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Agnico Eagle profits jump to US$189.6M

Agnico Eagle Mines has reported an 80% increase in net profit to US$189.6 million in the quarter to June 30 compared with $105.3 million in the prior year period, on sales of $966 million due to higher operating margins and lower losses in non-cash items.

Paul Harris
Agnico Eagle Mines' LaRonde operation in Quebec, Canada

Agnico Eagle Mines' LaRonde operation in Quebec, Canada

The company produced 500,698 ounces of gold in the quarter at an all-in sustaining cost of $1,021/oz compared to 331,064oz in the 2020 period which was impacted by COVID-19-related temporary closures,...

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