PROFIT & LOSS

Agnico profit slumps 49% despite record production

Agnico Eagle Mines has reported net income of US$114.5 million for the quarter to September 30 on sales of $974.1 million, a 48.6% fall from the prior year period despite achieving record quarterly production of 523,706 ounces.

Agnico Eagle Mine's Meliadine in Nunavut, Canada

Agnico Eagle Mine's Meliadine in Nunavut, Canada

Production increased 9.9% compared to the prior year period and 8.2% from the June quarter due to the inclusion of production from the Hope Bay mine in Nunavut the company recently acquired from TMAC Resources...

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