AGNICO EAGLE MINES (AEM) Company Report

Agnico Eagle reported record adjusted net income of $1,085 million or $2.16 per share for the third quarter of 2025.
The company's financial position strengthened, with net cash increasing to $2,159 million as of September 30, 2025, following a $400 million reduction in long-term debt and an increase in cash to $2,355 million.
For Q3 2025, payable gold production was 866,936 ounces at total cash costs of $994 per ounce and all-in sustaining costs (AISC) of $1,373 per ounce, with an average realized gold price of $3,476 per ounce.
Agnico Eagle reiterated its full-year 2025 guidance for payable gold production of 3.3 to 3.5 million ounces, and expects total cash costs and AISC to trend towards the top end of their respective guidance ranges of $915 to $965 and $1,250 to $1,300.
The company declared a quarterly dividend of $0.40 per share and repurchased 1,005,577 common shares for $150 million during the quarter.

Oct 31, 2025, 2:26 PM

6-K

Agnico Eagle Mines Ltd. Reports Record Q3 2025 Financial Results and Strengthens Balance Sheet

AEM

Earnings

Guidance Update

Share Buyback

Agnico Eagle Mines Ltd. reported record financial results for Q3 2025, including $3.1 billion in revenue, $1.1 billion in adjusted earnings ($2.16 per share), and $2.1 billion in adjusted EBITDA.
Gold production for the quarter was 867,000 ounces at an average realized price of $3,476 per ounce, with reported cash costs of $994 per ounce. The company is confident in achieving the midpoint of its full-year production guidance of 3.4 million ounces.
The company strengthened its balance sheet by repaying $400 million of debt and increasing its net cash position to $2.2 billion. Moody's also upgraded its credit rating from Baa1 to A3 with a stable outlook.
Agnico Eagle returned $350 million to shareholders through dividends and share repurchases in Q3 2025, bringing year-to-date returns to $900 million.

Oct 30, 2025, 3:00 PM

Transcript

Agnico Eagle Mines Reports Record Q3 2025 Financial Results and Strong Operational Performance

AEM

Earnings

Guidance Update

New Projects/Investments

Agnico Eagle Mines reported record financial results for Q3 2025, with revenue of $3.1 billion, adjusted earnings of $1.1 billion (or $2.16 per share), and adjusted EBITDA of $2.1 billion.
The company achieved strong gold production of 867,000 oz in Q3 2025, putting it at 77% of its full-year guidance, and anticipates meeting the midpoint of its 3.4 million oz full-year production guidance.
AEM significantly strengthened its balance sheet by repaying $400 million of debt and increasing its net cash position to $2.2 billion, while also returning $350 million to shareholders through dividends and share repurchases.
The company is actively investing in its project pipeline and exploration, completing over 1 million meters of drilling year-to-date and expecting net growth in reserves/resources by quarter or half a million ounces year-over-year.

Oct 30, 2025, 3:00 PM

Transcript

Agnico Eagle Mines Reports Record Q3 2025 Financial Results and Strengthens Balance Sheet

AEM

Earnings

Guidance Update

New Projects/Investments

Agnico Eagle Mines Limited reported record Q3 2025 financial results, including $3.1 billion in revenue, $1.1 billion in adjusted earnings ($2.16 per share), and $2.1 billion in adjusted EBITDA.
The company produced approximately 867,000 ounces of gold in Q3 2025, maintaining confidence in achieving the midpoint of its full-year production guidance of 3.4 million ounces, with total cash costs at $9.94 per ounce and all-in sustaining costs at $13.73 per ounce.
AEM significantly strengthened its balance sheet, generating $1.2 billion in free cash flow, increasing its net cash position to $2.2 billion, and repaying $750 million in debt during the quarter.
The company's credit rating was upgraded to A3 by Moody's, and it returned approximately $350 million to shareholders in Q3 2025 through dividends and share buybacks.

Oct 30, 2025, 3:00 PM

Transcript

Agnico Eagle Mines Reports Strong Q3 2025 Financial Results

AEM

Earnings

Share Buyback

Agnico Eagle Mines Limited reported a significant increase in net income to $1,055.0 million, or $2.10 per share, in the third quarter of 2025, and adjusted net income of $1,085.2 million, or $2.16 per share.
Revenues from mining operations rose to $3,059.5 million in Q3 2025 , contributing to a 9-month total of $8,343.9 million, primarily driven by a 40.2% increase in realized gold prices.
The company's cash and cash equivalents grew to $2,354.8 million as of September 30, 2025, from $926.4 million at December 31, 2024. This was supported by $402.7 million in net proceeds from the sale of equity securities and an upgrade in Moody's long-term issuer rating to A3 from Baa1 in August 2025.
Under its renewed Normal Course Issuer Bid, Agnico Eagle repurchased 1,005,577 common shares for $149.9 million at an average price of $149.02 during Q3 2025.

Oct 29, 2025, 9:00 PM

6-K

Agnico Eagle Reports Strong Q3 2025 Results with Record Adjusted Net Income and Debt Reduction

AEM

Earnings

Guidance Update

Share Buyback

Agnico Eagle reported record adjusted net income of $1,085 million or $2.16 per share and $1,190 million or $2.37 per share in free cash flow for the third quarter of 2025.
Payable gold production was 866,936 ounces in Q3 2025, with total cash costs per ounce of $994 and all-in sustaining costs (AISC) per ounce of $1,373.
The company reiterated its full-year 2025 gold production guidance of 3.3 to 3.5 million ounces.
Agnico Eagle's financial position was strengthened, with net cash increasing to $2,159 million as of September 30, 2025, and long-term debt reduced by $400 million to $196 million.
A quarterly dividend of $0.40 per share was declared, and 1,005,577 common shares were repurchased for $150 million during the quarter.

Oct 29, 2025, 9:00 PM

Press Release

Agnico Eagle Announces Investment in Fuerte Metals Corporation

AEM

New Projects/Investments

M&A

Agnico Eagle Mines Limited (AEM) announced an investment in Fuerte Metals Corporation, acquiring 5,000,000 subscription receipts at C$1.65 per Subscription Receipt for a total consideration of C$8,250,000.
Following the private placement and satisfaction of escrow release conditions, Agnico Eagle is expected to own approximately 8.12% of Fuerte's common shares on a non-diluted basis and approximately 11.65% on a partially-diluted basis (assuming exercise of warrants held by Agnico Eagle).
This investment, announced on October 9, 2025, is consistent with Agnico Eagle's strategy of making strategic equity investments in projects with high geological potential.

Oct 9, 2025, 9:07 PM

6-K

Agnico Eagle Announces Investment in Fuerte Metals Corporation

AEM

New Projects/Investments

M&A

Agnico Eagle Mines Limited invested C$8,250,000 by acquiring 5,000,000 subscription receipts of 1555489 B.C. Ltd., a wholly-owned subsidiary of Fuerte Metals Corporation, at C$1.65 per Subscription Receipt. This investment aligns with Agnico Eagle's strategy of making strategic equity investments in projects with high geological potential.
Upon satisfaction of escrow release conditions and conversion of the subscription receipts, Agnico Eagle is expected to own 10,171,310 Common Shares and 5,000,000 Warrants in Fuerte, representing approximately 8.12% of the common shares on a non-diluted basis and 11.65% on a partially-diluted basis (assuming warrant exercise).
Agnico Eagle and Fuerte are party to an investor rights agreement, granting Agnico Eagle the right to participate in equity financings to maintain or acquire up to a 9.99% ownership interest and the right to nominate one person to Fuerte's board of directors.

Oct 9, 2025, 1:15 PM

Press Release

Agnico Eagle Mines Acquires Detour East Claims from Wallbridge Mining

AEM

M&A

New Projects/Investments

Wallbridge Mining Company Limited sold the Detour East property mineral claims to Agnico Eagle Mines Limited.
The transaction involved $8 million in cash consideration.
Wallbridge will also receive a 2% Net Smelter Royalty (NSR) over the property, which includes a $4 million buyback option in favor of Agnico Eagle.
This sale provides immediate liquidity to Wallbridge and allows it to focus on its Detour-Fenelon Gold Trend Property.

Oct 2, 2025, 1:37 PM

Press Release

Agnico Eagle Announces Disposition of Royal Road Minerals Limited Interest

AEM

M&A

New Projects/Investments

Agnico Eagle Mines Limited (AEM) disposed of its entire interest in Royal Road Minerals Limited by selling 47,944,981 ordinary shares.
The sale was executed at C$0.115 per share, resulting in a total consideration of C$5,513,673.
Announced on September 26, 2025, this disposition means Agnico Eagle no longer holds any shares in Royal Road, having previously owned approximately 18% of the outstanding shares.
The company stated the sale was to monetize its investment and aligns with its strategy of periodically reviewing investments against strategic priorities.

Sep 30, 2025, 12:46 PM

6-K

Earnings Transcripts

Quarterly earnings call transcripts for AGNICO EAGLE MINES.

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