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Agnico Eagle Mines Ltd (AEM.TO)

AEM.TO on Toronto Stock Exchange

109.38CAD
10 Aug 2020
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Latest Key Developments (Source: Significant Developments)

Agnico Eagle Reports Second Quarter 2020 Results
Thursday, 30 Jul 2020 

July 29 (Reuters) - Agnico Eagle Mines Ltd ::AGNICO EAGLE REPORTS SECOND QUARTER 2020 RESULTS - SUCCESSFUL RAMP UP OF OPERATIONS POST TEMPORARY COVID-19 SHUTDOWNS; 2020 PRODUCTION GUIDANCE INCREASED, CAPEX AND COST GUIDANCE MAINTAINED - OPERATIONS ON TRACK FOR STRONG SECOND HALF; CREDIT FACILITY NOW.Q2 ADJUSTED EARNINGS PER SHARE $0.18 EXCLUDING ITEMS.Q2 EARNINGS PER SHARE $0.44.Q2 EARNINGS PER SHARE ESTIMATE $0.20 -- REFINITIV IBES DATA.2020 PRODUCTION GUIDANCE INCREASED, CAPEX AND COST GUIDANCE MAINTAINED.CREDIT FACILITY NOW FULLY REPAID.ANTICIPATE GENERATING SIGNIFICANT FREE CASH FLOW IN SECOND HALF OF 2020.QTRLY PAYABLE GOLD PRODUCTION WAS 331,064 OUNCES AT PRODUCTION COSTS PER OUNCE OF $854, TOTAL CASH COSTS PER OUNCE OF $825.EXPECTS TO REACH A MONTHLY PRODUCTION RATE IN JULY 2020 OF ABOUT 160,000 TO 170,000 OUNCES OF GOLD.GOLD PRODUCTION IN 2020 IS NOW EXPECTED TO BE 1.68 TO 1.73 MILLION OUNCES.QTRLY REVENUES FROM MINING OPERATIONS $557.2 MILLION VERSUS $526.6 MILLION.  Full Article

Agnico Eagle Mines Provides Update On Resumption Of Operations In Quebec
Tuesday, 14 Apr 2020 

April 14 (Reuters) - Agnico Eagle Mines Ltd ::AGNICO EAGLE PROVIDES UPDATE ON RESUMPTION OF OPERATIONS IN QUEBEC.AGNICO EAGLE MINES LTD - PROVIDES UPDATE ON RESUMPTION OF OPERATIONS IN QUEBEC.AGNICO EAGLE MINES - TAKING STEPS TO RESUME ITS OPERATIONS IN ABITIBI REGION OF QUEBEC (THE LARONDE COMPLEX, GOLDEX MINE AND CANADIAN MALARTIC MINE (50%)).AGNICO EAGLE MINES LTD - EXPECTS THAT EXPLORATION ACTIVITIES WILL REMAIN SUSPENDED UNTIL MAY 4, 2020.  Full Article

Agnico Eagle Mines Ltd Says Immediately Suspended All Underground Operations At Kittila For 72 Hours
Thursday, 2 Apr 2020 

April 2 (Reuters) - Agnico Eagle Mines Ltd ::AGNICO EAGLE MINES LTD SAYS IMMEDIATELY SUSPENDED ALL UNDERGROUND OPERATIONS AT KITTILA FOR 72 HOURS.AGNICO EAGLE MINES LTD SAYS EMPLOYEES FROM MEXICO OPERATIONS WILL CONTINUE TO RECEIVE THEIR BASE REMUNERATION THROUGH APRIL 30, 2020.  Full Article

Agnico Eagle Provides Update On Mexico Operations
Thursday, 2 Apr 2020 

April 2 (Reuters) - Agnico Eagle Mines Ltd ::AGNICO EAGLE PROVIDES UPDATE ON MEXICO OPERATIONS.AGNICO EAGLE MINES LTD - EXPLORATION ACTIVITIES IN MEXICO WILL ALSO BE SUSPENDED UNTIL APRIL 30.AGNICO EAGLE MINES - EMPLOYEES FROM MEXICO OPERATIONS WILL CONTINUE TO RECEIVE THEIR BASE REMUNERATION THROUGH APRIL 30, 2020.AGNICO EAGLE MINES LTD - AT THIS TIME, KITTILA MINE IN FINLAND IS EXPECTED TO CONTINUE TO OPERATE AT NORMAL LEVELS.AGNICO EAGLE MINES LTD - ON MARCH 28, 2020, AN EMPLOYEE WHO WORKS UNDERGROUND AT KITTILA MINE IN FINLAND TESTED POSITIVE FOR COVID-19.AGNICO EAGLE MINES - IMMEDIATELY SUSPENDED ALL UNDERGROUND OPERATIONS AT KITTILA FOR 72 HOURS TO IDENTIFY OTHER EMPLOYEES WHO MAY HAVE BEEN IN CLOSE CONTACT.AGNICO EAGLE MINES LTD - UNDERGROUND OPERATIONS AT KITTILA RESUMED ON MARCH 31, 2020.  Full Article

Agnico Eagle Provides Further Update On Quebec And Nunavut Operations
Wednesday, 25 Mar 2020 

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.  Full Article

Agnico Eagle Provides Update On Quebec Operations
Tuesday, 24 Mar 2020 

March 24 (Reuters) - Agnico Eagle Mines Ltd ::AGNICO EAGLE PROVIDES UPDATE ON QUEBEC OPERATIONS.AGNICO EAGLE MINES LTD - COMMUNICATING WITH GOVERNMENT OF QUEBEC TO ENSURE COMPLIANCE WITH ITS ORDER.  Full Article

Agnico Eagle Says There Are No Confirmed Cases Of Covid-19 In Nunavut At Present Time
Thursday, 19 Mar 2020 

March 19 (Reuters) - Agnico Eagle Mines Ltd ::AGNICO EAGLE PROVIDES UPDATE ON NUNAVUT OPERATIONS.AGNICO EAGLE MINES LTD - AT PRESENT TIME THERE ARE NO CONFIRMED CASES OF COVID-19 IN NUNAVUT OR AT ANY OF AGNICO EAGLE'S GLOBAL OPERATIONS.AGNICO EAGLE MINES - PLANS TO CONTINUE OPERATIONS AT BOTH MELIADINE AND MEADOWBANK WITH REMAINING WORKFORCE.AGNICO EAGLE MINES LTD - DECIDED TO SEND HOME NUNAVUT BASED WORK FORCE FROM MELIADINE AND MEADOWBANK OPERATIONS, EXPLORATION PROJECTS FOR FOUR WEEKS.AGNICO EAGLE MINES LTD - NUNAVUT EMPLOYEES WILL CONTINUE TO RECEIVE THEIR REMUNERATION DURING THIS PERIOD.  Full Article

Agnico Eagle Reports Q4 Adjusted Earnings Per Share $0.37 Excluding Items
Friday, 14 Feb 2020 

Feb 13 (Reuters) - Agnico Eagle Mines Ltd ::AGNICO EAGLE REPORTS FOURTH QUARTER AND FULL YEAR 2019 RESULTS - RECORD ANNUAL AND QUARTERLY GOLD PRODUCTION; PRODUCTION GUIDANCE OUTLINES 18% GROWTH THROUGH 2022 WITH DECLINING UNIT COSTS IN 2021 AND 2022; PIPELINE PROJECTS CONTINUE TO ADVANCE; QUARTERLY.Q4 ADJUSTED EARNINGS PER SHARE $0.37 EXCLUDING ITEMS.Q4 EARNINGS PER SHARE $1.39.Q4 EARNINGS PER SHARE ESTIMATE $0.38 -- REFINITIV IBES DATA.PAYABLE GOLD PRODUCTION IN Q4 OF 2019 WAS 494,678 OUNCES.TOTAL CAPITAL EXPENDITURES (INCLUDING SUSTAINING CAPITAL) FOR FULL YEAR 2019 WERE $824.8 MILLION.QTRLY REVENUES FROM MINING OPERATIONS $753.1 MILLION VERSUS $537.8 MILLION.QTRLY NET INCOME PER SHARE - DILUTED$1.38.GOLD PRODUCTION IN 2020 IS NOW FORECAST TO BE 1.875 MILLION OUNCES.GOLD PRODUCTION IN 2021 IS NOW FORECAST TO BE BETWEEN 2.01 MILLION AND 2.09 MILLION OUNCES.GOLD PRODUCTION IN 2022 IS FORECAST TO BE BETWEEN 2.07 MILLION AND 2.14 MILLION OUNCES.Q1 OF 2020 IS EXPECTED TO BE WEAKEST QUARTER FOR GOLD PRODUCTION.AGNICO EAGLE MINES - IN 2020, TOTAL CASH COSTS PER OUNCE ARE FORECAST TO BE BETWEEN $725 AND $775.IN 2020, AISC ARE FORECAST TO BE BETWEEN $975 AND $1,025 PER OUNCE.AGNICO EAGLE MINES -COSTS IN 2020 FORECAST TO INCREASE OVER 2019 DUE TO ONGOING RAMP UP OF NUNAVUT OPERATIONS,MORE CONSERVATIVE MINING PLAN AT LARONDE.TOTAL CASH COSTS PER OUNCE AND AISC ARE EXPECTED TO CONTINUE TO DECLINE FROM 2020 THROUGH 2022.  Full Article

Agnico Eagle Issued Warrants In Connection With Loan Agreement With Orla Mining Financing
Wednesday, 8 Jan 2020 

Jan 7 (Reuters) - Agnico Eagle Mines Ltd ::AGNICO EAGLE ISSUED WARRANTS IN CONNECTION WITH LOAN AGREEMENT WITH ORLA MINING LTD. FINANCING.AGNICO EAGLE MINES - EACH 2026 WARRANT ENTITLES HOLDER TO ACQUIRE ONE SHARE AT A PRICE OF $3.00 AT ANY TIME PRIOR TO DEC 18, 2026.  Full Article

Agnico Eagle Mines Files For Mixed Shelf Of Upto $1.0 Bln - SEC Filing
Wednesday, 20 Nov 2019 

Nov 19 (Reuters) - Agnico Eagle Mines Ltd ::AGNICO EAGLE MINES LTD FILES FOR MIXED SHELF OF UPTO $1.0 BILLION - SEC FILING.  Full Article

UPDATE 2-Canadian miner Agnico Eagle boosts production outlook as gold prices surge

July 29 Canada's Agnico Eagle Mines raised the low-end of its production outlook for the year, benefiting from a surge in gold prices and a ramp up in operations after coronavirus-led shutdowns.