05:33 PM EDT, 10/30/2024 (MT Newswires) -- Agnico Eagle Mines ( AEM ) was up 1.1% in after-hours New York trading after the company on Wednesday afternoon said its third-quarter profit and revenue rose year-over-year and beat market expectations.

The company said it earned US$572.6 million, or US$1.14 per share, in the period, up from US$216.1 million or $0.44, in the year-prior quarter.. Analysts polled by Capital IQ expected a profit of US$1.02 per share.

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Revenue from mining operations rose to US$2.16 billion, up from US$1.64 billion a year ago. Analysts surveyed by Capital IQ expected US$2.11 billion.

The company said it is "well positioned" to meet its gold production targets for 2024. The guidance for total cash costs per ounce, all-in-sustaining costs per ounce, and capital expenditures for the year remains unchanged.

The company said its board maintained a quarterly dividend of US$0.40 per share, payable on Dec. 16 to shareholders of record as of Nov. 29.

Agnico shares were last seen up US$1.20 to US$89.30 after hours. They closed down $1.05 to $122.69 on the Toronto Stock Exchange.