earnings per share $0.02
February 15, 2017 / 11:03 PM / 6 months ago

BRIEF-Agnico Eagle posts Q4 adjusted earnings per share $0.02

Feb 15 (Reuters) - Agnico Eagle Mines Ltd

* Agnico Eagle reports fourth quarter and full year 2016 results - Meliadine and Amaruq projects approved for development; annual gold production expected to grow to 2.0 million ounces in 2020

* Q4 adjusted earnings per share $0.02 excluding items

* Q4 earnings per share $0.28

* Agnico Eagle Mines Ltd - annual gold production expected to grow to 2.0 million ounces in 2020

* Agnico Eagle - gold production forecasts for 2017 and 2018 are unchanged from previous guidance of approximately 1.55 and 1.50 million ounces, respectively

* Agnico Eagle Mines Ltd - payable production in Q4 of 2016 was 426,433 ounces of gold, compared to 422,328 ounces in Q4 of 2015

* Agnico Eagle Mines Ltd - cost guidance for 2017 unchanged from prior year's guidance

* Agnico Eagle Mines Ltd - cost guidance for 2017 essentially unchanged from prior year's guidance

* Agnico Eagle Mines - gold production in 2019 is forecast to be about 1.60 million ounces, while production in 2020 is expected to be about 2.0 million ounces

* Agnico Eagle Mines Ltd - total capital expenditures are forecast to be approximately $850 million in 2017, approximately $950 million in 2018

* Agnico Eagle Mines Ltd - total capital expenditures are forecast to be approximately $500 million in 2019

* Agnico Eagle Mines Ltd - annual sustaining capital expenditures for 2017 and beyond are expected to remain stable at approximately $300 million

* In 2017 and 2018, payable gold production is expected to be about 1.55 and 1.50 million ounces of gold, respectively

* Agnico Eagle Mines Ltd qtrly revenues from mining operations $499.2 million versus $482.9 million Source text for Eikon: Further company coverage:

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