Agnico Eagle Mines

US: AEM

Market Cap$22,747m

Last Close $49.89

Agnico Eagle operates eight mines in Canada, Finland and Mexico and is among the top 15 largest gold mining companies in the world. It seeks to build a high-quality business that generates superior long-term returns for shareholders and contributes to the communities in which it operates.

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Investment summary

Agnico Eagle Mines (AEM) reported a strong set of Q3 results, delivering gold production of 816,795oz at competitive cash and all-in sustaining costs (AISC) of US$779/oz and US$1,106/oz, respectively, notwithstanding cost pressures, constraints regarding workforce availability and the lingering aftermath of COVID-19. Material mark-to-market losses on foreign exchange and oil hedges of US$134.5m distorted headline earnings. However, excluding these non-cash, exceptional items, adjusted net income was US$235.4m or US$0.52/share, compared to US$119.0m or US$0.49/share in Q321. The quarterly dividend was held at US$0.40/share.

Content on Agnico Eagle Mines
Agnico Eagle Mines – Moving forward during difficult times
Metals & mining | research QuickView | 1 November 2022
Closeup of big gold nugget
Agnico Eagle Mines – First view of an emerging champion
Metals & mining | research QuickView | 3 May 2022
Closeup of big gold nugget
Agnico Eagle Mines – Creating a Canadian champion
Metals & mining | research QuickView | 29 September 2021
Closeup of big gold nugget
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Sector
Metals & mining
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Share price graph
Price performance
%
1m
3m
12m
Actual 10.4 14.5 (1.6)
Relative* 8.9 16.6 15.8
52-week high/low US$65.8/US$37.5
*% relative to local index
Key management
Brian Christie IR - Dir