March 25, 2020 / 12:04 AM / 5 days ago

BRIEF-Agnico Eagle Provides Further Update On Quebec And Nunavut Operations

Agnico Eagle Mines Ltd:

* AGNICO EAGLE PROVIDES FURTHER UPDATE ON QUEBEC AND NUNAVUT OPERATIONS

* AGNICO EAGLE MINES- HELD TALKS WITH GOVERNMENT OF QUEBEC TO GET MORE CLARITY ON ORDER BY GOVERNMENT OF QUEBEC TO CLOSE ALL NON-ESSENTIAL BUSINESSES

* PURSUANT TO ORDER, MINING OPERATIONS WERE DIRECTED TO MINIMIZE THEIR ACTIVITIES UNTIL APRIL 13, 2020

* AGNICO EAGLE MINES- WILL TAKE STEPS TO RAMP DOWN OPERATIONS IN ABITIBI REGION OF QUEBEC

* WITHDRAWING ITS FULL YEAR 2020 PRODUCTION AND CASH COSTS GUIDANCE

* IN MARCH, 2020, COMPANY DREW DOWN US$1.0 BILLION ON ITS US$1.2 BILLION UNSECURED REVOLVING BANK CREDIT FACILITY

* AGNICO EAGLE MINES - CO WILL ALSO BE REVIEWING ITS 2020 SUSTAINING AND GROWTH CAPITAL BUDGET WITH FOCUS ON REDUCING EXPENDITURES

* AGNICO EAGLE MINES - PAYABLE GOLD PRODUCTION IN Q1 OF 2020 EXPECTED TO BE ABOUT 400,000 OUNCES Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below