Agnico Eagle Mines is trading at CA$227.97 (-7.16%) as the October 30 gold decline pressured precious-metals shares.
- The decline came amid inflation concerns and firmer rate-hike expectations.
- Canada’s gold subgroup fell 5.3% as lower bullion prices weighed on mining stocks.
- Third-quarter all-in sustaining costs were US$1,648/oz, above the full-year guidance range’s upper end, despite an earnings beat.