AGNICO EAGLE MINES (AEM) Company Report

Globex Mining Enterprises Inc. announced initial results from Emperor Metals Inc.'s 2025–2026 drilling program on the Duquesne West gold property, which is 50% owned by Globex.
The drilling program includes 15,000 metres of new drilling and 8,000 metres of historical core resampling, with assay results received representing approximately 7% of the new drilling program and 4% of total anticipated assays for the 2025–2026 season.
Drill hole DQ25-01 intersected 107.7 metres grading 0.5 g/t Au, indicating a more extensive mineralized system than previously recognized.
The Duquesne West project currently hosts an updated inferred mineral resource estimate of 26.9 Million Tonnes (Mt) containing 1.46 million ounces (Moz) of gold at an average grade of 1.69 g/t Au.
Emperor's 2026 strategic plan for Duquesne West focuses on exploring lower-grade discoveries, increasing the thickness of high-grade lenses, expanding mineralized zones, and discovering new zones, particularly eastward expansion.

3 days ago

Press Release

Agnico Eagle Mines Increases Investment in Maple Gold Mines

AEM

New Projects/Investments

M&A

Agnico Eagle Mines Limited (AEM) acquired 662,780 common shares of Maple Gold Mines Ltd. (MGM) for a total consideration of C$1,623,811 at C$2.45 per share on February 17, 2026.
Following these share purchases, Agnico Eagle's ownership interest in Maple Gold Mines increased to approximately 12.98% on a non-diluted basis and 13.73% on a partially-diluted basis.
This investment aligns with Agnico Eagle's strategy of acquiring strategic positions in prospective opportunities with high geological potential.
Agnico Eagle maintains an investor rights agreement with Maple Gold Mines, which includes the right to participate in equity financings to maintain its pro rata ownership or acquire up to a 19.9% interest, and the right to nominate directors.

Feb 17, 2026, 10:45 PM

Press Release

Agnico Eagle Mines Reports Record 2025 Financials, Raises Dividend, and Outlines Long-Term Growth Plan

AEM

Earnings

Dividends

New Projects/Investments

Agnico Eagle Mines reported record financial results for Q4 and full-year 2025, including $4.4 billion in free cash flow for the year and $1.4 billion returned to shareholders through dividends and share buybacks.
The company increased its quarterly dividend by 12.5% to $0.45 per share and intends to renew its normal course issuer bid up to $2 billion.
For 2026, the company forecasts stable annual production of 3.3-3.5 million ounces over the next three years, with midpoint cash costs of $1,070 per ounce and all-in sustaining costs of $1,475 per ounce.
AEM plans to increase production by 20%-30% over the next decade, targeting over 4 million ounces of annual production by the early 2030s, supported by accelerated investments in key projects.
The company ended 2025 with record reserves of 55.4 million ounces (up 2%) and record measured and indicated resources of 47.1 million ounces (up almost 10%).

Feb 13, 2026, 4:00 PM

Transcript

Agnico Eagle Reports Record 2025 Financials and Outlines Future Growth Plans

AEM

Earnings

New Projects/Investments

Dividends

Agnico Eagle reported record financial results for 2025, including $4.4 billion in free cash flow from 3.45 million ounces of gold production, and ended the year with $2.9 billion in cash after repaying approximately $950 million in debt.
The company delivered record shareholder returns of $1.4 billion in 2025, increased its quarterly dividend by 12.5% to $0.45 per share, and plans to renew its share buyback program up to $2 billion for 2026, aiming to return 40% or higher of free cash flow to shareholders.
Agnico Eagle forecasts stable annual production of 3.3-3.5 million ounces over the next three years, with 2026 cash costs guided at a midpoint of $1,070 per ounce and all-in sustaining costs at $1,475 per ounce.
The company is accelerating investments in key growth projects, with a plan to increase annual production by 20%-30% to over 4 million ounces by the early 2030s, estimating $5 billion-$6 billion in growth spending from 2026 through 2030.

Feb 13, 2026, 4:00 PM

Transcript

Agnico Eagle Mines Reports Record 2025 Financials, Raises Dividend, and Outlines Long-Term Growth Plan

AEM

Earnings

Guidance Update

New Projects/Investments

Agnico Eagle Mines reported record financial results for full-year 2025, generating $4.4 billion in free cash flow and ending the year with $2.9 billion in cash after repaying approximately $950 million of debt.
For 2025, the company exceeded its guidance midpoint with 3.45 million oz of gold production. For 2026, it forecasts a stable annual production profile of 3.3-3.5 million oz over the next three years , with cash costs at a midpoint of $1,070 per ounce and all-in sustaining costs at $1,475 per ounce.
The company increased its quarterly dividend by 12.5% to $0.45 per share and plans to renew its normal course issuer bid to increase the purchase limit up to $2 billion. It aims to increase the return of free cash flow to shareholders from one-third in 2025 to 40% or higher in 2026.
Agnico Eagle plans to increase production by up to 20%-30% over the next decade, targeting over 4 million oz of annual production by the early 2030s, supported by record reserves and resources. Key growth projects like Detour Lake, Canadian Malartic, Upper Beaver, and Hope Bay are being aggressively advanced, with the potential to add 1.3-1.5 million oz of annual production.

Feb 13, 2026, 4:00 PM

Transcript

Agnico Eagle Mines Reports Record Q4 and Full Year 2025 Results, Increases Dividend, and Updates Guidance

AEM

Earnings

Guidance Update

Dividends

Agnico Eagle Mines Limited reported record free cash flow of $4,399 million or $8.76 per share and record cash provided by operating activities of $6,817 million or $13.58 per share for the full year 2025.
The company achieved its annual production guidance with 3,447,367 ounces of payable gold production in 2025, at production costs per ounce of $965.
Agnico Eagle provided updated three-year guidance, forecasting stable payable gold production of approximately 3.3 to 3.5 million ounces annually from 2026 to 2028. Total cash costs per ounce and all-in sustaining costs per ounce are forecast to be in the range of $1,020 to $1,120 and $1,400 to $1,550, respectively, in 2026.
The company announced a 12.5% dividend increase and reported record year-end 2025 gold mineral reserves of 55.4 million ounces, an increase of 2.1%.

Feb 12, 2026, 10:40 PM

6-K

Agnico Eagle Mines Updates on 2025 Exploration Results and 2026 Plans

AEM

Guidance Update

New Projects/Investments

Agnico Eagle Mines Limited reported a 2.1% increase in year-end 2025 gold mineral reserves to 55.4 million ounces, primarily due to mineral reserve replacement from operating mines and the initial declaration of mineral reserves at the Marban deposit.
Measured and indicated mineral resources grew 9.6% to 47.1 million ounces, and inferred mineral resources increased by 15.5% to 41.8 million ounces at year-end 2025.
For 2026, the company expects total exploration expenditures and project expenses to be between $565 million and $635 million, with a mid-point of $600 million.

Feb 12, 2026, 10:30 PM

Press Release

Agnico Eagle Reports Record 2025 Financial Results and Stable Three-Year Production Guidance

AEM

Earnings

Guidance Update

New Projects/Investments

Agnico Eagle reported record annual free cash flow of $4,399 million or $8.76 per share and a strengthened net cash position of $2,670 million as of December 31, 2025.
The company achieved its annual production guidance for 2025 with 3,447,367 ounces of payable gold production, at total cash costs of $979 per ounce and all-in sustaining costs (AISC) of $1,339 per ounce.
Agnico Eagle forecasts stable annual payable gold production of 3.3 to 3.5 million ounces from 2026 to 2028, with 2026 total cash costs per ounce expected between $1,020 and $1,120 and AISC per ounce between $1,400 and $1,550.
Year-end 2025 gold mineral reserves increased by 2.1% to a record 55.4 million ounces, supporting a potential 20-30% increase in annual gold production over the next decade, exceeding four million ounces by the early 2030s.

Feb 12, 2026, 10:00 PM

Press Release

FireFly Metals Reports Significant Mineral Resource Growth and Strong Financial Position

AEM

New Projects/Investments

Equity Issuance

Board Change

FireFly Metals Ltd. announced a 51% increase in its Green Bay Mineral Resource to 50.4Mt @ 2.0% Copper Equivalent (CuEq) in Measured & Indicated (M&I) categories, significantly boosting contained copper and gold, which will underpin future economic studies.
The company successfully completed an ~A$139 million equity raising and a A$10 million Share Purchase Plan, substantially strengthening its financial position.
FireFly enters 2026 well-funded with ~A$250.9 million in cash and liquid investments as of December 31, 2025, to support its aggressive drilling program and advance project development.
A Preliminary Economic Assessment (PEA) is scheduled for completion in the June 2026 quarter, with a Feasibility Study expected by the end of the 2026 calendar year.

Jan 30, 2026, 12:22 AM

Press Release

Agnico Eagle Announces Barsele Project Agreement with Goldsky Resources Corp.

AEM

M&A

New Projects/Investments

Agnico Eagle Mines Limited (AEM), through its subsidiary Agnico Sweden AB, has entered into an agreement to sell its 55% interest in Gunnarn Mining AB, which holds the Barsele project, to Goldsky Resources Corp..
The consideration for this transaction includes US$20,000,000 in cash, the issuance of 75,509,577 common shares of Goldsky (valued at C$2.64 per share), and a 2% net smelter return royalty on the Barsele project to Agnico Sweden.
This agreement will increase Agnico Eagle's beneficial ownership in Goldsky Resources Corp. from approximately 4.1% to approximately 32.5% of the issued and outstanding common shares.
The transaction, which is part of Agnico Eagle's portfolio optimization efforts, is expected to close on or prior to June 30, 2026.