Agnico Eagle reports Q3 adjusted EPS 44c, consensus 47c

Reports Q3 revenue $1.64B, consensus $1.66B. Payable gold production was 850,429 ounces at production costs per ounce of $893, total cash costs per ounce of $898 and all-in sustaining costs per ounce of $1,210. “Agnico Eagle had another solid quarter with production and costs coming in as expected. The Canadian Malartic and Meadowbank complexes delivered strong results in the quarter, offsetting unscheduled mill downtime at Detour Lake and highlighting the benefit of our diverse portfolio of mines,” said Ammar Al-Joundi, CEO. “We are expecting a strong finish to the year and based on our year-to-date performance, we are well positioned to achieve our cost guidance and expect gold production to come in above the mid-point of our annual production guidance.”