Day: July 30, 2014

Agnico Eagle reports second quarter 2014 results – Increased 2014 guidance on the back of continued strong operating results and completion of the Osisko acquisition

Agnico Eagle Mines Limited today reported a quarterly net income of $37.7 million, or $0.20 per share for the second quarter of 2014. This result includes a non-cash foreign currency translation loss of $8.7 million ($0.05 per share), non-cash stock option expense of $5.1 million ($0.03 per share), non-recurring losses of $6.1 million ($0.03 per share) related to the Osisko Mining Corporation acquisition, and non-recurring gains of $4.8 million ($0.03 per share). Excluding these items would result in an adjusted net income of $52.8 million, or $0.28 per share. In the second quarter of 2013, the Company reported a net loss of $24.4 million, or $0.14 per share.

First Quantum Minerals Reports Second Quarter 2014 Results

First Quantum Minerals Ltd. today announced comparative net earnings 1 of $133.6 million or $0.23 per share for the three months ended June 30, 2014 inclusive of $19.5 million or $0.04 per share of unfavorable, recurring acquisition-related adjustments.

Yamana Gold Declares Third Quarter Dividend

YAMANA GOLD INC. declares its third quarter 2014 dividend of $0.0375 per share. Shareholders of record at the close of business on September 30, 2014 will be entitled to receive payment of this dividend on October 14, 2014. The dividend is an “eligible dividend” for Canadian tax purposes.

Cangold Commences Surface Work Program On Guadalupe De Los Reyes Gold-Silver Project

CANGOLD LIMITED reports that it will commence immediately with a Phase I surface work program on the Guadalupe de los Reyes Gold-Silver Project in Sinaloa State, Mexico. A crew will be mobilized to the project within the next week and will focus on detailed geological mapping, trenching, and rock sampling in order to further define the numerous mineralized structures on the property.

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