29 July 2015
TORONTO, July 29, 2015 /PRNewswire/ - Agnico Eagle Mines Limited (NYSE:AEM, TSX:AEM) ("Agnico Eagle" or the "Company") today reported quarterly net income of $10.1 million, or net income of $0.05 per share for the second quarter of 2015. This result includes non-recurring losses of $12.9 million ($0.06 per share), unrealized gains on financial instruments of $9.4 million ($0.04 per share), non-cash foreign currency translation losses of $4.8 million ($0.02 per share), non-cash stock option expense of $4.1 million ($0.02 per share), a non-cash foreign currency translation gain on deferred tax liabilities of $3.2 million ($0.01 per share) and various mark-to-market and other adjustment gains of $0.8 million ($0.01 per share). Excluding these items would result in adjusted net income of $18.5 million or adjusted net income of $0.09 per share for the second quarter of 2015. In the second quarter of 2014, the Company reported net income of $22.2 million or net income of $0.12 per share.