Agnico Eagle Reports Fourth Quarter and Full Year 2016 Results - Meliadine and Amaruq Projects Approved for Development; Annual Gold Production Expected to Grow - "Agnico Eagle Mines Limited (NYSE:AEM, TSX:AEM) ("Agnico Eagle" or the "Company") today reported quarterly net income of $62.7 million , or net income of $0.28 per share for the fourth quarter of 2016. This result includes impairment reversals of the Meadowbank mine and Meliadine project, net of tax, of $81.2 million ( $0.36 per share), a non-cash foreign currency translation loss on deferred tax liabilities of $12.9 million ( $0.06 per share), various mark-to-market adjustment losses of $9.4 million ( $0.04 per share), non-recurring losses of $2.4 million ( $0.01 per share) and non-cash foreign currency translation gains of $1.7 million ( $0.01 per share). Excluding these items would result in adjusted net income1 of $4.5 million ( $0.02 per share) for the fourth quarter of 2016. In the fourth quarter of 2015, the Company reported a net loss of $15.5 million or $0.07 per share." More
- 02/15/17 | Item |


- Visit GoldReview.com -