AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Agnico Eagle’s Q2 net profit is US$37.7 million, revenue rises on higher output TORONTO – Agnico Eagle Mines Ltd (TSX:AEM) had US$37.7 million of net income in the second quarter and the profit would have been higher without costs associated with its acquisition of a 50 per cent stake in Osisko Mining, in partnership with Yamana Gold (TSX:YRI).Agnico Eagle’s profit for the three months ended June 30 amounted to 20 cents per share, which compares with a net loss of $24.4 million or 14 cents per share a year earlier.Excluding a US$6.1-million item related to Osisko, foreign exchange, stock options and a non-recurring gain, Agnico would have had US$52.8 million of net income or 28 cents per share in the second quarter.Its revenue was US$437.8 million, up from $336.4 million in the second quarter of 2013, due to significantly higher gold production volumes.Agnico Eagle said its production benefitted from higher grades of ore at its Meadowbank mine in Nunavut and contributions from production at Goldex and La India.“With the closing of the Osisko transaction in the second quarter, we are now working closely with our partner Yamana to optimize the Canadian Malartic mine and maximize the potential of the Kirkland Lake portfolio,” Sean Boyd, Agnico’s president and chief executive officer, said in a statement issued Wednesday after markets closed..Agnico Eagle also said Wednesday that it’s increasing its 2014 production guidance to about 1.35 million ounces, which is above the 2014 guidance range of 1.175 million to 1.205 million ounces. by The Canadian Press Posted Jul 30, 2014 5:10 pm MDT read more

Being launched this October, the Best Practice Programme (UK) will show delegates from the automotive supply chain, training providers and other interested parties, excellent examples of modern business management in UK auto manufacturing. For more details, or to apply for the course, please contact: Academy Chief Executive, Dr Alan Begg said of the new programme, ‘If the UK is to retain a viable manufacturing base, automotive companies must embrace and apply the very best in industry practices. The Academy’s Best Practice (UK) programme will expose people to the very best elements of our industry and help them to apply those tools and techniques to their place of work. I applaud the spirit and generosity of the people and companies who will open their doors to us.’ East or West? Home is Best. Applications are now open for the first programme to be run between 17-21 October, with a second running from 14-18 November. The delegate rate of £2,500 includes all the course materials, transportation between venues, bed and breakfast accommodation and dinner. Also included is exclusive access to the special guests joining the programme to share their experiences and expertise. Did you think the very best of automotive manufacturing can only be experienced in Japan? Then think again! Japanese companies may have pioneered the most advanced ideas and set the global standard, but many UK organisations, have now embraced those same lean tools and techniques and can provide an excellent forum for learning. This is the message being given on the Automotive Academy’s new Best Practice Programme. The five-day programme is made up of a series of themed workshops and company visits to the likes of Nissan in Sunderland, TI Automotive in Telford, Kautex Unipart in Coventry and, for a non-auto perspective, Electrolux in County Durham. Each visit will show leading-edge aspects of process management such as cost engineering, lean accounting, problem solving, lean manufacturing and e-procurement. Topic experts will also join the group over dinner each evening for lively discussion. Arthur David on 0121 717 6600, e-mail arthur.david@industryforum.co.ukorIan Buckingham on 0121 717 6655, e-mail ian.buckingham@automotiveacademy.co.uk Note:The full course brochure can be downloaded belowDownloadClick to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window) read more