Agnico eagle mines ltd (AEM)
Income statement / Quarterly
Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09Mar'09
REVENUES
Revenues from mining operations (note 17)

437,794

491,767

437,240

444,320

336,424

420,422

449,383

535,836

459,561

472,934

455,503

520,537

433,691

412,068

439,004

398,478

347,456

237,583

225,597

149,250

133,084

105,831

COSTS, EXPENSES AND OTHER INCOME
Production(i)

239,006

224,091

237,388

231,535

225,951

230,053

242,363

220,408

219,906

215,035

227,567

237,190

212,754

198,567

195,998

196,674

166,573

118,227

106,935

88,652

61,013

49,718

Exploration and corporate development

11,552

9,418

8,789

15,550

11,326

8,571

16,083

36,023

34,286

23,108

31,844

9,610

17,289

16,978

15,008

19,491

12,955

7,504

8,449

11,846

9,735

6,249

Amortization of property, plant and mine development (note 10)

77,570

73,537

79,825

76,054

70,128

70,071

72,680

68,318

66,310

64,553

73,513

67,104

59,235

61,929

69,835

48,145

44,003

30,503

21,661

23,200

15,470

12,130

General and administrative

24,791

27,239

25,890

24,205

28,385

37,320

27,726

25,416

32,015

33,928

28,242

20,410

24,122

35,152

22,732

19,925

23,240

28,430

16,976

14,658

13,253

18,800

Impairment loss on available-for- sale securities (note 8)

2,419

-

5,665

299

17,313

10,995

-

600

11,581

-

-

3,402

-

-

-

-

-

-

-

-

-

-

Gain on derivative financial instruments (note 20)

-1,344

3,328

-2,941

3,404

-1,936

2,982

933

1,674

-4,321

895

3,029

-1,678

981

1,351

3,096

-1,330

6,395

-549

-

-

-

-

Gain on sale of available-for-sale securities (note 8)

5,016

273

-

-

-

-

-

-

-6,731

-

-

-

420

4,394

11,302

7,839

0

346

3,668

5,939

341

194

Foreign currency translation loss

-8,666

8,340

6,233

-6,507

11,120

-3,658

4,453

-16,265

11,009

-15,517

-3,560

21,420

-2,713

-14,065

-10,377

-17,685

17,427

-8,901

-7,785

-22,875

-16,664

7,493

Income before income and mining taxes

58,361

153,905

-474,621

78,791

-23,460

48,608

98,108

152,347

77,176

107,510

-850,172

-110,584

104,766

77,362

121,903

163,477

108,549

41,274

66,726

-6,609

18,585

29,336

Income and mining taxes expense (note 23)

18,360

45,053

-21,305

31,480

920

24,749

15,338

46,021

33,904

28,962

-248,742

-28,970

35,941

32,098

33,940

42,016

8,189

18,942

18,790

10,357

17,358

-25,005

Total Revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

110,718

Provincial capital tax

-

-

-

-

-1,504

-

-

-

4,001

-

-

-

-

-

704

-6,934

742

-587

849

1,583

1,473

1,109

Interest expense (note 9)

15,731

15,935

15,424

14,924

13,735

13,916

14,287

14,933

14,220

14,447

12,124

14,918

13,989

14,008

14,958

14,722

15,309

4,504

2,596

2,648

2,335

869

Interest and sundry expense

-3,370

417

-5,019

141

-3,734

-212

565

-3,200

-23

269

-5,166

-46

-224

248

7,001

1,784

93

1,376

-880

3,664

5,103

4,693

Loss on Goldex mine (note 17)

-

-

-

-

-

-

-

-

-

-

-

298,183

-

-

-

-

-

-

-

-

-

-

Gain on acquisition of Comaplex Minerals Corp., net of transaction costs (note 10)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

57,526

-

-

-

-

-

-

Gain on sale of mining property

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,888

-

-

-

-

-

-

Loss on equity investment (note 14)

-2,325

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income for the year

37,676

108,852

-453,316

47,311

-24,380

23,859

82,770

106,326

43,272

78,548

-601,430

-81,614

68,825

45,264

-

-

100,360

22,332

47,936

-16,966

1,227

54,341

Net income per share - basic (note 16)

0.20

0.63

-2.62

0.27

-0.14

0.14

0.49

0.62

0.25

0.46

-3.56

-0.48

0.41

0.27

0.54

0.73

0.64

0.14

0.30

-0.11

0.01

0.35

Net income per share - diluted (note 16)

0.20

0.62

-2.62

0.27

-0.14

0.14

0.48

0.62

0.25

0.46

-3.54

-0.48

0.40

0.26

0.52

0.71

0.63

0.14

0.30

-0.11

0.01

0.35

Cash dividends declared per common share

0.08

0.08

0.22

0.22

0.22

0.00

0.42

0.20

0.20

0.20

-

-

-

-

-

-

-

-

-

-

-

-

COMPREHENSIVE INCOME
Attributed to common shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

121,461

-

-

-

-

-

-

Net income for the year

37,676

108,852

-453,316

47,311

-24,380

23,859

82,770

106,326

43,272

78,548

-601,430

-81,614

68,825

45,264

-

-

100,360

22,332

47,936

-16,966

1,227

54,341

Other comprehensive income (loss):
Unrealized change in fair value of available- for- sale securities

5,264

21,018

-13,108

11,530

-20,802

-173

-4,877

14,925

-22,058

-15,019

-2,793

-36,226

-3,492

7,067

25,438

6,240

23,343

9,628

38,970

17,658

14,337

5,072

Reclassification to impairment loss on available- for- sale securities

2,419

-

5,665

299

17,313

10,995

-

600

11,581

-

7,157

-3,402

420

4,394

11,301

7,840

0

346

-

6,474

-

-

Reclassification to gain on sale of available- for- sale securities

5,016

273

-

-

-

-

-

-

-6,731

-

-

-

-

-

-

-

-

-

-

-

-

-

Derivative financial instruments (note 20): unrealized gain

1,920

-586

-132

1,699

-1,932

81

-835

5,983

-5,540

7,274

-

-15,994

-

-

-

-

-

-

724

6,305

12,106

-2,848

Income tax impact of other comprehensive income (loss) items (note 23)

506

-154

-10

448

-508

19

-275

1,577

-1,196

1,919

1,934

-4,190

535

-580

-744

-12

-12

-12

-5,922

628

2,923

-28

Items that will not be subsequently reclassified to net income:
Income tax impact (note 23)

25

187

84

-21

37

37

-566

-419

502

-75

-

-

-

-

-

-

-

-

-

-

-

-

Other comprehensive income (loss) for the year

4,151

20,836

-7,032

13,023

-4,809

10,988

-22,404

18,760

-6,686

-9,875

10,086

-44,518

-3,267

2,203

10,929

-66,143

23,308

9,247

31,883

12,538

22,240

4,996

Comprehensive income for the year

41,827

129,688

-460,348

60,334

-29,189

34,847

60,366

125,086

36,586

68,673

-591,344

-126,132

65,558

47,467

-

-

123,668

31,579

79,819

-4,428

23,467

59,337

Reclassification to production costs

70

-545

-82

219

-10

-10

1,500

1,255

-527

510

-

-

-

-

-

-

-

-

-

-

-

-

Reclassification to interest expense

-

-

-

-10

-

-

-

-10

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reclassification to general and administrative expense

165

165

244

131

131

131

-641

-345

1,379

224

-

-

-

-

-

-

-

-

-

-

-

-

Adjustments for derivative financial instruments settled during the year (note 15)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,863

3,986

1,287

-2,737

Basic (in shares)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

167,461

156,899

156,692

-

156,164

155,805

155,184

Diluted (in shares)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

170,679

159,920

159,093

-

158,907

157,763

157,196

Net income (loss) for the period

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

121,461

-

-

-

-

-

-

Net amount reclassified to net income on acquisition of business (note 10)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

64,508

-

-

-

-

-

-

Change in unrealized gain (loss) on pension benefits liability (note 6(b))

-

-

-

-

-

-

-

-

-

-

-

110

-110

-110

-4,234

47

47

47

404

337

-7

-7

Attributed to common shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

55,318

-

-

-

-

-

-