Agnico Eagle Mines (AEM.TO, AEM) was up 1.9% in after-hours New York trading after the company on Thursday said its first-quarter profit and revenue rose year-over-year.
The company said reported an adjusted profit, excluding most one-time items, of US$770.11 million, or US$1.53 per share, in the period, up from US$377.84 million, or US$0.76, a year ago. The FactSet consensus estimate was US$1.38 per share.
Revenue from mining operations rose to US$2.47 billion from US$1.83 billion a year ago. FactSet projected US$2.26 billion.
The company said it remains on track to meet its 2025 gold production target of 3.3 million to 3.5 million ounces, with expected total cash costs of US$915 to US$965 per ounce and all-in sustaining costs (AISC) of US$1,250 to US$1,300 per ounce. Capital expenditures for the year, excluding exploration, are projected to remain between US$1.75 billion and US$1.95 billion.
The company said its board maintained a quarterly dividend of US$0.40 per share, payable on June 16 to shareholders of record as of May 30.
Agnico Eagle shares were last seen up US$2.27 to US$121.90 after hours. They closed up $1.53 to $165.79 on the Toronto Stock Exchange.
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