Agnico Eagle Reports First Quarter 2016 Operating and Financial Results – Continued Strong Operational Performance – Amaruq, El Barqueno and Barsele Drill Programs Yield Positive Results

http://www.stockhouse.com/news/press-releases/2016/04/28/agnico-eagle-reports-first-quarter-2016-operating-and-financial-results

TORONTO, April 28, 2016 /CNW/ – Agnico Eagle Mines Limited (NYSE:AEM, TSX:AEM) (“Agnico Eagle” or the “Company”) today reported quarterly net income of $27.8 million, or $0.13 per share, for the first quarter of 2016.  This result includes unrealized gains on financial instruments of $9.6 million ($0.04 per share), non-cash foreign currency translation gains on deferred tax liabilities of $8.0 million ($0.04 per share), non-cash foreign currency translation losses of $6.8 million ($0.03 per share), non-cash stock option expense of $5.9 million ($0.03 per share), non-recurring losses of $1.9 million ($0.01 per share) and various mark-to-market and other adjustment losses of $0.9 million (nil per share).  Excluding these items would result in adjusted net income of $25.7 million or $0.12 per share for the first quarter of 2016.  In the first quarter of 2015, the Company reported net income of $28.7 million or $0.13 per share.

 

 

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