Agnico Eagle reported its second quarter 2013 results in July 2013. Q2 gold production was 224,089 ounces at total cash costs of $785 per ounce, in line with expectations. Financial results were impacted by lower commodity prices, a maintenance shutdown at the Kittila mine, and concentrate settlement adjustments. The company announced significant capital and cost reductions of approximately $50 million in 2013 and $200 million in 2014 while maintaining production guidance for 2013 to 2015.
The document provides an overview of Agnico Eagle Mines Ltd's corporate update for September 2013. It includes forward-looking statements and notes of caution about factors that could affect the company's projections. Highlights include Q2 2013 gold production of 224,089 ounces at total cash costs of $785 per ounce. Financial results were impacted by lower commodity prices and a maintenance shutdown at the Kittila mine. The company announced significant capital and cost reductions for 2013-2014 while maintaining production guidance. Key projects discussed include the LaRonde cooling plant expansion, drilling at Lapa and Zulapa, the Kittila autoclave restart, and development projects at La India and Goldex scheduled to begin production in late 2013.
Raymond James 35th Annual Institutional Investors ConferenceAgnico Eagle Mines
Raymond James 35th Annual Institutional Investors Conference presentation by Agnico Eagle Mines President and CEO Sean Boyd:
1) Agnico Eagle reported record annual gold production in 2013 of 1.1 million ounces at a total cash cost of $672 per ounce, lower than guidance.
2) Production is forecast to grow moderately through 2016 to 1.25 million ounces annually, from assets located in mining-friendly jurisdictions.
3) Capital spending is projected to remain below $1 billion annually through 2014-2016 to fund production growth from existing operations.
The document provides an overview of Agnico Eagle Mines Limited's fourth quarter and full year 2013 results. Some key points:
- Record annual gold production of 1.10 million ounces, exceeding guidance of 1.06 million ounces. Total cash costs were $672 per ounce, below guidance of $690.
- Commercial production was declared at the Goldex mine and commissioning is on track at La India.
- A non-cash impairment charge of $436 million was recorded due to the lower gold price environment. The quarterly dividend was also reduced.
- Production is expected to grow moderately through 2016 according to estimates. Capital expenditures are projected to remain at manageable levels.
- Pro
The document provides an overview of Agnico Eagle Mines Limited's Denver Gold Forum presentation in September 2013. It discusses forward-looking statements and risks, notes to investors regarding non-GAAP financial measures and production guidance, and provides summaries of each of Agnico Eagle's mine sites highlighting reserves, resources, production profiles, and capital expenditure plans. The presentation focuses on Agnico Eagle's strategies to adapt to the current volatile gold market through cost reductions, production growth, and maintaining financial flexibility.
Scotiabank held its Latin American Mining Conference in June 2013. Agnico Eagle provided an overview of its operating results for the first quarter of 2013, its financial position, and growth plans. Production and costs were in line with expectations for the quarter. Agnico Eagle is on track to produce 990,000 ounces of gold in 2013. The company has a strong financial position with $264 million in cash and $1.2 billion in available credit facilities. Agnico Eagle is pursuing moderate, achievable production growth through 2023, funded by disciplined capital allocation.
- The document provides details of Primero's Q2 2013 financial results conference call and webcast scheduled for August 9, 2013.
- It includes forward-looking statements and cautions that actual results may differ due to risks and uncertainties in the business.
- Primero had solid Q2 results in line with targets, with the Young-Davidson mine ramping up underground operations as planned using highly productive mining methods.
- Agnico Eagle provided a corporate update for Q1 2013, noting production and costs were on track with expectations. Key highlights included 236,975 ounces of gold produced at a total cash cost of $740 per ounce.
- Goldex is expected to produce ahead of schedule, with 15,000 ounces in Q4 2013. La India is also ahead of schedule, with commissioning beginning in late Q4 2013 and commercial production in Q1 2014.
- 2013 production guidance remains unchanged at 990,000 ounces of gold. The company expects to generate free cash flow in 2013 with a strong financial position and $264 million in cash and cash equivalents.
Agnico Eagle Mines reported first quarter 2013 results with gold production of 236,975 ounces at a total cash cost of $740 per ounce. Cash flow from operations was $146 million. Production and costs were in line with expectations. The company's Goldex and La India projects remain ahead of schedule with initial production expected in Q4 2013 and commissioning beginning late Q4 2013 respectively. Kittila's scheduled mill maintenance was extended resulting in reduced 2013 production estimates.
The document provides an overview of Agnico Eagle Mines Ltd's corporate update for September 2013. It includes forward-looking statements and notes of caution about factors that could affect the company's projections. Highlights include Q2 2013 gold production of 224,089 ounces at total cash costs of $785 per ounce. Financial results were impacted by lower commodity prices and a maintenance shutdown at the Kittila mine. The company announced significant capital and cost reductions for 2013-2014 while maintaining production guidance. Key projects discussed include the LaRonde cooling plant expansion, drilling at Lapa and Zulapa, the Kittila autoclave restart, and development projects at La India and Goldex scheduled to begin production in late 2013.
Raymond James 35th Annual Institutional Investors ConferenceAgnico Eagle Mines
Raymond James 35th Annual Institutional Investors Conference presentation by Agnico Eagle Mines President and CEO Sean Boyd:
1) Agnico Eagle reported record annual gold production in 2013 of 1.1 million ounces at a total cash cost of $672 per ounce, lower than guidance.
2) Production is forecast to grow moderately through 2016 to 1.25 million ounces annually, from assets located in mining-friendly jurisdictions.
3) Capital spending is projected to remain below $1 billion annually through 2014-2016 to fund production growth from existing operations.
The document provides an overview of Agnico Eagle Mines Limited's fourth quarter and full year 2013 results. Some key points:
- Record annual gold production of 1.10 million ounces, exceeding guidance of 1.06 million ounces. Total cash costs were $672 per ounce, below guidance of $690.
- Commercial production was declared at the Goldex mine and commissioning is on track at La India.
- A non-cash impairment charge of $436 million was recorded due to the lower gold price environment. The quarterly dividend was also reduced.
- Production is expected to grow moderately through 2016 according to estimates. Capital expenditures are projected to remain at manageable levels.
- Pro
The document provides an overview of Agnico Eagle Mines Limited's Denver Gold Forum presentation in September 2013. It discusses forward-looking statements and risks, notes to investors regarding non-GAAP financial measures and production guidance, and provides summaries of each of Agnico Eagle's mine sites highlighting reserves, resources, production profiles, and capital expenditure plans. The presentation focuses on Agnico Eagle's strategies to adapt to the current volatile gold market through cost reductions, production growth, and maintaining financial flexibility.
Scotiabank held its Latin American Mining Conference in June 2013. Agnico Eagle provided an overview of its operating results for the first quarter of 2013, its financial position, and growth plans. Production and costs were in line with expectations for the quarter. Agnico Eagle is on track to produce 990,000 ounces of gold in 2013. The company has a strong financial position with $264 million in cash and $1.2 billion in available credit facilities. Agnico Eagle is pursuing moderate, achievable production growth through 2023, funded by disciplined capital allocation.
- The document provides details of Primero's Q2 2013 financial results conference call and webcast scheduled for August 9, 2013.
- It includes forward-looking statements and cautions that actual results may differ due to risks and uncertainties in the business.
- Primero had solid Q2 results in line with targets, with the Young-Davidson mine ramping up underground operations as planned using highly productive mining methods.
- Agnico Eagle provided a corporate update for Q1 2013, noting production and costs were on track with expectations. Key highlights included 236,975 ounces of gold produced at a total cash cost of $740 per ounce.
- Goldex is expected to produce ahead of schedule, with 15,000 ounces in Q4 2013. La India is also ahead of schedule, with commissioning beginning in late Q4 2013 and commercial production in Q1 2014.
- 2013 production guidance remains unchanged at 990,000 ounces of gold. The company expects to generate free cash flow in 2013 with a strong financial position and $264 million in cash and cash equivalents.
Agnico Eagle Mines reported first quarter 2013 results with gold production of 236,975 ounces at a total cash cost of $740 per ounce. Cash flow from operations was $146 million. Production and costs were in line with expectations. The company's Goldex and La India projects remain ahead of schedule with initial production expected in Q4 2013 and commissioning beginning late Q4 2013 respectively. Kittila's scheduled mill maintenance was extended resulting in reduced 2013 production estimates.
Agnico Eagle provides a corporate update and discusses its second quarter 2013 results. Key points include:
- Production for Q2 was 224,089 ounces of gold at total cash costs of $785 per ounce, in line with expectations. Financial results were impacted by lower commodity prices and a maintenance shutdown at the Kittila mine.
- Significant capital and cost reductions of approximately $50 million in 2013 and $200 million in 2014 are planned, while production guidance for 2013-2015 is maintained.
- Production is expected to increase in the second half of 2013 due to the resumption of normal operations at Kittila and anticipated improvements in grades at Meadowbank and LaRonde mines.
- Agnico Eagle reported record quarterly gold production of 315,828 ounces at a total cash cost of $591 per ounce in Q3 2013.
- Production and cost guidance for 2013 was increased and decreased, respectively, with production now expected to be approximately 1,060,000 ounces of gold at a total cash cost of approximately $690 per ounce.
- Key factors contributing to the strong results included record quarterly production at Meadowbank and improved costs across all operations driven by ongoing cost reduction initiatives.
Agnico Eagle Mines Limited is a gold mining company with operations in Canada, Finland, and Mexico. It is focused on building a high quality, manageable gold business in challenging times. Agnico Eagle has delivered record quarterly gold production in Q3 2013 at a low total cash cost of $591/oz. The company has improved its 2013 production and cost guidance and expects moderate, achievable production growth through 2015 as new projects come online. Agnico Eagle has adequate financial flexibility with a strong balance sheet and available credit facilities to execute its growth plans.
Scotia building a high quality manageable gold business in challenging timesAgnico Eagle Mines
Agnico Eagle Mines is preparing to begin commercial production at its La India gold mine in Mexico in Q1 2014, ahead of schedule and on budget. La India is expected to produce approximately 90,000 ounces of gold per year at total cash costs of $500 per ounce. The project was commissioned just 22 months after Agnico Eagle acquired it in 2011 for $157.6 million. La India adds a new source of low-cost gold production in Mexico for Agnico Eagle.
The document provides an update on Agnico Eagle Mines for August 2016. It includes forward-looking statements and notes of caution regarding the use of non-GAAP measures in financial presentations. The update discusses Agnico Eagle's consistent strategy of production growth, high quality gold reserves with above peer average grades, strong balance sheet, and exploration as a value driver. It also provides highlights on recent operational and financial results and production guidance into 2019 and beyond.
49 north conference building a high quality manageable gold business in cha...Agnico Eagle Mines
David Smith, CFO of Agnico Eagle Mines Ltd., presented at the 49 North Resource Conference in San Francisco on December 5, 2013. He discussed Agnico Eagle's improved gold production guidance for 2013, reduced costs, and plans to further improve cash flow generation in 2014. Smith also highlighted Agnico Eagle's portfolio of long-life, low-cost mines in politically stable jurisdictions, moderate production growth outlook, and strong financial position providing flexibility to execute its business plan.
Lundin Gold provided a corporate presentation in June 2021 that included the following key points:
- The company is on track to meet 2021 production guidance of 380,000-420,000 ounces of gold.
- Probable gold reserves at Fruta del Norte increased 5% to 5.24 million ounces.
- Exploration drilling is ongoing to expand resources at Fruta del Norte and test regional targets.
- Construction projects and the mill throughput expansion remain on schedule.
- Lundin Gold provided a corporate presentation in May 2021 that included cautionary statements regarding forward-looking information and statements, noting inherent risks and uncertainties.
- The presentation highlighted operational excellence, reserve growth through conversion to long hole stoping, the throughput expansion project, and regional exploration programs.
- In Q1 2021 Lundin Gold produced over 51,000 ounces of gold and remained on track to meet 2021 production guidance.
- Lundin Gold provided a corporate presentation in May 2021 that included cautionary statements regarding forward-looking information and statements, noting inherent risks and uncertainties.
- The presentation highlighted operational excellence, reserve growth through conversion to long hole stoping, the throughput expansion project, and regional exploration programs.
- In Q1 2021 Lundin Gold produced over 51,000 ounces of gold and remained on track to meet 2021 production guidance.
Stornoway Diamond Corporation is developing Québec's first diamond mine called the Renard Project. The document provides an overview and update on the construction progress of the mine. Key details include:
- The mine has received full permitting and financing of $946 million Canadian dollars to fund construction and bring the mine into production in the second half of 2016.
- Based on feasibility studies, the mine is expected to produce an average of 1.6 million carats of diamonds per year over an 11 year mine life from its 17.9 million carat mineral reserve.
Stornoway Corporate Update Presentation January 22, 2015Stornoway Diamonds
Stornoway Diamond Corporation is building Québec's first diamond mine called the Renard Diamond Project. The document discusses Stornoway fully financing the construction of the mine through a $946 million financing transaction in July 2014. The Renard mine is expected to begin production in the second half of 2016 and generate substantial cash flow over its projected 11-year mine life based on current base case economics.
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1) Agnico Eagle outlined its strategy for managing a quality gold business in a challenging price environment, focusing on low-cost production growth and financial flexibility.
2) The company expects production to increase moderately from 1.06 million ounces in 2013 to over 1.2 million ounces by 2015 through projects in Canada, Mexico, and Finland.
3) Agnico Eagle has adequate cash reserves and available credit to fund its capital expenditures budget and continued moderate production growth while maintaining a manageable debt level.
- The document provides an overview of AuRico Gold's Q1 2013 financial results conference call and webcast scheduled for May 10, 2013.
- It includes forward-looking statements and cautions that actual results may differ from projections. Factors like commodity prices, exchange rates, reserves, costs and economic conditions could affect results.
- Highlights from Q1 2013 include $1 billion in proceeds from portfolio optimization, a strong balance sheet, and the Young-Davidson mine ramp-up on track.
New gold denver gold forum september 24 27, 2017newgold2011
New Gold's corporate presentation outlines its strategic focus on long-term shareholder value creation through its Canadian assets, low-cost growth, and disciplined management of capital resources. Key points include advancing the Rainy River project, which began production in September 2017 and is on schedule, as well as long-term growth opportunities through projects like New Afton C-Zone, Blackwater, and Rimfire that provide a pipeline of development options. New Gold also maintains a strong liquidity position and recently restructured its debt for increased financial flexibility.
The document provides an update on Hecla Mining Company from March 2015. It highlights Hecla's financial strength and upside potential from its quality assets. Some key points include record revenue, production, and reserves in 2014. It also outlines Hecla's expectations for 2015, including silver and gold production and cash costs by mine. The document emphasizes factors that differentiate Hecla, such as its high-grade mines, strong cash flow generation, and low-risk jurisdiction. It provides details on the historical performance of Hecla's flagship Greens Creek mine.
Agnico Eagle reported strong results for the second quarter of 2016, including:
- Gold production of 408,932 ounces at total cash costs of $592 per ounce
- Increased 2016 production guidance to 1.58-1.6 million ounces at lower costs
- Repaid $210 million credit facility balance and $20 million loan, reducing net debt to $742 million
- Declared a 25% increased quarterly dividend to $0.10 per share
Agnico Eagle plans to acquire Cayden Resources, an exploration company with properties in Mexico, for approximately C$205 million. The key asset being acquired is the El Barqueño property in Jalisco State, which has shown potential for multiple gold deposits along an 8km strike length based on drilling to date. Agnico Eagle expects to begin a C$10-15 million exploration program at El Barqueño in 2015 with the goal of outlining a maiden resource. The acquisition is expected to enhance Agnico Eagle's growth in Mexico and provide an opportunity to establish a new operating base.
Agnico-Eagle Mines Limited provided forward-looking statements and information regarding its third quarter 2011 results. The document notes that certain statements constitute forward-looking statements that are subject to risks and uncertainties. It then provides a summary of production and financial results for the third quarter, including record gold production at Pinos Altos and record throughput at Kittila and Meadowbank. The document also notes that Goldex operations have been suspended indefinitely.
1) Agnico Eagle Mines Limited is a gold producer focused on delivering total shareholder return through growing gold reserves and production in mining friendly regions.
2) In the first half of 2012, Agnico Eagle had record gold production and strong earnings and cash flow that continued to strengthen its balance sheet.
3) Agnico Eagle's operations and projects include LaRonde, Lapa, Kittila, Pinos Altos, La India, Meadowbank, and Meliadine, which are expected to provide measured production growth into the future.
Agnico-Eagle Mines Limited reported strong second quarter 2012 results, with record quarterly gold production from currently operating mines of 265,350 ounces at total cash costs of $660 per ounce. Cash provided by operating activities was a record $194 million for the quarter. Production guidance for 2012 was increased to approximately 975,000 ounces of gold. The company has a portfolio of quality, long-life mines that continue to perform well and provide low-risk production growth from existing assets. Significant exploration upside and reserve growth have been demonstrated at the company's 100%-owned assets.
The document provides an update on Agnico-Eagle Mines' operations for August 18, 2011. It summarizes production highlights and challenges at each of its mine sites, including steady performance but narrow stopes at LaRonde, record throughput but soil subsidence issues at Goldex, continued strong performance at Lapa, and improvements in throughput and cost reductions at Meadowbank following the start-up of its secondary crushing plant. Exploration results are also promising at depth for Goldex and Meliadine. Challenges discussed include mining conditions, water management, and high costs.
Agnico Eagle provides a corporate update and discusses its second quarter 2013 results. Key points include:
- Production for Q2 was 224,089 ounces of gold at total cash costs of $785 per ounce, in line with expectations. Financial results were impacted by lower commodity prices and a maintenance shutdown at the Kittila mine.
- Significant capital and cost reductions of approximately $50 million in 2013 and $200 million in 2014 are planned, while production guidance for 2013-2015 is maintained.
- Production is expected to increase in the second half of 2013 due to the resumption of normal operations at Kittila and anticipated improvements in grades at Meadowbank and LaRonde mines.
- Agnico Eagle reported record quarterly gold production of 315,828 ounces at a total cash cost of $591 per ounce in Q3 2013.
- Production and cost guidance for 2013 was increased and decreased, respectively, with production now expected to be approximately 1,060,000 ounces of gold at a total cash cost of approximately $690 per ounce.
- Key factors contributing to the strong results included record quarterly production at Meadowbank and improved costs across all operations driven by ongoing cost reduction initiatives.
Agnico Eagle Mines Limited is a gold mining company with operations in Canada, Finland, and Mexico. It is focused on building a high quality, manageable gold business in challenging times. Agnico Eagle has delivered record quarterly gold production in Q3 2013 at a low total cash cost of $591/oz. The company has improved its 2013 production and cost guidance and expects moderate, achievable production growth through 2015 as new projects come online. Agnico Eagle has adequate financial flexibility with a strong balance sheet and available credit facilities to execute its growth plans.
Scotia building a high quality manageable gold business in challenging timesAgnico Eagle Mines
Agnico Eagle Mines is preparing to begin commercial production at its La India gold mine in Mexico in Q1 2014, ahead of schedule and on budget. La India is expected to produce approximately 90,000 ounces of gold per year at total cash costs of $500 per ounce. The project was commissioned just 22 months after Agnico Eagle acquired it in 2011 for $157.6 million. La India adds a new source of low-cost gold production in Mexico for Agnico Eagle.
The document provides an update on Agnico Eagle Mines for August 2016. It includes forward-looking statements and notes of caution regarding the use of non-GAAP measures in financial presentations. The update discusses Agnico Eagle's consistent strategy of production growth, high quality gold reserves with above peer average grades, strong balance sheet, and exploration as a value driver. It also provides highlights on recent operational and financial results and production guidance into 2019 and beyond.
49 north conference building a high quality manageable gold business in cha...Agnico Eagle Mines
David Smith, CFO of Agnico Eagle Mines Ltd., presented at the 49 North Resource Conference in San Francisco on December 5, 2013. He discussed Agnico Eagle's improved gold production guidance for 2013, reduced costs, and plans to further improve cash flow generation in 2014. Smith also highlighted Agnico Eagle's portfolio of long-life, low-cost mines in politically stable jurisdictions, moderate production growth outlook, and strong financial position providing flexibility to execute its business plan.
Lundin Gold provided a corporate presentation in June 2021 that included the following key points:
- The company is on track to meet 2021 production guidance of 380,000-420,000 ounces of gold.
- Probable gold reserves at Fruta del Norte increased 5% to 5.24 million ounces.
- Exploration drilling is ongoing to expand resources at Fruta del Norte and test regional targets.
- Construction projects and the mill throughput expansion remain on schedule.
- Lundin Gold provided a corporate presentation in May 2021 that included cautionary statements regarding forward-looking information and statements, noting inherent risks and uncertainties.
- The presentation highlighted operational excellence, reserve growth through conversion to long hole stoping, the throughput expansion project, and regional exploration programs.
- In Q1 2021 Lundin Gold produced over 51,000 ounces of gold and remained on track to meet 2021 production guidance.
- Lundin Gold provided a corporate presentation in May 2021 that included cautionary statements regarding forward-looking information and statements, noting inherent risks and uncertainties.
- The presentation highlighted operational excellence, reserve growth through conversion to long hole stoping, the throughput expansion project, and regional exploration programs.
- In Q1 2021 Lundin Gold produced over 51,000 ounces of gold and remained on track to meet 2021 production guidance.
Stornoway Diamond Corporation is developing Québec's first diamond mine called the Renard Project. The document provides an overview and update on the construction progress of the mine. Key details include:
- The mine has received full permitting and financing of $946 million Canadian dollars to fund construction and bring the mine into production in the second half of 2016.
- Based on feasibility studies, the mine is expected to produce an average of 1.6 million carats of diamonds per year over an 11 year mine life from its 17.9 million carat mineral reserve.
Stornoway Corporate Update Presentation January 22, 2015Stornoway Diamonds
Stornoway Diamond Corporation is building Québec's first diamond mine called the Renard Diamond Project. The document discusses Stornoway fully financing the construction of the mine through a $946 million financing transaction in July 2014. The Renard mine is expected to begin production in the second half of 2016 and generate substantial cash flow over its projected 11-year mine life based on current base case economics.
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1) Agnico Eagle outlined its strategy for managing a quality gold business in a challenging price environment, focusing on low-cost production growth and financial flexibility.
2) The company expects production to increase moderately from 1.06 million ounces in 2013 to over 1.2 million ounces by 2015 through projects in Canada, Mexico, and Finland.
3) Agnico Eagle has adequate cash reserves and available credit to fund its capital expenditures budget and continued moderate production growth while maintaining a manageable debt level.
- The document provides an overview of AuRico Gold's Q1 2013 financial results conference call and webcast scheduled for May 10, 2013.
- It includes forward-looking statements and cautions that actual results may differ from projections. Factors like commodity prices, exchange rates, reserves, costs and economic conditions could affect results.
- Highlights from Q1 2013 include $1 billion in proceeds from portfolio optimization, a strong balance sheet, and the Young-Davidson mine ramp-up on track.
New gold denver gold forum september 24 27, 2017newgold2011
New Gold's corporate presentation outlines its strategic focus on long-term shareholder value creation through its Canadian assets, low-cost growth, and disciplined management of capital resources. Key points include advancing the Rainy River project, which began production in September 2017 and is on schedule, as well as long-term growth opportunities through projects like New Afton C-Zone, Blackwater, and Rimfire that provide a pipeline of development options. New Gold also maintains a strong liquidity position and recently restructured its debt for increased financial flexibility.
The document provides an update on Hecla Mining Company from March 2015. It highlights Hecla's financial strength and upside potential from its quality assets. Some key points include record revenue, production, and reserves in 2014. It also outlines Hecla's expectations for 2015, including silver and gold production and cash costs by mine. The document emphasizes factors that differentiate Hecla, such as its high-grade mines, strong cash flow generation, and low-risk jurisdiction. It provides details on the historical performance of Hecla's flagship Greens Creek mine.
Agnico Eagle reported strong results for the second quarter of 2016, including:
- Gold production of 408,932 ounces at total cash costs of $592 per ounce
- Increased 2016 production guidance to 1.58-1.6 million ounces at lower costs
- Repaid $210 million credit facility balance and $20 million loan, reducing net debt to $742 million
- Declared a 25% increased quarterly dividend to $0.10 per share
Agnico Eagle plans to acquire Cayden Resources, an exploration company with properties in Mexico, for approximately C$205 million. The key asset being acquired is the El Barqueño property in Jalisco State, which has shown potential for multiple gold deposits along an 8km strike length based on drilling to date. Agnico Eagle expects to begin a C$10-15 million exploration program at El Barqueño in 2015 with the goal of outlining a maiden resource. The acquisition is expected to enhance Agnico Eagle's growth in Mexico and provide an opportunity to establish a new operating base.
Agnico-Eagle Mines Limited provided forward-looking statements and information regarding its third quarter 2011 results. The document notes that certain statements constitute forward-looking statements that are subject to risks and uncertainties. It then provides a summary of production and financial results for the third quarter, including record gold production at Pinos Altos and record throughput at Kittila and Meadowbank. The document also notes that Goldex operations have been suspended indefinitely.
1) Agnico Eagle Mines Limited is a gold producer focused on delivering total shareholder return through growing gold reserves and production in mining friendly regions.
2) In the first half of 2012, Agnico Eagle had record gold production and strong earnings and cash flow that continued to strengthen its balance sheet.
3) Agnico Eagle's operations and projects include LaRonde, Lapa, Kittila, Pinos Altos, La India, Meadowbank, and Meliadine, which are expected to provide measured production growth into the future.
Agnico-Eagle Mines Limited reported strong second quarter 2012 results, with record quarterly gold production from currently operating mines of 265,350 ounces at total cash costs of $660 per ounce. Cash provided by operating activities was a record $194 million for the quarter. Production guidance for 2012 was increased to approximately 975,000 ounces of gold. The company has a portfolio of quality, long-life mines that continue to perform well and provide low-risk production growth from existing assets. Significant exploration upside and reserve growth have been demonstrated at the company's 100%-owned assets.
The document provides an update on Agnico-Eagle Mines' operations for August 18, 2011. It summarizes production highlights and challenges at each of its mine sites, including steady performance but narrow stopes at LaRonde, record throughput but soil subsidence issues at Goldex, continued strong performance at Lapa, and improvements in throughput and cost reductions at Meadowbank following the start-up of its secondary crushing plant. Exploration results are also promising at depth for Goldex and Meliadine. Challenges discussed include mining conditions, water management, and high costs.
Agnico-Eagle Mines Limited reported its third quarter 2012 results in October 2012. The company achieved record quarterly gold production of 286,971 ounces at total cash costs of $556 per ounce. Cash flow from operations was also a record at $199 million for the quarter. Agnico increased its 2012 gold production guidance to approximately 1,025,000 ounces and lowered its total cash cost guidance to approximately $660 per ounce. The company's portfolio of long-life mines continued to perform well, and it expects low political risk and meaningful production growth from existing assets.
The document announces a joint offer by Agnico Eagle Mines Limited, Yamana Gold Inc., and Osisko Mining Corporation to acquire Osisko's outstanding common shares, valued at C$3.9 billion. Under the offer, Agnico Eagle and Yamana will become equal partners in Osisko's Canadian Malartic mine and Kirkland Lake and Hammond Reef projects. The transaction aims to create a powerful strategic partnership and solidify the companies as leaders in the mid-tier gold space. The offer of C$8.15 per share provides superior value to Osisko shareholders compared to Goldcorp's existing hostile bid.
The document provides an overview of Agnico Eagle Mines Limited's corporate update presentation from April 9, 2014. Some key points from the presentation include: Agnico reported record annual gold production of 1.10 million ounces in 2013, beating guidance, with total cash costs of $672/oz, also below guidance. For 2014, Agnico is forecasting further production growth of 16% through 2016, funded by capital expenditures expected to be $416 million. Cash costs and all-in sustaining costs for 2014 are expected to be approximately $678/oz and $990/oz, respectively.
Agnico Eagle reported its second quarter 2013 results. Gold production was in line with expectations at 224,089 ounces, while total cash costs were $785 per ounce. The financial results were impacted by lower commodity prices, a maintenance shutdown at the Kittila mine, and concentrate settlement adjustments. Significant capital and cost reductions of approximately $50 million in 2013 and $200 million in 2014 were announced, while production guidance for 2013 to 2015 was maintained.
Agnico Eagle Mines reported first quarter 2013 results with gold production of 236,975 ounces at a total cash cost of $740 per ounce. Cash flow from operations was $146 million. Production and costs were in line with expectations. The company's Goldex and La India projects remain ahead of schedule with initial production expected in Q4 2013 and commissioning beginning late Q4 2013 respectively. Kittila's scheduled mill maintenance was extended resulting in reduced 2013 production estimates.
This corporate presentation provides an overview of Detour Gold Corporation as Canada's next intermediate gold producer. Detour Gold's key asset is the Detour Lake Mine in Ontario, which has proven and probable reserves of 15.6 million ounces of gold. The presentation outlines Detour Gold's objectives to deliver strong operational performance at Detour Lake, generate positive cash flows, and use cash flows to fund future growth. Detour Gold has made solid progress in 2013 by achieving its first gold pour in February, reaching commercial production at Detour Lake in August, and producing over 150,000 ounces of gold in the first nine months of the year.
- Aurico Gold reported its Q3 2013 financial results and held a conference call and webcast on November 8, 2013.
- In Q3 2013, Aurico produced 30,099 ounces of gold, achieving a fifth consecutive quarter of production growth.
- The Young-Davidson mine declared commercial underground production on October 31, 2013, and is expected to contribute significantly to future production growth.
- Aurico remains on track to achieve its 2013 guidance of producing between 190,000 to 220,000 ounces of gold.
- Detour Gold produced 505,558 ounces of gold in 2015, an 11% increase over 2014 production, meeting its production guidance.
- All-in sustaining costs declined by approximately 35% in 2015 compared to 2014, estimated at $1,040-1,060 per ounce sold for the year.
- Exploration drilling at Lower Detour returned encouraging results, confirming the continuity of gold mineralization along the Lower Detour trend to be further tested in 2016.
This document provides an overview of Detour Gold Corporation, a Canadian gold mining company. Some key points:
- Detour Gold operates the Detour Lake open pit gold mine in Ontario, Canada, which has proven and probable reserves of 15.6 million ounces of gold.
- Production at Detour Lake started in early 2013 and commercial production was reached in August 2013. The mine is expected to produce 270,000 ounces of gold in 2013.
- Detour Gold aims to grow reserves to over 20 million ounces through exploration and expansion of the Detour Lake mine area. The company sees potential for organic growth from its large land holdings in the region.
- Initial capital costs for Detour Lake were
BMO Capital Markets 26th Global Metals & Mining ConferenceAgnico Eagle Mines
- The document discusses Agnico Eagle's forward-looking statements and provides context for non-GAAP financial measures used. It notes key assumptions and risks that could impact projections.
- Agnico Eagle exceeded 2016 production guidance of 1.6 million ounces at total cash costs of $600 per ounce. Production was 1.66 million ounces at total cash costs of $573 per ounce.
- New four-year guidance forecasts production growth to over 2 million ounces in 2020 as the Amaruq and Meliadine projects come online. Costs are expected to decline as production increases.
This document provides an overview of Detour Gold Corporation, a Canadian gold mining company focused on its Detour Lake mine in Ontario, Canada. Detour Gold became a gold producer in 2013 after completing construction of its Detour Lake open pit mine, which contains over 15 million ounces of gold reserves. The company aims to become a leading intermediate gold producer through optimizing operations at Detour Lake, pursuing organic growth opportunities on its large land package, and prioritizing shareholder value and safe operations.
The document provides forward-looking statements and production guidance for Agnico Eagle at the BMO Capital Markets 24th Global Metals and Mining Conference in February 2015. It notes key assumptions used in projections, such as metal prices and exchange rates, and risks that could impact projections. It also provides context on non-GAAP terms used, such as total cash costs per ounce and minesite costs per tonne, and reconciles them to GAAP financial reporting. Finally, it states that the gold production guidance is based on mineral reserves but includes contingencies, and does not reconcile exactly to reserve models due to factors like metal price and exchange rate assumptions.
Corporate update John Tumazos Very Independent Research March 31, 2014Agnico Eagle Mines
Agnico Eagle provided a corporate update on March 31, 2014. Key highlights included record annual gold production in 2013 of 1.1 million ounces at total cash costs of $672 per ounce. Production is forecast to grow 16% through 2016 to 1.275 million ounces. Capital spending is expected to decline to $416 million in 2014. Cash costs and all-in sustaining costs are forecast to be $678 and $990 per ounce respectively in 2014, trending lower going forward. Agnico Eagle has a strong balance sheet with $170 million in cash and $1 billion in available credit to provide financial flexibility.
The document provides an overview of AuRico Gold's Q1 2013 financial results conference call and webcast. It includes forward-looking statements and cautions that actual results may differ from projections. Key highlights mentioned are proceeds of $1 billion from portfolio optimization, a reduced share count and exploration budget, and the Young-Davidson mine ramp-up being on target. The document also provides financial results summaries for continuing operations in Q1 2013 versus Q1 2012, as well as cash cost and production details for Young-Davidson and El Chanate mines. Adjusted net earnings are reconciled and commentary is provided by the President and CEO on the transformed company going forward.
- Newmont Mining Corporation reported second quarter 2013 earnings, with revenues of $2.0 billion and cash flow from continuing operations of $293 million.
- The company recorded a $1.8 billion impairment charge related to lower gold and copper pricing. Excluding this charge, production and costs were in line with expectations.
- Newmont is maintaining its 2013 production outlook but lowering its capital expenditure outlook by $200 million due to spending reductions. It is focusing on improving efficiency and developing only high-return projects to strengthen performance across commodity price cycles.
This corporate presentation provides an overview of Detour Gold Corporation as an intermediate Canadian gold producer. Some key highlights from 2016 include producing 394,253 ounces of gold at an all-in sustaining cost of $960 per ounce sold and reducing debt levels by 28%. The presentation discusses preliminary guidance for 2017 which forecasts gold production of 540,000-590,000 ounces at an AISC of $1,050-1,150 per ounce sold. It also provides an update on exploration prospects including the prospective Zone 58N and advancing work on the West Detour project.
Raymond James 38th Annual Institutional Investors ConferenceAgnico Eagle Mines
The document provides forward-looking statements and notes regarding Agnico Eagle's presentation at the Raymond James 38th Annual Institutional Investors Conference in March 2017. It discusses Agnico Eagle's solid production base, high quality long life assets, and proven value creating strategy. It also summarizes Agnico Eagle's 2016 operating and financial highlights, 2016 exploration and reserve highlights, and track record of meeting production guidance. Finally, it notes Agnico Eagle mined below its average reserve grade in 2016 and successfully replaced reserves and resources with grades remaining unchanged.
Macquarie 2015 Global Metals, Mining % Materials Conference, New YorkAgnico Eagle Mines
This document provides an overview of Agnico Eagle's presentation at the Macquarie 2015 Global Metals, Mining & Materials Conference on June 10-11, 2015. It discusses Agnico Eagle's assets in Nunavut, Finland, Mexico, and the Abitibi Region, which are focused in four low-risk mining jurisdictions. Production is forecast to be approximately 1.6 million ounces in 2015 at a cash cost of $618 per ounce. The presentation also highlights Agnico Eagle's reserve quality, production and cost profile, opportunities to enhance future production, 2014 reserve highlights, and exploration/development pipeline.
This document provides information about Detour Gold Corporation and its Detour Lake gold mine in Ontario, Canada. Some key points:
- Detour Lake is Detour Gold's sole asset, a large open-pit gold mine with proven and probable reserves of 15.6 million ounces.
- The mine reached commercial production in August 2013 and is expected to produce 270,000 ounces of gold in 2013.
- Detour Gold plans to increase throughput to over 200,000 tonnes per day by year-end and expand production further.
- There is potential to grow reserves beyond 20 million ounces through exploration on the large land package and near the existing mine.
This document provides information about Detour Gold Corporation and its Detour Lake gold mine in Ontario, Canada. Some key points:
- Detour Lake is Detour Gold's sole asset, a large open-pit gold mine with proven and probable reserves of 15.6 million ounces.
- The mine reached commercial production in August 2013 and is expected to produce 270,000 ounces of gold in 2013.
- Detour Gold plans to increase throughput to over 200,000 tonnes per day by year-end and expand production further through exploration and mine plan optimization.
- The document discusses Detour Gold's progress in 2013 and outlines plans to continue ramping up operations, lower costs, generate free cash
This corporate presentation provides an overview of Detour Gold Corporation as an intermediate Canadian gold producer. Key highlights from 2016 include gold production of 394,253 ounces at an all-in sustaining cost of $960 per ounce sold and earnings from mine operations of $90 million. The presentation discusses Q3 2016 operating results and costs, preliminary 2017 guidance, the Campbell Pit plan for 2017, a focus on advancing the prospective Zone 58N, and safety performance.
The document provides an overview of Agnico Eagle's mining operations in Mexico, including Pinos Altos, Creston Mascota, and La India. Pinos Altos is the company's cornerstone operation in Mexico, producing over 234,000 ounces of gold in 2012. La India began commissioning less than two years after acquisition and is expected to produce approximately 90,000 ounces per year. The company has over 1,500 employees in Mexico and has had a successful partnership, contributing to the local economy and community. Agnico Eagle controls a large land position in Mexico that provides exploration upside potential.
The document provides supplemental information for Agnico Eagle Mines in May 2021. It discusses the company's operating mines across Canada, Finland, and Mexico which are expected to produce around 850,000 ounces of gold per year in the Abitibi region. Exploration plans are outlined to extend mine life at operations like LaRonde, Goldex, and Kittila. The acquisition of TMAC Resources and its Hope Bay mine in Nunavut is also summarized, which could potentially produce 250,000-300,000 ounces annually starting in 2024.
- Agnico Eagle reported second quarter 2018 results with total payable gold production of 404,961 ounces and total cash costs per ounce of $656.
- Production guidance for 2018 was increased to 1.58 million ounces of gold from 1.53 million ounces previously.
- The Amaruq project received permit approval and preliminary construction work began, while the Meliadine project remains on schedule for first production in Q2 2019.
- LaRonde Zone 5 declared commercial production as of June 1, 2018 and the mine life at Lapa was extended until the fourth quarter of 2018.
Raymond james-39th-annual-institutional-investors-conferenceAgnico Eagle Mines
- The document provides forward-looking statements regarding Agnico Eagle's operations, projects, production estimates, costs, and cash flows.
- It notes key assumptions underlying these statements and risks that could cause actual results to differ materially.
- Non-GAAP financial measures including total cash costs, all-in sustaining costs, and minesite costs are discussed and reconciled to IFRS measures.
Agnico Eagle reported its fourth quarter and full year 2017 results. Some highlights include:
- Production guidance for 2018 of 1.75-1.8 million ounces of gold at total cash costs between $650-700 per ounce and AISC of $950-1000 per ounce.
- Continued progress on construction at the Meliadine and Amaruq projects in Nunavut, with production expected to begin in 2019.
- Exploration success at several mines, with potential to extend mine lives and add new resources.
The document provides an overview of Agnico Eagle's corporate update presentation from January 2018. It includes forward-looking statements and notes regarding non-GAAP measures. The summary highlights Agnico Eagle's growing production base, high quality long life assets, strategy of value creation, track record of meeting guidance, mineral reserves and resources, successful M&A and exploration adding value, and project pipeline expected to drive further production growth to 2 million ounces by 2020.
This document provides forward-looking statements and notes to investors regarding Agnico Eagle's corporate update presentation at the Scotiabank Mining Conference in December 2017. It outlines key assumptions and risk factors for Agnico Eagle's projections, including commodity prices, production estimates, costs estimates, currency fluctuations, and permitting/development timelines. It also notes that certain terms used in the presentation, such as total cash costs per ounce and all-in sustaining costs per ounce, are non-GAAP measures and provides reconciliations to IFRS measures.
The LaRonde mine achieved record quarterly gold production of 105,345 ounces due to higher tonnage and grades from mining areas. Production guidance for 2017 was increased to over 1.68 million ounces of gold and unit costs were reduced based on strong year-to-date operational performance across Agnico Eagle's mines. Exploration continues at LaRonde to evaluate mining below current levels and infill drilling is ongoing to define higher grade mineralization in the western portions of the deposit.
Operations continue to deliver strong performance in the second quarter of 2017, with total gold production of 427,743 ounces and total cash costs per ounce of $556. Infill and exploration drilling at multiple properties, including LaRonde and Amaruq, yielded positive results that are expected to result in mineral resource additions and conversions. The Meliadine project is progressing on schedule and budget, with underground development ahead of plan and engineering 80% complete at the end of June 2017.
Agnico Eagle reported its fourth quarter and full year 2016 results. Key highlights included:
1) Continued strong operating performance in 2016 with gold production exceeding guidance and lower than expected costs.
2) The Amaruq satellite deposit at Meadowbank and the Meliadine project were approved for development with both expected to start up in Q3 2019.
3) A four-year production guidance was issued with gold production expected to increase from current levels to 2 million ounces by 2020 and unit costs expected to decline over that period.
- Agnico Eagle provides a corporate update for November 2016, outlining its consistent strategy and solid execution that drives superior per share returns.
- Production is expected to grow to approximately 2.0 million ounces of gold in 2020 from its existing asset base.
- Agnico Eagle has high quality gold reserves with an average grade more than double that of North American peers that will support production growth.
- Exploration continues to be a key value driver, with several prospects delivering results.
The document provides an overview of Agnico Eagle's Kittila mine site visit in November 2016. Some key points:
- Kittila is Agnico Eagle's largest gold mine in Europe and has estimated reserves to continue operations through 2035.
- Underground development and mining rates are being optimized to fully access the Rimpi and newly discovered Sisar zones.
- Drilling in Q3 2016 yielded the widest intercept to date in the Sisar Central Zone of 6.6 g/t gold over 12.7 metres.
- The processing plant uses pressure oxidation in an autoclave to treat the refractory gold ore, followed by milling, flotation, leaching and electrowin
The Barsele Gold Project is located in northern Sweden near existing infrastructure. Agnico Eagle has a 55% interest in the project. Previous exploration identified gold mineralization at the Central, Avan, and Skiråsen zones. In 2015-2016, Agnico Eagle conducted drilling programs to expand and define these zones, with the goal of releasing an initial inferred resource estimate by the end of 2016. Drilling to date has shown potential to extend mineralization to depth at the Avan zone.
The document discusses Agnico Eagle's third quarter 2016 results. It provides forward-looking statements regarding production guidance, projects, and costs. It notes the risks and assumptions underlying the forward-looking statements. It also discusses non-GAAP measures used to evaluate performance such as total cash costs per ounce and all-in sustaining costs per ounce.
- Agnico Eagle provides a corporate update for September 2016, outlining key points such as production growth targets, high quality gold reserves, ongoing exploration success, and a strong balance sheet.
- The company has a goal of producing over 2 million ounces of gold annually by 2020 through exploiting its existing asset base, which contains high average grade reserves over double the industry average.
- Exploration continues to deliver value by expanding reserves and resources at mines such as Kittila, Meadowbank, Meliadine, Pinos Altos, and La India.
Bank of America Merrill Lynch 2016 Global Metals, Mining EventAgnico Eagle Mines
This document provides an overview of Agnico Eagle Mines Limited's presentation at the 22nd Annual Canada Mining Event hosted by Bank of America Merrill Lynch in September 2016. It contains forward-looking statements about Agnico Eagle's production guidance, costs, projects and growth plans. It also notes the risks associated with forward-looking statements and provides details on Agnico Eagle's non-GAAP financial measures and production guidance methodology. Finally, it highlights Agnico Eagle's strategy of value creation through consistent performance, production growth, high-quality reserves, exploration success and financial strength.
Agnico Eagle held a Denver Gold Forum in September 2016 to provide information to investors. The document included forward-looking statements about production guidance, costs, and other estimates. It noted the risks that actual results may differ from expectations due to uncertainties in metal prices, costs, and other factors. It also summarized the company's strategy of production growth from its existing assets, high-quality gold reserves with above-average grades, and exploration adding new resources.
- The document is a presentation from Agnico Eagle Mines Limited given at a Scotia BBQ on August 18, 2016.
- It discusses Agnico Eagle's forward-looking statements and production guidance, provides an overview of the company's strong financial position and long history of dividend payments, and outlines its growth strategy through projects in its development pipeline.
- Agnico Eagle has successfully grown production and reserves through acquisitions and exploration over the past decade and expects its project pipeline to drive a new phase of 30-40% production growth by 2020.
Bank of America Merrill Lynch 2016 Global Metals, Mining & Steel ConferenceAgnico Eagle Mines
This document is from Agnico Eagle's presentation at the 2016 Bank of America Merrill Lynch Global Metals, Mining & Steel Conference in May 2016. It includes forward-looking statements regarding Agnico Eagle's estimated production metrics, costs, and project timelines that are based on certain assumptions that may prove to be incorrect. It also notes that certain non-GAAP financial measures are used such as total cash costs per ounce and all-in sustaining costs per ounce, and provides definitions for these terms. The presentation contains cautionary language regarding the risks and uncertainties inherent in forward-looking information.
This document provides an overview of Agnico Eagle Mines Limited's annual and special meeting on April 29, 2016. It includes forward-looking statements about production guidance, costs, and projects. It notes the risks associated with forward-looking statements and provides non-GAAP financial measures to assess performance. The company has a strong track record of exceeding production guidance and lowering costs. It is positioned for growth through optimizing existing operations, exploration success adding reserves, and a pipeline of development projects expected to increase production by 30-40% by 2020.
Agnico Eagle reported its first quarter 2016 results on April 29, 2016. The document provides forward-looking statements regarding Agnico Eagle's expectations for production, costs, capital expenditures, and other estimates. It notes that actual results may differ materially from expectations due to risks and uncertainties in the business. The document also explains non-GAAP measures used to evaluate performance such as total cash costs per ounce and all-in sustaining costs per ounce.
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2. agnicoeagle.com
FORWARD LOOKING STATEMENTS
The information in this document has been prepared as at July 24, 2013. Certain statements contained in this document constitute “forward-
looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward looking information
under the provisions of Canadian provincial securities laws. When used in this document, the words “anticipate”, “expect”, “estimate”, “forecast”,
“will”, “planned”, and similar expressions are intended to identify forward-looking statements or information.
Such statements include without limitation: statements regarding timing and amounts of capital expenditures and other assumptions; estimates
of future reserves, resources, mineral production, optimization efforts and sales; estimates of mine life; estimates of future internal rates of
return, mining costs, cash costs, minesite costs and other expenses; estimates of future capital expenditures and other cash needs, and
expectations as to the funding thereof; statements and information as to the projected development of certain ore deposits, including estimates
of exploration, development and production and other capital costs, and estimates of the timing of such exploration, development and
production or decisions with respect to such exploration, development and production; estimates of reserves and resources, and statements and
information regarding anticipated future exploration; the anticipated timing of events with respect to the Company’s mine sites and statements
and information regarding the sufficiency of the Company’s cash resources. Such statements and information reflect the Company’s views as at
the date of this document and are subject to certain risks, uncertainties and assumptions, and undue reliance should not be placed on such
statements and information. Many factors, known and unknown could cause the actual results to be materially different from those expressed or
implied by such forward looking statements and information. Such risks include, but are not limited to: the volatility of prices of gold and other
metals; uncertainty of mineral reserves, mineral resources, mineral grades and mineral recovery estimates; uncertainty of future production,
capital expenditures, and other costs; currency fluctuations; financing of additional capital requirements; cost of exploration and development
programs; mining risks; community protests; risks associated with foreign operations; governmental and environmental regulation; the volatility
of the Company’s stock price; and risks associated with the Company’s byproduct metal derivative strategies. For a more detailed discussion of
such risks and other factors that may affect the Company’s ability to achieve the expectations set forth in the forward-looking statements
contained in this document, see the Company’s Annual Report on Form 20-F for the year ended December 31, 2012, as well as the Company’s
other filings with the Canadian Securities Administrators and the U.S. Securities and Exchange Commission. The Company does not intend,
and does not assume any obligation, to update these forward-looking statements and information. Alain Blackburn, a Qualified Person and the
Company’s Senior Vice-President, Exploration, reviewed the technical information disclosed herein. For a detailed breakdown of the Company’s
reserve and resource position see the February 13, 2013 press release on the Company’s website. That press release also lists the Qualified
Persons for each project.
2agnicoeagle.com
3. agnicoeagle.com
NOTES TO INVESTORS
Note Regarding the Use of Non-GAAP Financial Measures
This document presents estimates of future “total cash cost per ounce” and “minesite cost per tonne” that are not recognized measures under
United States generally accepted accounting principles (“US GAAP”). This data may not be comparable to data presented by other gold
producers. These future estimates are based upon the total cash costs per ounce and minesite costs per tonne that the Company expects to
incur to mine gold at the applicable projects and do not include production costs attributable to accretion expense and other asset retirement
costs, which will vary over time as each project is developed and mined. It is therefore not practicable to reconcile these forward-looking non-
GAAP financial measures to the most comparable GAAP measure. A reconciliation of the Company’s total cash cost per ounce and minesite
cost per tonne to the most comparable financial measures calculated and presented in accordance with US GAAP for the Company’s historical
results of operations is set forth in the notes to the financial statements included in the Company’s Annual Information Form and Annual Report
on Form 20-F, for the year ended December 31, 2012, as well as the Company’s other filings with the Canadian Securities Administrators and
the SEC.
Note Regarding Production Guidance
The gold production guidance is based on the Company’s mineral reserves but includes contingencies and assumes metal prices and foreign
exchange rates that are different from those used in the reserve estimates. These factors and others mean that the gold production guidance
presented in this disclosure does not reconcile exactly with the production models used to support these mineral reserves.
3agnicoeagle.com
4. agnicoeagle.com
KEY OPERATING HIGHLIGHTS – Q2 2013
• Q2 gold production of 224,089 oz at total cash costs per ounce of $785/oz1 –
in line with expectations
• Financial results impacted by lower commodity prices, maintenance shutdown
at Kittila and concentrate settlement adjustments
• Quarterly cash flows from operations of $75.3 million ($0.44 per share)
• Kittila autoclave now back to steady state levels
• Significant capital and cost reductions announced for 2013 and 2014,
production guidance maintained for 2013 to 2015
4
1 Expenditures at Kittila have been excluded from calculations in the second quarter of 2013, given that the mine operated only 14 days during the quarter.
5. agnicoeagle.com
INVESTMENT HIGHLIGHTS
Significant reductions in capital and operating costs
2013
• Approximately $50 million in immediate capital and cost reductions
2014
• Approximately $200 million in capital cost reductions
• Exploration budget of approximately $50 million (compared to historical levels
of ~$100 million)
Production to increase in the 2H 2013 due to multiple catalysts:
Expectations:
– Normal production at Kittila
– Better grades at Meadowbank
– Start up production at Goldex
– Continued grade improvement at LaRonde
5
6. agnicoeagle.com
OPERATING RESULTS
Second quarter production and operating costs in line with expectations
Q2 2013 Total Operating Margin – $110 M
Gold
91%
Silver
6%
Base
Metals
3%
6
LaRonde
13% Kittila
0%
Lapa
15%
Pinos Altos
43%
Meadowbank
29%
Q2 2013 Revenue by Metal
Q2 2013 YTD 2013
Production Total Cash Cost Production Total Cash Cost
(Gold oz) ($/oz) (Gold oz) ($/oz)
LaRonde 46,119 $927 85,192 $831
Kittila 5,389 N/A 48,534 $6241
Lapa 23,178 $720 50,046 $699
Pinos Altos2 57,530 $496 103,601 $411
Meadowbank 91,873 $912 173,691 $986
Total 224,089 $785 461,064 $762
1. Kittila total cash cost excludes results from Q2, 2013 due to shutdown
2. Pinos Altos figures include Creston Mascota.
7. agnicoeagle.com
Q2 2013 FINANCIAL RESULTS
Results impacted by lower commodity prices, Kittila autoclave shut down and
byproduct settlement adjustments
7
All amounts are in US$, Q2 2013 Q2 2012 YTD 2013 YTD 2012
unless otherwise indicated
Revenues (millions) $336 $460 $757 $932
Earnings (millions) ($24) $43 ($1) $122
Earnings per share (basic) ($0.14) $0.25 ($0.00) $0.71
Cash provided by operating activities
(millions)
$75 $194 $221 $391
Payable Production Gold (ounces) 224,089 265,350 461,064 520,305
Silver (ounces in thousands) 1,066 1,095 2,317 2,310
Zinc (tonnes) 3,455 9,558 11,694 22,536
Copper (tonnes) 1,280 1,004 2,362 2,330
Total cash costs1
(gold, $/oz) $785 $660 $762 $628
1 Expenditures at Kittila have been excluded from calculations in the second quarter of 2013, given that the mine operated only 14 days during the quarter.
8. agnicoeagle.com
FINANCIAL POSITION
Balance sheet flexibility maintained
Long-Term Debt Maturities
2017 2020 2022 2024
Notes Outstanding (millions) $115 $360 $225 $100
Coupon 6.13% 6.67% 5.93% 5.02%
8
ALL AMOUNTS ARE IN US$,
unless otherwise indicated Jun. 30, 2013
CASH AND CASH EQUIVALENTS (millions) $136
LONG TERM DEBT (millions) $850
AVAILABLE CREDIT FACILITIES $1.15 Billion
COMMON SHARES OUTSTANDING, BASIC (Q2’13 Weighted average, millions) 172.6
COMMON SHARES OUTSTANDING, FULLY DILUTED (Q2’13 Weighted average, millions) 172.6
9. agnicoeagle.com
MODERATE, ACHIEVABLE PRODUCTION GROWTH
Low political risk, mining-friendly jurisdictions
100,000
300,000
500,000
700,000
900,000
1,100,000
1,300,000
2008A 2009A 2010A 2011A 2012A 2013E 2014E 2015E
Actual Estimate
Payable Gold Production Profile (oz)
9
12. agnicoeagle.com
LARONDE
Cooling plant infrastructure development progressing well
• Additional cooling capacity expected to be
installed in 4Q 2013
• Positive for operating flexibility
and production
• Approximately 60% of ore in Q2 2013 sourced
from deeper mine
• Value of ore per tonne approximately 50%
higher over life mine versus 2012 (assuming
the same metal prices)
P&P GOLD RESERVES (million oz) 4.2
AVERAGE GOLD RESERVE GRADE (g/t) 4.5
Indicated resource (million oz)
(5.4 M tonnes @ 1.88 g/t)
0.3
Inferred resource (million oz)
(11.9 M tonnes @ 3.73 g/t)
1.4
Estimated LOM (years) 14
See AEM Feb 13, 2013 press release for detailed breakdown of reserves and resources.
$0M
$80M
$160M
$240M
2010 2011 2012
Cash Operating Margin
12
13. agnicoeagle.com
LAPA
Zulapa drilling could have a positive impact on production and grades
• Lower unit costs due to reduced cement
consumption, productivity improvements,
and cost reductions
• Ongoing exploration could extend
the mine life beyond 2016
$0M
$40M
$80M
$120M
2010 2011 2012
Cash Operating Margin
P&P GOLD RESERVES (million oz) 0.4
AVERAGE GOLD RESERVE GRADE (g/t) 6.0
Indicated resource (million oz)
(1.1 M tonnes @ 4.08 g/t)
0.2
Inferred resource (million oz)
(0.9 M tonnes @ 6.69 g/t)
0.2
Estimated LOM (years) 3
13
See AEM Feb 13, 2013 press release for detailed breakdown of reserves and resources.
14. agnicoeagle.com
KITTILA
Autoclave successfully restarted after extended maintenance
• Normal operations restarted at the end of Q2
• Throughput and recoveries back to steady state
• 750 tpd per day expansion on schedule for
completion in 2H 2015
$0M
$80M
$160M
$240M
2010 2011 2012
Cash Operating Margin
P&P GOLD RESERVES (million oz) 4.8
AVERAGE GOLD RESERVE GRADE (g/t) 4.5
Indicated resource (million oz)
(7.8 M tonnes @ 2.65 g/t)
0.7
Inferred resource (million oz)
(19.0 M tonnes @ 3.88 g/t)
2.4
Estimated LOM (years) 25
14
See AEM Feb 13, 2013 press release for detailed breakdown of reserves and resources.
15. agnicoeagle.com
MEXICO – PINOS ALTOS & CRESTON MASCOTA
Steady production and operating cost control at Pinos Altos
• Restart of leaching at Creston Mascota
progressing well
• Production expected to increase during the
remainder of 2013
• Shaft construction at Pinos Altos in Q2:
• Preparation of the headframe foundation
• Construction of the hoist building
• Galloway assembly
P&P GOLD RESERVES (million oz) 2.7
AVERAGE GOLD RESERVE GRADE (g/t) 2.2
Indicated resource (million oz)
(17.9 M tonnes @ 1.52 g/t)
0.9
Inferred resource (million oz)
(24.6 M tonnes @ 1.19 g/t)
0.9
Estimated LOM (years) 17
$0M
$80M
$160M
$240M
$320M
2010 2011 2012
Cash Operating Margin
15
See AEM Feb 13, 2013 press release for detailed breakdown of reserves and resources.
16. agnicoeagle.com
MEADOWBANK
Production expected to increase further in 2H 2013
• Production expected to be higher in H2 2013
due to higher anticipated grades
• Throughput maintained consistently above
11,000 tpd
• Excellent cost control due to improved
productivity and cost reduction initiatives
P&P GOLD RESERVES (million oz) 2.3
AVERAGE GOLD RESERVE GRADE (g/t) 2.8
Measured & Indicated resource (million oz)
(10.3 M tonnes @ 2.49 g/t)
0.8
Inferred resource (million oz)
(3.6 M tonnes @ 3.81 g/t)
0.4
Estimated LOM (years) 6
$0M
$80M
$160M
$240M
$320M
2010 2011 2012
Cash Operating Margin
16
See AEM Feb 13, 2013 press release for detailed breakdown of reserves and resources.
18. agnicoeagle.com
LA INDIA
On schedule and budget for commissioning in Q4 2013
• Work advanced on the installation of the ADR
plant, crushing system, and leach pads
• Power generators installed and operational
• Estimated annual gold production of approx.
90 koz @ average total cash costs of approx.
$500/oz
• Open pit, heap leach mine, with stripping ratio
of 1:1
PROBABLE GOLD RESERVES (million oz) 0.8
AVERAGE GOLD RESERVE GRADE (g/t) 0.7
Indicated gold resource (million oz)
(43.2 M tonnes @ 0.4 g/t)
0.6
Inferred gold resource (million oz)
(81 M tonnes @ 0.4 g/t)
1.0
Estimated LOM (years) 8
See AEM Feb 13, 2013 press release for detailed breakdown of reserves and resources.
18
19. agnicoeagle.com
GOLDEX
Commercial production expected in Q4 2013
• Expected to produce 15,000 oz, in 2013
• Construction of paste plant and ore pass
systems on target
• Initial focus on the M & E satellite zones –
GEZ remains suspended
• Technical studies are underway on several
other satellite zones with results expected
by year-end
P&P GOLD RESERVES (million oz) 0.35
AVERAGE GOLD RESERVE GRADE (g/t) 1.6
Measured & Indicated gold resource (million oz)
(27.2 M tonnes @ 1.8 g/t)
1.6
Inferred gold resource (million oz)
(34.6 M tonnes @ 1.5 g/t)
1.7
Estimated LOM (years) 4
See AEM Feb 13, 2013 press release for detailed breakdown of reserves and resources.
19
20. agnicoeagle.com
P&P GOLD RESERVES (million oz) 3.0
AVERAGE GOLD RESERVE GRADE (g/t) 7.0
Indicated gold resource (million oz)
(17.2 M tonnes @ 3.9 g/t)
2.2
Inferred gold resource (million oz)
(14.8 M tonnes @ 6.2 g/t)
2.9
• 2013 project expenditures reduced by $10
million
• 2014 capital expenditures reduced by $80
million to $45 million
– Initial production could still be
achievable in 2018 under new
expenditures schedule
– Program will focus on ramp
development and exploration
drilling
• Updated technical study on track for Q2
2014
• Encouraging results from Tiriganiaq,
Normeg, Pump South, and F Zones
MELIADINE
Project size and scope evaluated under current gold price scenarios
20
See AEM Feb 13, 2013 press release for detailed breakdown of reserves and resources.
21. agnicoeagle.com
ADAPTING BUSINESS TO CURRENT GOLD PRICE ENVIRONMENT
Operational review results in significant cost savings going forward
• AEM continues to be among industry leaders in per share reserves, production
and dividends
• Meaningful near-term production growth driven by LaRonde, La India and Goldex,
with manageable capex
• Solid, achievable production and cost guidance
• 22% production growth expected in 2013–2015 at stable costs
• Business generating strong cash flows in regions of low political risk
• Allocated to dividends, exploration and investing in strategic assets
21
0%
500%
1000%
1500%
6/30/1998 12/17/2001 6/03/2005 11/17/2008 5/03/2012
AEM-NYSE XAU Spot Gold
Source: FactSet
15-Year Indexed Price Performance
26. agnicoeagle.com
GOLD AND SILVER RESERVES AND RESOURCES
December 31, 2012
Gold
Tonnes
(000’s)
Gold
(g/t)
Gold
(ounces)
(000’s)
Proven 13,836 3.13 1,394
Probable 170,300 3.16 17,286
Total
Reserves
184,136 3.16 18,681
Measured &
Indicated
140,995 1.79 8,104
Inferred 199,503 1.90 12,159
Silver
Tonnes
(000’s)
Silver
(g/t)
Silver
(ounces)
(000’s)
Proven 9,390 47.30 14,281
Probable 57,536 43.93 81,256
Total
Reserves
66,926 44.40 95,537
Measured &
Indicated
23,379 31.95 24,015
Inferred 36,479 20.66 24,228
See AEM Feb 13, 2013 press release for detailed breakdown of reserves and resources. Reserves are not a subset of resources.
26
27. agnicoeagle.com
COPPER, ZINC AND LEAD RESERVES AND RESOURCES
December 31, 2012
See AEM Feb 13, 2013 press release for detailed breakdown of reserves and resources. Reserves are not a subset of resources.
Copper
Tonnes
(000’s)
Copper
(%)
Copper
(tonnes)
Proven 6,323 0.30 18,744
Probable 22,462 0.24 53,835
Total
Reserves
28,786 0.25 72,580
Indicated 5,432 0.12 6,644
Inferred 11,887 0.25 29,317
Zinc
Tonnes
(000’s)
Zinc
(%)
Zinc
(tonnes)
Proven 6,323 1.06 67,211
Probable 22,462 0.68 152,973
Total
Reserves
28,786 0.76 220,184
Indicated 5,432 1.50 81,551
Inferred 11,887 0.58 69,048
Lead
Tonnes
(000’s)
Lead
(%)
Lead
(tonnes)
Proven 6,323 0.12 7,738
Probable 22,462 0.05 10,304
Total
Reserves
28,786 0.06 18,042
Indicated 5,432 0.15 8,071
Inferred 11,887 0.05 5,375
27
28. agnicoeagle.com
NOTES TO INVESTORS REGARDING THE USE OF RESOURCES
Cautionary Note to Investors Concerning Estimates of Measured and Indicated Resources
This document uses the terms “measured resources” and “indicated resources”. We advise investors that while those terms are recognized and required by
Canadian regulations, the SEC does not recognize them. Investors are cautioned not to assume that any part or all of mineral deposits in these
categories will ever be converted into reserves.
Cautionary Note to Investors Concerning Estimates of Inferred Resources
This document also uses the term “inferred resources”. We advise investors that while this term is recognized and required by Canadian regulations, the SEC
does not recognize it. “Inferred resources” have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal
feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates
of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Investors are cautioned not to assume that
part or all of an inferred resource exists, or is economically or legally mineable.
Scientific and Technical Data
Agnico Eagle Mines Limited is reporting mineral resource and reserve estimates in accordance with the CIM guidelines for the estimation, classification and
reporting of resources and reserves.
Cautionary Note To U.S. Investors – The SEC permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a
company can economically and legally extract or produce. Agnico Eagle uses certain terms in this press release, such as “measured”, “indicated”, and
“inferred”, and “resources” that the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. investors are
urged to consider closely the disclosure in our Form 20-F, which may be obtained from us, or from the SEC’s website at: http://sec.gov/edgar.shtml. A “final” or
“bankable” feasibility study is required to meet the requirements to designate reserves under Industry Guide 7.
Estimates for all properties were calculated using historic three-year average metals prices and foreign exchange rates in accordance with the SEC Industry
Guide 7. Industry Guide 7 requires the use of prices that reflect current economic conditions at the time of reserve determination, which the Staff of the SEC
has interpreted to mean historic three-year average prices. The assumptions used for the mineral reserves and resources estimates at the Lapa, Meadowbank
and Creston Mascota mines and the Goldex and Meliadine projects reported by the Company on February 13, 2013 are based on three-year average prices for
the period ending December 31, 2012 of $1,490 per ounce gold, $29.00 per ounce silver, $0.95 per pound zinc, $3.67 per pound copper, $1.00 per pound lead
and C$/US$, US$/Euro and MXP/US$ exchange rates of 1.00, 1.34 and 12.75, respectively. The assumptions used for the mineral reserves and resources
estimates at the LaRonde, Pinos Altos and Kittila mines and the La India and Tarachi projects reported by the Company on February 13, 2013 were based on
three-year average prices for the period ending June 30, 2012 of $1,345 per ounce gold, $25.00 per ounce silver, $0.95 per pound zinc, $3.49 per pound
copper, $0.99 per pound lead and C$/US$, US$/Euro and MXP/US$ exchange rates of 1.00, 1.30 and 13.00, respectively.
The Canadian Securities Administrators’ National Instrument 43-101 (“NI 43-101”) requires mining companies to disclose reserves and resources using the
subcategories of “proven” reserves, “probable” reserves, “measured” resources, “indicated” resources and “inferred” resources. Mineral resources that are not
mineral reserves do not have demonstrated economic viability.
28agnicoeagle.com
29. agnicoeagle.com
NOTES TO INVESTORS REGARDING THE USE OF RESOURCES
A mineral reserve is the economically mineable part of a measured or indicated mineral resource demonstrated by at least a preliminary feasibility study. This
study must include adequate information on mining, processing, metallurgical, economic and other relevant factors that demonstrate, at the time of reporting,
that economic extraction can be justified. A mineral reserve includes diluting materials and allows for losses that may occur when the material is mined. A
proven mineral reserve is the economically mineable part of a measured mineral resource demonstrated by at least a preliminary feasibility study. A probable
mineral reserve is the economically mineable part of an indicated, and in some circumstances, a measured mineral resource demonstrated by at least a
preliminary feasibility study.
A mineral resource is a concentration or occurrence of natural, solid, inorganic material, or natural solid fossilized organic material including base and precious
metals in or on the Earth’s crust in such form and quantity and of such a grade or quality that it has reasonable prospects for economic extraction. The location,
quantity, grade, geological characteristics and continuity of a mineral resource are known, estimated or interpreted from specific geological evidence and
knowledge. A measured mineral resource is that part of a mineral resource for which quantity, grade or quality, densities, shape and physical characteristics
are so well established that they can be estimated with confidence sufficient to allow the appropriate application of technical and economic parameters, to
support production planning and evaluation of the economic viability of the deposit. The estimate is based on detailed and reliable exploration, sampling and
testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes that are spaced closely
enough to confirm both geological and grade continuity. An indicated mineral resource is that part of a mineral resource for which quantity, grade or quality,
densities, shape and physical characteristics can be estimated with a level of confidence sufficient to allow the appropriate application of technical and
economic parameters, to support mine planning and evaluation of the economic viability of the deposit. The estimate is based on detailed and reliable
exploration and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes that are
spaced closely enough for geological and grade continuity to be reasonably assumed. An inferred mineral resource is that part of a mineral resource for which
quantity and grade or quality can be estimated on the basis of geological evidence and limited sampling and reasonably assumed, but not verified, geological
and grade continuity. The estimate is based on limited information and sampling gathered through appropriate techniques from locations such as outcrops,
trenches, pits, workings and drill holes. Mineral resources which are not mineral reserves do not have demonstrated economic viability.
Investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally mineable.
A Feasibility Study is a comprehensive technical and economic study of the selected development option for a mineral project that includes appropriately
detailed assessments of realistically assumed mining, processing, metallurgical, economic, marketing, legal, environmental, social and governmental
considerations together with any other relevant operational factors and detailed financial analysis, that are necessary to demonstrate at the time of reporting
that extraction is reasonably justified (economically mineable). The results of the study may reasonably serve as the basis for a final decision by a proponent or
financial institution to proceed with, or finance, the development of the project. The confidence level of the study will be higher than that of a Pre-Feasibility
Study.
The effective date for all of the Company’s mineral resource and reserve estimates in this press release is December 31, 2012. Additional information about
each of the mineral projects that is required by NI 43-101, sections 3.2 and 3.3 and paragraphs 3.4 (a), (c) and (d) can be found in the Technical Reports
referred to above, which may be found at www.sedar.com. Other important operating information can be found in the Company’s Form 20-F and this news
release dated February 13, 2013.
Alain Blackburn, a Qualified Person and the Company’s Senior Vice-President, Exploration, reviewed the technical information disclosed herein.
29agnicoeagle.com