Agnico-Eagle Mines Limited (AEM,AEM.TO) reported first-quarter net income of $78.5 million, or $0.46 per share, up from $45.3 million, or $0.26 per share in the year ago quarter.
The latest quarter result included a non-recurring tax benefit of $9.2 million, or $0.05 per share, non-cash foreign currency translation loss of $15.5 million, or $0.09 per share and stock option expense of $11.8 million, or $0.07 per share, and other non-recurring expense of $4.8 million or $0.03 per share.
Excluding these items, adjusted net income for the latest-quarter was $101.4 million, or $0.59 per share.
Revenues from mining operations increased to $472.93 million from $412.07 million in the year ago quarter.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.37 per share on revenues of $438.97 million for the quarter. Analysts' estimates typically exclude special items.
Agnico-Eagle reiterated its production and cost guidance for 2012, which remains unchanged at 875,000 to 950,000 ounces of gold at total cash costs per ounce of $690 to $750.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.