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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.

Agnico Eagle profits jump to US$189.6M Agnico Eagle profits jump to US$189.6M Agnico Eagle profits jump to US$189.6M Agnico Eagle profits jump to US$189.6M Agnico Eagle profits jump to US$189.6M

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,