Agnico Eagle reports Q3 EPS $2.16, consensus $1.96

Reports Q3 revenue $3.06B, consensus $2.97B. Reports Q3: Payable gold production was 866,936 ounces at production costs per ounce of $963, total cash costs per ounce of $994 and all-in sustaining costs (“AISC”) per ounce of $1,373. “We delivered another quarter of strong and consistent operational performance, which translated into record financial results as higher gold prices continue to drive expanded margins. With solid year-to-date performance, we are well on track to meet our full year production and cost guidance, supported by disciplined cost management and a focus on productivity,” said Ammar Al-Joundi, Agnico Eagle’s (AEM) President and Chief Executive Officer. “With the record free cash flow generation year-to-date and a strengthened financial position, we continue to advance our five key pipeline projects and create value through the drill bit. We remain disciplined in our approach to capital allocation and we continue to provide strong returns to our shareholders through dividends and share buybacks.”