Agnico Eagle reports Q3 EPS $1.14, consensus $1.02

Reports Q3 revenue $2.16B, consensus $2.12B. Payable gold production was 863,445 ounces at production costs per ounce of $908, total cash costs per ounce of $921 and all-in sustaining costs per ounce of $1,286. “We are excited to report record financial results for a fourth consecutive quarter. Our focus on operational performance, cost control and capital discipline has allowed us to deliver the leverage to record gold prices to our shareholders. This quarter we repaid $375 million of debt, increased our cash position and continued to provide strong returns to shareholders,” said CEO Ammar Al-Joundi. “We remain focused on realizing the full potential of our assets through continuous improvement and by advancing our pipeline of projects and supplemental exploration program. Strong drill results this quarter continue to demonstrate significant exploration upside at several of our mines and key pipeline projects, including the extension of the East Gouldie deposit at Canadian Malartic and the expansion of high-grade mineralization at Patch 7 at Hope Bay.”