TORONTO (AP) — TORONTO (AP) — Agnico Eagle Mines Ltd. (AEM) on Thursday reported first-quarter profit of $814.7 million.
The Toronto-based company said it had net income of $1.62 per share. Earnings, adjusted for non-recurring gains, were $1.53 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.39 per share.
The gold mining company posted revenue of $2.47 billion in the period.
Agnico shares have increased 53% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $119.63, an increase of 88% in the last 12 months.
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