Agnico-Eagle Mines Ltd. (TSX:AEM) 73 per cent rev increase and doubles Q1 profits Dominion Lending Centres Clearlease

Agnico-Eagle Mines Ltd. (TSX:AEM) 73 per cent rev increase and doubles Q1 profits Dominion Lending Centres Clearlease

VANCOUVER, BRITISH COLUMBIA – (April 28, 2011) Clearlease Reports Higher gold, silver, zinc and copper prices helped Agnico-Eagle Mines Ltd. (TSX:AEM) more than double its first-quarter profit and increase revenue by 73 per cent, the Toronto-based company said Thursday.

Agnico-Eagle, which reports in U.S. currency, had $45.3 million of net income before adjustments, or 27 cents per share. Revenue was $418 million from all sources, with all but $6 million from mining operations.

Adjusted net income was $76.5 million or 45 cents per share, after excluding foreign currency loss, stock option expense, a $3.1-million expense related to a fire in March at a major mine and a gain from the sale of investments.

Analysts polled by Thomson Reuters had predicted earnings per share of 50 cents per share.

The fire, in the kitchen at Agnico-Eagle’s new Meadowbank mine in Nunavut, reduced the number of staff and slashed production at the operations.

The company also said March 29, about two weeks after the fire, that its 2011 annual production target was being lowered to between 1.08 million and 1.15 million ounces of gold from the previous range of 1.13 million to 1.23 million.

Agnico-Eagle said Thursday that Meadowbank was back to its full production rate. It’s expected to produce 310,000 ounces of gold this year, down from the previous estimate of 360,000 ounces.

In the first quarter of 2010, Agnico-Eagle reported net income of $22.3 million, or $14 cents per share.

Agnico-Eagle has operations in Canada, the United States, Mexico and Finland.

Video Link: http://youtu.be/f_kk7WJa7Uk

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

Agnico-Eagle Mines Ltd. (TSX:AEM) 73 per cent rev increase and doubles Q1 profits Dominion Lending Centres Clearlease

VANCOUVER, BRITISH COLUMBIA – (April 28, 2011) Clearlease Reports Higher gold, silver, zinc and copper prices helped Agnico-Eagle Mines Ltd. (TSX:AEM) more than double its first-quarter profit and increase revenue by 73 per cent, the Toronto-based company said Thursday.

Agnico-Eagle, which reports in U.S. currency, had $45.3 million of net income before adjustments, or 27 cents per share. Revenue was $418 million from all sources, with all but $6 million from mining operations.

Adjusted net income was $76.5 million or 45 cents per share, after excluding foreign currency loss, stock option expense, a $3.1-million expense related to a fire in March at a major mine and a gain from the sale of investments.

Analysts polled by Thomson Reuters had predicted earnings per share of 50 cents per share.

The fire, in the kitchen at Agnico-Eagle’s new Meadowbank mine in Nunavut, reduced the number of staff and slashed production at the operations.

The company also said March 29, about two weeks after the fire, that its 2011 annual production target was being lowered to between 1.08 million and 1.15 million ounces of gold from the previous range of 1.13 million to 1.23 million.

Agnico-Eagle said Thursday that Meadowbank was back to its full production rate. It’s expected to produce 310,000 ounces of gold this year, down from the previous estimate of 360,000 ounces.

In the first quarter of 2010, Agnico-Eagle reported net income of $22.3 million, or $14 cents per share.

Agnico-Eagle has operations in Canada, the United States, Mexico and Finland.

Video Link: http://youtu.be/f_kk7WJa7Uk

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

Agnico-Eagle Mines Ltd. (TSX:AEM) 73 per cent rev increase and doubles Q1 profits Dominion Lending Centres Clearlease

VANCOUVER, BRITISH COLUMBIA – (April 28, 2011) Clearlease Reports Higher gold, silver, zinc and copper prices helped Agnico-Eagle Mines Ltd. (TSX:AEM) more than double its first-quarter profit and increase revenue by 73 per cent, the Toronto-based company said Thursday.

Agnico-Eagle, which reports in U.S. currency, had $45.3 million of net income before adjustments, or 27 cents per share. Revenue was $418 million from all sources, with all but $6 million from mining operations.

Adjusted net income was $76.5 million or 45 cents per share, after excluding foreign currency loss, stock option expense, a $3.1-million expense related to a fire in March at a major mine and a gain from the sale of investments.

Analysts polled by Thomson Reuters had predicted earnings per share of 50 cents per share.

The fire, in the kitchen at Agnico-Eagle’s new Meadowbank mine in Nunavut, reduced the number of staff and slashed production at the operations.

The company also said March 29, about two weeks after the fire, that its 2011 annual production target was being lowered to between 1.08 million and 1.15 million ounces of gold from the previous range of 1.13 million to 1.23 million.

Agnico-Eagle said Thursday that Meadowbank was back to its full production rate. It’s expected to produce 310,000 ounces of gold this year, down from the previous estimate of 360,000 ounces.

In the first quarter of 2010, Agnico-Eagle reported net income of $22.3 million, or $14 cents per share.

Agnico-Eagle has operations in Canada, the United States, Mexico and Finland.

Video Link: http://youtu.be/f_kk7WJa7Uk

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk



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