![]() ![]() ![]() Operational performance drives strong quarterly financial results – The Company reported quarterly net income of $0.66 per share in the second quarter of 2023, with adjusted net income 4 of $0.65 per share.Payable gold production 1 in the second quarter of 2023 was 873,204 ounces at production costs per ounce of $851, total cash costs per ounce 2 of $840 and all-in sustaining costs ("AISC") per ounce 3 of $1,150 Record quarterly gold production and solid cost performance – Record quarterly gold production reflects 100% ownership of Canadian Malartic for the full quarter, combined with a strong operational performance at all producing sites.Finally, in the second quarter, we had strong exploration results from Detour, Meliadine, Kittila and at Hope Bay, with the intersection of higher grade mineralization at the Madrid deposit," added Mr. We expect to report the results of these ongoing studies through the first half of 2024. We continue to advance the various studies of our key pipeline projects in the Abitibi Gold Belt, with the objective of leveraging our existing infrastructure and generating value for our shareholders. "In June we released an update on the Odyssey project at Canadian Malartic, which highlighted an improved production profile, a mine life extension to 2042 and a significant geological upside. I would also like to commend our team for one of the best quarterly safety performances in the Company's history," said Ammar Al-Joundi, Agnico Eagle's President and Chief Executive Officer. With this excellent start to the year, we are tracking very well to meet our annual production and cost guidance. "Agnico Eagle delivered another strong operational quarter, with record quarterly gold production and better than expected costs driving solid financial results. dollars unless otherwise noted)Īgnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) ("Agnico Eagle" or the "Company") today reported financial and operating results for the second quarter of 2023. ![]()
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