Few Surprises in Agnico Eagle’s 1Q as Reinvestment Cycle Progresses as Expected
Agnico Eagle's first-quarter results were roughly in line with our expectations. The company produced 389,278 ounces at an all-in sustaining cost, or AISC, of $889 per ounce. This represents a marked decline from the prior-year quarter in which the company produced 418,216 ounces at AISC of $741 per ounce. However, this was largely expected given the company is in the middle of a reinvestment cycle.With few surprises during the quarter, the company maintained its full-year outlook of 1.53 milli...
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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