February 20, 2008 / 9:15 PM / 10 years ago

Agnico-Eagle quarterly profit rises on tax gain

(In U.S. dollars unless noted)

TORONTO, Feb 20 (Reuters) - Agnico-Eagle Mines Ltd AEM.TO said on Wednesday its fourth-quarter profit rose 56 percent, helped by a $29.8 million gain on a reduction in income tax rates.

The Canadian gold producer earned a net $65.2 million, or 46 a share, in the three months ended Dec. 31, up from $41.9 million, or 34 per share, a year earlier. (Reporting by Cameron French; Editing by Peter Galloway)

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