Agnico Eagle Mines (NYSE: AEM)

Last close As at 13/04/2024

USD61.67

0.41 (0.67%)

Market capitalisation

USD30,770m

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 of Content, Mining

Key Management

  • Brian Christie

    IR - Dir

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 10.8 19.4 8.6
Relative 9.1 9.8 (14.2)
52 week high/low US$62.2/US$43.4

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.

Research

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Metals & Mining

Agnico Eagle Mines — Moving forward during difficult times

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Metals & Mining

Agnico Eagle Mines — First view of an emerging champion

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Metals & Mining

Agnico Eagle Mines — Creating a Canadian champion

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Metals & Mining

Agnico Eagle Mines — Continuing strong

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Metals & Mining

Agnico Eagle Mines — Showing its metal in Q3

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Metals & Mining

Agnico Eagle Mines — Record production and cash flow

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Metals & Mining

Agnico Eagle Mines — Imminent return to free cash-flow generation

Thematics

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Metals & Mining

Shades of the 1970s

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Metals & Mining

Critical minerals: The investment vacuum

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Metals & Mining

Lithium’s adolescence

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Metals & Mining

Lepidico: Offer closes, oversubscribed

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