Welcome to our dedicated page for Agnico Eagle Min news (Ticker: AEM), a resource for investors and traders seeking the latest updates and insights on Agnico Eagle Min stock.
Agnico Eagle Mines Limited operates gold mines in Canada, Australia, Finland and Mexico and reports recurring updates on production, costs, margins and project development. Company news also covers capital allocation through dividends and normal course issuer bids, equity investments, material agreements, and shareholder-meeting matters such as director elections.
Its announcements connect gold mining operations with a development pipeline in lower-risk mining jurisdictions, while governance notices and market communications reflect its NYSE- and TSX-listed common shares under the symbol AEM.
Agnico Eagle Mines Limited (NYSE: AEM) has formed a 50-50 Exploration Joint Venture with Newmont Corporation (NYSE: NEM) to explore the Anza project in Colombia. The project, covering approximately 200 km2, is located in the Mid-Cauca belt, known for its gold deposits. Agnico will initially fund the joint venture until Newmont's previous investment of approximately $2.9 million is matched, expected within 12 months. This move aligns with Agnico's strategy to expand its footprint in Colombia, a region it has been exploring for some time.
Agnico Eagle Mines Limited (AEM) announced it will release its third quarter 2020 results on October 28, 2020, after trading hours. A conference call is scheduled for October 29, 2020, at 11:00 AM (E.D.T.) to discuss financial and operational performance. The call can be accessed via webcast on the company's website, or by telephone. A replay will be available until November 29, 2020. Agnico Eagle has been a significant player in the gold mining sector since 1957, with ongoing operations in Canada, Finland, and Mexico, and a commitment to dividends since 1983.
Agnico Eagle Mines reported a net income of $105.3 million or $0.44 per share for Q2 2020, up from $27.8 million in Q2 2019. Adjusted net income was $44.3 million ($0.18 per share) after accounting for COVID-19 related costs and gains. Despite lower gold production of 331,064 ounces compared to 412,315 ounces a year prior, cash flow from operations rose to $162.6 million. The company anticipates production in H2 2020 to average 480,000 to 500,000 ounces per quarter, with expected declining unit costs. A quarterly dividend of $0.20 per share was also declared.
Agnico Eagle Mines (AEM) has resumed diamond drilling at the Barsele Gold Project in Northern Sweden, initiated on July 14th. The drilling aims to explore Regional Orogenic Gold and Volcanogenic Massive Sulphide targets, focusing on continuity and extensions of higher-grade intercepts in the Avan and Central zones. Initial studies on spectrographic Ore/Waste separation have also begun. Agnico Eagle holds a 55% stake in the Barsele Project and can earn an additional 15% through a pre-feasibility study. Safety protocols against COVID-19 are enforced during operations.
Agnico Eagle Mines Limited (NYSE: AEM) will release its second quarter 2020 results on July 29, 2020, after market hours. A conference call to discuss the financial results will be held on July 30, 2020, at 11:00 AM (E.D.T.). The session can be accessed via a live audio webcast on the company’s website, with telephone dial-in options available as well. Agnico Eagle, a senior Canadian gold mining company established in 1957, produces precious metals across Canada, Finland, and Mexico, maintaining a policy of no forward gold sales.