February 13, 2020 / 10:10 PM / 6 months ago

Canada's Agnico Eagle Mines posts profit on higher gold sales

Feb 13 (Reuters) - Canadian gold miner Agnico Eagle Mines Ltd reported a fourth-quarter profit on Thursday compared with a year-ago loss, as it benefited from higher gold sales volumes and realized gold prices.

Agnico posted net income of $331.7 million, or $1.38 per share, in the fourth quarter ended Dec. 31, compared with a loss of $393.7 million, or $1.68 per share, a year earlier.

Payable gold production rose to 494,678 ounces compared with 410,712 ounces last year. (Reporting by Arunima Kumar in Bengaluru; Editing by Shailesh Kuber)

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