(Adds production guidance, estimates)

Feb 13 (Reuters) - Gold miner Agnico Eagle Mines Ltd lowered its full-year 2020 production outlook, citing slower-than-expected ramp up of production at the new Nunavut operations in Canada.

Agnico said it now expects full-year production of 1.87 million ounces compared with its previous outlook of 1.9 million to 2.0 million ounces.

The production would also be impacted by a more conservative mining plan in the West mine area at LaRonde, the company said.

However, Agnico reported a fourth-quarter profit compared with a year-ago loss, as it benefited from higher gold sales volumes and realized gold prices.

Gold miners benefited from global geo-political uncertainties and the then ongoing tariff dispute between the United States and China, as investors sought safety in safe-haven assets. Average gold price rose 21% in the quarter compared to last year.

Payable gold production rose to 494,678 ou nces compared with 410,712 ounces last year.

Agnico posted net income of $331.7 million, or $1.38 per share, in the fourth quarter ended Dec. 31, compared with a loss of $393.7 million, or $1.68 per share, a year earlier.

On an adjusted basis, the company reported a profit of 37 cents per share, in-line with analysts' estimates, according to Refinitiv IBES.

The operator of mines in Canada, Finland and Mexico said all-in sustaining costs per ounce (AISC) were $1,039 in the fourth quarter, compared with $852 a year earlier. (Reporting by Arunima Kumar in Bengaluru; Editing by Shailesh Kuber)