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BRIEF-Agnico Eagle Reports Q4 Loss Per Share $1.68

Published 2019-02-14, 05:19 p/m
BRIEF-Agnico Eagle Reports Q4 Loss Per Share $1.68
AEM
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Feb 14 (Reuters) - Agnico Eagle Mines Ltd AEM.TO :

* AGNICO EAGLE REPORTS FOURTH QUARTER AND FULL YEAR 2018 RESULTS - THREE-YEAR GUIDANCE OUTLINES GROWING PRODUCTION WITH STABLE TO DECLINING UNIT COSTS; MELIADINE MILL COMMISSIONING UNDERWAY WITH PROJECT AHEAD OF SCHEDULE AND UNDER BUDGET; YEAR-OVER-YEAR INC

* Q4 ADJUSTED EARNINGS PER SHARE $0.14 EXCLUDING ITEMS

* Q4 LOSS PER SHARE $1.68

* Q4 EARNINGS PER SHARE ESTIMATE $0.03 -- REFINITIV IBES DATA

* QTRLY DIVIDEND INCREASED BY 14% - A QUARTERLY DIVIDEND OF $0.125 PER SHARE HAS BEEN DECLARED

* GOLD PRODUCTION FORECAST FOR 2019 IS NOW 1.75 MILLION OUNCES, COMPARED TO MOST RECENT GUIDANCE OF 1.70 MILLION OUNCES FOR 2019

* TOTAL CAPITAL EXPENDITURES (INCLUDING SUSTAINING CAPITAL) FOR FULL YEAR 2018 WERE $1.07 BILLION, COMPARED TO GUIDANCE OF $1.08 BILLION

* AGNICO EAGLE MINES - MID-POINT OF GOLD PRODUCTION GUIDANCE FOR 2020 IS UNCHANGED AT 2.0 MILLION OUNCES

* AGNICO EAGLE MINES - MID-POINT OF GOLD PRODUCTION GUIDANCE FOR 2021 IS 2.05 MILLION OUNCES

* UNIT COSTS EXPECTED TO BE STABLE TO DECLINING THROUGH 2021 AS GOLD PRODUCTION INCREASES

* TOTAL CAPITAL EXPENDITURES ARE FORECAST TO BE APPROXIMATELY $660 MILLION IN 2019

* AGNICO EAGLE MINES - COMPANY EXPECTS THAT TOTAL FUTURE GROWTH AND SUSTAINING CAPITAL EXPENDITURES IN 2020 AND 2021 COULD BE IN RANGE OF $500 TO $700 MILLION PER YEAR

* PAYABLE GOLD PRODUCTION IN THE FOURTH QUARTER OF 2018 WAS 410,712 OUNCES AT PRODUCTION COSTS PER OUNCE OF $693

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