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Drop in zinc price outweighs gold and silver strength for Agnico Eagle 2Q

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24 July 2008 @ 02:25 am EST

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Profit at Agnico-Eagle Mines (AEM.TO) dropped by a steeper than expected 78 percent in the second quarter, the company said on Wednesday, as it also cut its 2008 gold output forecast and warned of a 40 percent jump in capital costs.

The Canadian gold producer earned $8.3 million, or 6 cents a share,...

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