Agnico Eagle Reports Second Quarter 2020 Results – Successful Ramp Up Of Operations Post Temporary Covid-19 Shutdowns; 2020 Production Guidance Increased, Capex And Cost Guidance Maintained – Operations On Track For Strong Second Half; Credit Facility Now Fully Repaid
“The second quarter was challenging given the global COVID-19 pandemic and its impact on our operations. While our business returned to normal production levels ahead of schedule in June, we did have seven of our eight mines on care and maintenance at one point during the quarter. We finished the quarter strong as our employees responded quickly and effectively with a plan to manage the mine shut downs and subsequent restart and ramp-up of operations while protecting the health, safety and well being of our employees and the communities in which we operate”, said Sean Boyd, Agnico Eagle’s Chief Executive Officer.