Steady First-Quarter Results Lead Agnico-Eagle to Maintain Full-Year Guidance; Shares Fairly Valued
While M&A activity has dominated the headlines elsewhere in the industry, Agnico-Eagle reported another quarter of steady performance. In the first quarter of 2019, Agnico-Eagle produced 398,217 ounces at total byproduct cash costs of $623 per ounce. This was a slight improvement over 2018’s production of 389,278 ounces at cash costs of $648 per ounce. All-in sustaining costs showed more improvement, dropping from $889 per ounce in 2018 to $836 per ounce in the first quarter of 2019.More im...
Agnico-Eagle Mines is a gold mining company with mining operations in Canada, Mexico and Finland. Co. earns a proportion of its revenues from the production and sale of gold in both dore bar and concentrate form. The remainder of revenue and cash flow is generated by the production and sale of byproduct metals. The revenue from byproduct metals is mainly generated by production at the LaRonde mine in Canada (silver, zinc, copper and lead) and the Pinos Altos mine in Mexico (silver).
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