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Agnico maintains dividend despite challenging quarter

Agnico Eagle Mines (TSX: AEM) has kept its dividend unchanged despite reporting a challenging March quarter, with COVID-19 restrictions impacting seven of its eight operations but the company is expecting a stronger second half.

Staff reporter
Aside from three days in March, Agnico Eagle Mines’ Kittila mine in Finland remained in full operation

Aside from three days in March, Agnico Eagle Mines’ Kittila mine in Finland remained in full operation

Agnico has replaced its withdrawn 2020 production guidance of 1.875 million ounces with a forecast 1.63-1.73Moz. Capex has been reduced from US$740 million to $690 million and all-in sustaining costs...

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