Agnico-Eagle Mines Limited (TSE:AEM) has released an update.
Agnico Eagle Mines Limited, a senior Canadian gold mining company, reported a significant increase in net income and adjusted net income for Q1 2024, primarily due to higher operating margins and the full inclusion of the Canadian Malartic complex post the Yamana Transaction. The company, which has a policy of no forward gold sales ensuring full exposure to gold prices, also highlighted its presence in politically stable regions which supports its long-term mining prospects. In February 2024, Agnico Eagle bolstered its financial position by entering into a new $2.0 billion unsecured revolving credit facility, replacing the old one and amending its term credit facility.
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