Agnico Eagle reports Q4 adjusted EPS $1.26, consensus $1.17

Reports Q4 revenue $2.22B, consensus $2.27B. Payable gold production was 847,401 ounces at production costs per ounce of $881, total cash costs per ounce of $923 and all-in sustaining costs per ounce of $1,316. “I’m pleased to report another year of record operational and financial performance, achieving our production and cost guidance. We are very proud of our team’s work to control costs, which, coupled with a favourable gold price environment, has resulted in record operating margins. This success, along with capital discipline, has enabled us to reduce net debt by $1.3B since the beginning of the year and return close to $1.0B dollars to our shareholders,” said CEO Ammar Al-Joundi. “Looking ahead, we will remain laser focused on cost control and capital discipline. Our updated three-year production guidance forecasts stable production at peer leading costs. Our exploration program continues to yield positive results, replacing mineral reserves and increasing our mineral resource base. Given our solid track record of execution, we believe we are well positioned to continue to generate strong returns while we advance our pipeline projects and build the foundations for profitable future growth”.