July 23, 2008 / 9:26 PM / in 9 years

Agnico-Eagle quarterly profit falls on zinc prices

(In U.S. dollars, unless noted)

TORONTO, July 23 (Reuters) - Agnico-Eagle Mines (AEM.TO) said on Wednesday its second-quarter profit dropped 78 percent, hurt by the sharp year-on-year fall in zinc prices.

The Canadian gold producer, which mines zinc as a byproduct, earned $8.3 million, or 6 cents a share, down from $37.8 million, or 28 cents a share, in the year-before quarter. (Reporting by Cameron French; Editing by Peter Galloway)

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