BRIEF-Agnico Eagle Q4 adjusted EPS $0.25 excluding items

Thu, 13 Feb - 11:26am

Feb 12 (Reuters) - Agnico Eagle Mines Ltd AEM.TO :

* Reports fourth quarter and full year 2013 results - strong operational

performance yields record annual production

* Q4 adjusted earnings per share $0.25 excluding items

* Q4 loss per share $2.61

* Says 2013 full year payable gold production of 1,099,335 ounces at total cash

costs of $672 per ounce

* In 2014, payable gold production is expected to be within the range of 1.2

million ounces to 1.2 million ounces

* Total cash costs per ounce in 2014 are expected to be in the range of $670 to

$690

* Says Q4 payable gold production of 322,443 ounces at a total cash cost of

$623 per ounce in the fourth quarter of 2013

* Says all-in sustaining costs for 2013 of $952 per ounce

* Says production is expected to sequentially increase to approximately

1,275,000 ounces in 2016

* Says all-in sustaining costs for 2014 are expected to be approximately $990

per ounc

* Says expects to fund 2014 capital expenditures, estimated to total about $416

million, from operating cash flow

* Says capital expenditures in 2015 are expected to decline slightly from 2014

levels

* Have decided to reduce our quarterly dividend to enhance our financial

flexibility in the current lower gold price environment "

* Says Q4 revenues from mining operations $437.2 million versus $449.4 million

* Source text for Eikon News Search ID:nPnbvbh0n

* Further company coverage AEM.TO

((Bangalore Newsroom; +1 646 223 8780))

URN: 
urn:newsml:reuters.com:20140213:nASA08RVA:16
Topics: 
RES MET CMPNY CA PREC COM MINE BLR METL LEN RTRS BACT MIN DIV GDM RESF BMAT MTAL AMERS

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