Agnico Eagle Mines (US: AEM)

Currency in USD

Last close As at 04/02/2023

USD57.20

1.22 (2.18%)

Market capitalisation

USD26,080m

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.

Latest Insights

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Metals & Mining

Agnico Eagle Mines — Creating a Canadian champion

Metals & Mining

Agnico Eagle Mines — Continuing strong

Equity Analyst

Lord Ashbourne

Lord Ashbourne

Director, Energy & Resources

Key Management

  • Brian Christie

    IR - Dir

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 5.7 29.9 12.9
Relative (2.9) 16.9 24.0
52 week high/low US$65.8/US$37.5

Financials

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.

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