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.
Metals & Mining |
QuickView
Metals & Mining |
QuickView
Metals & Mining |
QuickView
Metals & Mining |
QuickView
Brian Christie
IR - Dir
% | 1M | 3M | 12M |
---|---|---|---|
Actual | 7.6 | 19.1 | 66.5 |
Relative | 1.4 | 15.8 | 36.1 |
52 week high/low | US$82.8/US$43.4 |
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.