-->Agnico-Eagle tumbles as rock fall cuts production (AEM) By Tomi Kilgore
Shares of Agnico-Eagle Mines (AEM) are tumbling $1.91, or 15 percent, to $11.20 after the gold miner said late Monday that a rock fall at its LaRonde gold mine could lead to a 20-percent reduction in total 2003 gold production. Volume in the stock is 1.6 million shares, already nearly double the full-day average. The company estimates that up to 10 large mining blocks will be mined later than originally planned as a result of the rock fall. The stock hit a low of $10 earlier in the session, a level not seen since July 24.
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