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The chief executive officer of Agnico-Eagle Mines Ltd. says the mid-tier producer is poised for strong growth this year as more projects come on stream alongside an anticipated return to climbing gold prices. Sean Boyd told shareholders at the annual meeting yesterday in Toronto that the company is on track with its plan to increase production and reserves as four of its mines begin production. The company poured its first gold at the Goldex mine in Quebec this week. Among the company's other projects, the Kittila mine in Finland will begin concentrate production in August, while construction is ongoing at Pinos Altos in Mexico, with production expected to begin in the third quarter of 2009. Mr. Boyd's comments came after Agnico-Eagle posted a first-quarter profit of $28.9-million (U.S.), or 20 cents per share, up from $24.9-million, also 20 cents, a year ago as revenue grew 18 per cent. Quarterly revenue totalled $119.1 million, up from $100.7 million. AEM (TSX) fell 71 cents to $66.74.

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