Agnico Eagle Mines Ltd (AEM)

[NYBob]

AGNICO EAGLE REPORTS FIRST QUARTER 2022 RESULTS - STRONG
OPERATIONAL PERFORMANCE; INTEGRATION AHEAD OF SCHEDULE AND
CORPORATE MERGER SYNERGIES BETTER THAN EXPECTED; GOOD
PROGRESS AT KEY EXPLORATION AND DEVELOPMENT PROJECTS
April 28 2022 - 05:00PM
PR Newswire (US)

Stock Symbol: AEM (NYSE and TSX)

(All amounts expressed in U.S. dollars unless otherwise noted)

TORONTO, April 28, 2022 /PRNewswire/ -

Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) ("Agnico Eagle" or the
"Company") today reported financial and operating results for the first quarter of
2022.

First quarter of 2022 highlights:

Solid quarterly production and costs despite COVID-19 challenges –
Payable gold production1 in the first quarter of 2022 was 660,604 ounces at
production costs per ounce of $1,002, total cash costs per ounce2 of $811 and all-
in sustaining costs ("AISC") per ounce3 of $1,079.
These results include a full quarter of production from the Agnico Eagle mines and
52 days of production from the legacy Kirkland Lake Gold Ltd. ("Kirkland Lake
Gold") mines (Detour Lake, Macassa and Fosterville) reflecting the period after
the closing of the merger between Agnico Eagle and Kirkland Lake Gold on
February 8, 2022 (the "Merger"). Including a full quarter of production from the
legacy Kirkland Lake Gold mines, total payable gold production in the first quarter
of 2022 was 806,329 ounces with total cash costs per ounce approximately in line
with the mid-point of 2022 total cash cost guidance announced in February 2022

https://ih.advfn.com/stock-market/TSX/AEM/stock-news/87949108/agnico-eagle-reports-first-quarter-2022-results

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