Agnico Eagle Reports Fourth Quarter and Full Year 2015 Results

http://www.canadianminingjournal.com/press-releases/story/?id=1003760230

TORONTO, Feb. 10, 2016 /CNW/ – Agnico Eagle Mines Limited (NYSE:AEM, TSX:AEM) (“Agnico Eagle” or the “Company”) today reported a quarterly net loss of $15.5 million, or a net loss of $0.07 per share for the fourth quarter of 2015.  This result includes a non-cash foreign currency translation loss on deferred tax liabilities of $8.6 million ($0.04 per share), various mark-to-market adjustment losses of $5.0 million ($0.02 per share), unrealized losses on financial instruments of $3.3 million ($0.01 per share), non-cash foreign currency translation losses of $1.3 million ($0.01 per share), non-cash stock option expense of $3.6 million ($0.02 per share) and non-recurring gains of $2.4 million ($0.01). Excluding these items would result in adjusted net income of $3.9 million ($0.02 per share) for the fourth quarter of 2015.  In the fourth quarter of 2014, the Company reported a net loss of $21.3 million or a net loss of $0.10 per share.

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