Agnico Eagle reports Q1 adjusted EPS $1.53, consensus $1.38

Payable gold production was 873,794 ounces at production costs per ounce of $879, total cash costs per ounce of $903 and all-in sustaining costs per ounce of $1,183. “We’ve had an excellent start to the year with another quarter of strong operating and financial results. This performance has allowed us to further strengthen our balance sheet and has positioned us well for the remainder of the year,” said Ammar Al-Joundi, Agnico Eagle’s (AEM) president and CEO. “We remain focused on execution and cost control to continue delivering expanding operating margins in a rising gold price environment. This enables us to reinvest in the business through exploration and the advancement of our five key pipeline projects, while continuing to strengthen our financial position and increase returns to shareholders,” added Al-Joundi.