Agnico Eagle 1st-qtr profit falls but beats expectations

Aem Holdings

25/04/2019 22:26

TORONTO, April 25 (Reuters) - Agnico Eagle Mines  AEM.TO ,
the biggest Canada-focused gold miner, reported a decline in
first-quarter profit on lower gold production as its Meadowbank
mine in Canada's Nunavut territory nears the end of its life,
the company said on Thursday.
    The Toronto-based company said net income fell almost 18% to
$37 million, or 16 cents per share, in the three months ended
March 31, beating analyst estimates of 7 cents a share. 
    Cash from operating activities fell to $148.7 million from
$207.7 million a year earlier, the company said.

 (Reporting By Nichola Saminather
Editing by James Dalgleish)
 ((Nichola.Saminather@thomsonreuters.com; +1-416-687-7604;))