BUZZ-Agnico Eagle Mines Ltd: Weak profit erases much of YTD gain

Thu Oct 30, 2014 12:05pm EDT
 
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** Canadian gold producer's shares down 9.5 pct at $28.33 in Toronto; biggest intraday percentage fall in 16 months, wiping out nearly all of year-to-date gain

** U.S.-listed shares down about 10 pct at $25.32

** Reports lower-than-expected Q3 profit, hurt by increased exploration expenses and lower realized gold prices

** Adjusted profit 2 cents per share, compared with the average analyst estimate of 15 cents

** Up to Wednesday's close, shares up about 12 pct on the Toronto Stock Exchange and 6.4 pct on the New York Stock Exchange this year