Currently viewing Global edition

Agnico overdelivers in March quarter but softer Q2 to follow

TSX-listed gold miner Agnico Eagle delivered better than expected production figures for the March quarter – with earnings exceeding consensus estimates as a result – but the company expects output to fall in Q2.

Agnico overdelivers in March quarter but softer Q2 to follow Agnico overdelivers in March quarter but softer Q2 to follow Agnico overdelivers in March quarter but softer Q2 to follow Agnico overdelivers in March quarter but softer Q2 to follow Agnico overdelivers in March quarter but softer Q2 to follow

The water treatment plant at Agnico Eagle's Kittila asset in northern Finland

A better than forecast performance at the company's LaRonde, Kittila, Meliadine and Meadowbank assets in March saw Agnico produce 516,804 ounces of payable gold production in Q1, up 26% year-on-year.