Day: May 1, 2014

Agnico Eagle reports first quarter 2014 operating and financial results – Record quarterly gold production builds on 2013 operational success

Agnico Eagle Mines Limited today reported quarterly net income of $108.9 million, or $0.63 per share for the first quarter of 2014. This result includes a non-cash foreign currency translation gain of $8.3 million ($0.05 per share), non-cash stock option expense of $9.5 million ($0.05 per share) and other non-recurring gains of $3.3 million ($0.02 per share). Excluding these items would result in adjusted net income of $106.8 million, or $0.61 per share. In the first quarter of 2013, the Company reported net income of $23.9 million, or $0.14 per share.

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