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Agnico-Eagle Mines Limited
Agnico-Eagle reports 2008 results; Record quarterly and annual gold production; Record gold reserves and resources
March 6th, 2009
Agnico-Eagle Mines Limited ("Agnico-Eagle" or the "Company") reported quarterly net income of $21.9 million, or $0.15 per share for the fourth quarter of 2008. This result includes a non-cash foreign currency translation gain of $51.5 million, or $0.35 per share, and a tax recovery of $11.1 million, or $0.07 per share, offset partly by a non-cash writedown of investments of $39.2 million, or $0.27 per share. In the fourth quarter of 2007, the Company reported net income of $65.2 million, or $0.46 per share. Fourth quarter 2008 cash used by operating activities was $46.4 million (net of a change in working capital of minus $52.1 million), down from cash provided by...
Source: Health Business Week (2009-03-06)
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