Agnico Eagle Mines (NYSE: AEM)

Currency in USD

Last close As at 25/09/2023

USD48.58

−1.66 (−3.30%)

Market capitalisation

USD24,041m

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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Agnico Eagle Mines — Record-breaking production

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Agnico Eagle Mines — A year of optimisation ahead

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Agnico Eagle Mines — A record-breaking year

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Agnico Eagle Mines — Moving forward during difficult times

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Equity Analyst

Lord Ashbourne

Lord Ashbourne

Director, Energy & Resources

Key Management

  • Brian Christie

    IR - Dir

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 2.7 (1.1) 24.3
Relative 4.3 (0.8) 5.9
52 week high/low US$60.4/US$37.5

Financials

Agnico Eagle Mines (AEM) reported record quarterly gold production of 873koz in Q223 at a US$840/oz total cash cost and a US$1,150/oz all-in sustaining cost (AISC) that drove strong financial results of adjusted EPS of US$0.65/share and operating cash flow of US$1.46/share. Record-breaking production reflects 100% ownership for the full quarter of Canadian Malartic, which will add c 80–90koz in attributable production per quarter. Additionally, AEM recorded the safest half-year performance in its history. Guidance for FY23 has been reiterated at 3.24–3.44Moz at a cash cost of US$840–890/oz and AISC of US$1,140–1,190/oz. The quarterly dividend remains at US$0.40/share.