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Company News

Agnico Eagle Mines profit jumps more than five fold

July 24 (Reuters) - Canadian gold miner Agnico Eagle Mines Ltd reported a more five-fold increase in quarterly profit on Wednesday, largely due to higher realized gold prices and currency and derivatives gains.

Net income rose to $27.8 million, or 12 cents per share, in the second quarter ended June 30, from $5 million, or 2 cents per share, a year earlier. (Reporting by Arunima Kumar in Bengaluru; Editing by Sriraj Kalluvila)

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