Agnico Eagle Reports Second Quarter 2021 Results - Strong Op

Stock Symbol: AEM Agnico Eagle Mines Limited today reported quarterly net income of $189.6 million or net income of $0.78 per share, for the second quarter of 2021.  This result includes non-cash mark-to-market gains on warrants of $15.9 million foreign currency translation gains on deferred tax liabilities of $9.3 million derivative gains on financial instruments of $1.8 million non-cash foreign currency …
(All amounts expressed in U.S. dollars unless otherwise noted)
Stock Symbol: AEM (NYSE and TSX)
Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) (“Agnico Eagle” or the “Company”) today reported quarterly net income of $189.6 million or net income of $0.78 per share, for the second quarter of 2021.  This result includes non-cash mark-to-market gains on warrants of $15.9 million ( $0.07 per share), foreign currency translation gains on deferred tax liabilities of $9.3 million ( $0.04 per share), derivative gains on financial instruments of $1.8 million ( $0.01 per share), non-cash foreign currency translation losses of $2.4 million ( $0.01 per share) and various other adjustment losses of $2.7 million ( $0.02 per share).  Excluding these items would result in adjusted net income 1 of $167.7 million or $0.69 per share for the second quarter of 2021.  For the second quarter of 2020, the Company reported net income of $105.3 million or net income of $0.44 per share.

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