AGNICO EAGLE'S NET INCOME DROPS TO US $205.2M IN Q4

Agnico Eagle Mines Ltd. says its profit fell in the fourth quarter, as it paid 75 per cent of base salaries to its Nunavut-based workforce, which has been at home under COVID-19 guidelines. The company says it had fourth-quarter net income of US$205.2 million, or US85 cents per basic share, compared with net income of US$331.7 million, or US$1.39 per basic share, in the fourth quarter of 2019. The Canadian gold mining company says revenue from mining operations was US$928.4 million in the three months ended Dec. 31, compared with US$753.1 million in the same period of 2019. On average, analysts expected net income of US86 cents per share on revenue of US$929.27 million in the fourth quarter.