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Agnico-Eagle loses $604 million on Meadowbank writedown

Andrew Topf | February 17, 2012 | 6:42 am Precious Metals Canada Europe Gold 

Canadian gold producer Agnico-Eagle Mines reported a $604 million loss in the fourth quarter after writing down its Meadowbank mine in Nunavut, northern Canada. In a statement, the company (TSE:AEM) said the $644 million writedown was a result of "persistently...

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