Agnico-Eagle Positive About Q2 Results

Agnico-Eagles Mines Ltd. (NYSE:AEM,TSX:AEM) announced that its operating and financial results for the second quarter of 2012 include a quarterly net income of $43.3 million, or $0.25 per share.

According to the press release, other highlights include:

• Record Quarterly Production at Meadowbank – record quarterly gold production of 98,403 ounces
• Record Quarterly Production at Low Costs at Pinos Altos – record quarterly production of 63,356 ounces of gold at total cash costs per ounce of $358¹.
• Strong Cash Generation – quarterly cash provided by operating activities of $194.1 million, or $1.14 per share
• M and E Satellite Zones at Goldex Approved For Development – first production expected in early 2014
• Meliadine Growing – recent drilling suggests further resource and reserve growth

Click here to read the full Agnico-Eagles Mines Ltd. (NYSE:AEM,TSX:AEM) press release.