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Agnico Eagle Mines Posts a Wide Earnings Miss in Q2 2018

Annie Gilroy
Agnico Eagle Mines Posts a Wide Earnings Miss in Q2 2018

Agnico Eagle Mines (AEM) reported its second-quarter earnings on July 25 after the market closed. The company missed analysts’ consensus estimate of $0.08. Agnico Eagle Mines’ peers (GDX) including Barrick Gold (ABX), Goldcorp (GG), and New Gold’s (NGD) earnings missed the estimates in the second quarter. Agnico Eagle Mines’ revenues of $556 million were slightly ahead of the consensus expectations of $544 million.