Miner Agnico Eagle turns profit as production rises

Wed Jul 30, 2014 5:36pm EDT
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July 30 (Reuters) - Canadian gold producer Agnico Eagle Mines Ltd reported a second-quarter profit on Wednesday compared with a year earlier loss, as gold production jumped from a year earlier and costs improved.

Agnico reported earnings of $37.7 million, or 20 cents a share, compared with a loss of $24.4 million, or 14 cents, a year earlier. Revenue rose to $437.8 million from $336.4 million. (Reporting by Allison Martell in Toronto)