Remember that Hinge bulk sample a few years ago? Perhaps you should run a full quarter of high grade if you know where it is. This thing needs a jump start.

Post says Agnico Eagle posts record gold production

2013-10-24 06:31 PT - In the News

The Financial Post reports in its Thursday edition Agnico Eagle Mines kicked off the third-quarter gold earnings season with a strong result. The Post's Peter Koven writes Aginco's adjusted earnings came in at $60.5-million, or 35 cents a share, which was well above the highest analyst estimates (all figures U.S.). Agnico also boosted its full-year production guidance and announced deeper cost cuts. "We had some pretty solid production across the board," chief executive officer Sean Boyd told the Post, adding the company has said for months that the second half of 2013 would be stronger than the first half. The results show gold companies can thrive in a weaker gold price environment. Agnico's gold production in the quarter reached a record 315,828 ounces, driven by a strong result from the Meadowbank mine in Nunavut, which opened in 2010. Since then, Agnico has improved Meadowbank's performance. "Even we were pleasantly surprised at Meadowbank, [though] we knew were going into parts of the deposit that had shown in the prior year were higher grade," Mr. Boyd said. Investors are currently fixated on how companies are managing their costs. Agnico appears to be doing well on that front.