Agnico Eagle Mines is trading at $175.48, down 4.16%, as production declines and rising costs may weigh on shares.
- Third-quarter results, reported after the October 28 close, beat earnings and revenue estimates; all-in sustaining costs rose to $1,648 per ounce.
- Management expects full-year production near the lower end of guidance and costs near the upper end.
- Gold also fell on October 29 after the Federal Reserve held rates without clear policy signals.