Production and Operations - The company anticipates an average gold production increase at Fosterville to approximately 175,000 ounces per year[1]. - The company plans to expand operations at Detour Lake, Upper Beaver, and Odyssey, with specific timelines and funding yet to be detailed[1]. - The company is implementing a "fill-the-mill" strategy at Canadian Malartic, which includes potential development of a second shaft at Odyssey[1]. - Future capital expenditures and cash needs are projected, with expectations for funding to align with operational growth[1]. - The company is focused on optimizing production and recovery rates, with ongoing efforts to enhance mill throughput[1]. - The company is evaluating the potential for additional gold production at its sites, with studies and evaluations ongoing[1]. - Total gold production from all operations is projected at 54,284 ounces[261]. - Total gold production reached 1,167,047 ounces with an average grade of 1.14 g/t[1]. - Total silver production was 64,636 tonnes with an average grade of 29.13 g/t[1]. - Total copper production amounted to 40,662 tonnes with an average grade of 0.27%[1]. - Total zinc production was 20,131 tonnes with an average grade of 0.86%[1]. - The overall gold production across all projects indicates a strong performance with significant contributions from multiple mines[269]. Mineral Reserves and Resources - Proven and Probable Gold Reserves total 1,276,888 ounces with an average grade of 1.32 g/t[261]. - LaRonde mine has Proven Gold Reserves of 712,000 ounces at a grade of 4.26 g/t[260]. - Canadian Malartic mine has Proven Gold Reserves of 680,000 ounces at a grade of 0.93 g/t[261]. - Detour Lake total reserves include 795,105 ounces of gold at an average grade of 0.75 g/t[260]. - Total Silver Reserves amount to 53,021 ounces with an average grade of 23.46 g/t[261]. - Total Copper Reserves are 700,488 tonnes with an average grade of 0.77%[261]. - Total Zinc Reserves are 882,252 tonnes with an average grade of 1.39%[261]. - The company maintains a focus on expanding its mineral resource base through ongoing exploration and development initiatives[262]. - The company emphasizes that inferred mineral resources may not be economically or legally mineable[283]. Financial Performance - Revenue from mining operations for Q4 2024 reached $2,223.7 million, a 26.5% increase from $1,756.6 million in Q4 2023[287]. - Net income for the period was $509.3 million, compared to a net loss of $374.1 million in Q4 2023, marking a significant turnaround[287]. - Total gold production for the year 2024 was 3,485,336 ounces, slightly up from 3,439,654 ounces in 2023[289]. - Cash provided by operating activities for the year was $3,960.9 million, an increase of 52.1% from $2,601.6 million in 2023[287]. - The average realized gold price per ounce in Q4 2024 was $2,660, up 34.3% from $1,982 in Q4 2023[287]. - Total operating margin for the year was $5,199.7 million, a 40.7% increase from $3,693.6 million in 2023[287]. - Payable gold sold in Q4 2024 totaled 824,902 ounces, a decrease from 874,629 ounces in Q4 2023[291]. - Exploration, corporate, and other expenses for the year were $864.0 million, up from $599.2 million in 2023[287]. - The company reported a total of 1,860 tonnes of zinc produced in Q4 2024, compared to 1,384 tonnes in Q4 2023[289]. - Cash used in investing activities for the year was $2,007.1 million, down from $2,760.8 million in 2023[287]. - The company reported total assets of $29,987.0 million as of December 31, 2024, an increase from $28,684.9 million as of December 31, 2023[300]. - Cash and cash equivalents increased to $926.4 million in 2024 from $338.6 million in 2023, indicating improved liquidity[300]. - The adjusted net income per share for Q4 2024 was $1.26, compared to $0.58 in Q4 2023, showing a substantial increase[301]. - Total current liabilities rose to $1,511.97 million in 2024 from $1,048.03 million in 2023, reflecting a 44.3% increase[300]. - The company’s retained earnings increased to $2,026.2 million in 2024 from $963.2 million in 2023, reflecting strong profitability over the year[300]. Cost Management and Economic Factors - The company is assessing the impact of inflation on costs and results, with a focus on maintaining operational efficiency[1]. - The estimated gold price for mineral reserve estimation is $1,450 per ounce[271]. - The estimated silver price for mineral reserve estimation is $20.00 per ounce[271]. - The company uses conservative price assumptions below three-year historic averages for gold and silver[274]. - The exchange rate used for estimations is C$1.34 per US$1.00[273]. Environmental and Regulatory Considerations - The company is committed to addressing climate change and reducing greenhouse gas emissions as part of its operational strategy[1]. - The company is actively pursuing necessary permits and authorizations for its exploration and development projects[1]. - The company does not intend to update forward-looking statements unless required by law, reflecting its current views and expectations[2].

Stock Symbol: AEM (NYSE and TSX) (All amounts expressed in U.S. dollars unless otherwise noted) TORONTO, Feb. 13, 2025 /PRNewswire/ - Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) ("Agnico Eagle" or the "Company") is pleased to provide an update on year-end 2024 mineral reserves and mineral resources, exploration activities at mine sites and select advanced projects in 2024, and the Company's exploration plans and guidance for 2025. The Company's exploration focus remains on extending mine life at exist ...

Core Viewpoint - Agnico Eagle Mines Limited reported record operational and financial performance for 2024, achieving production and cost guidance, reducing net debt significantly, and returning substantial capital to shareholders while maintaining a focus on cost control and capital discipline [2][3]. Financial Performance - Fourth quarter 2024 net income was $509 million ($1.02 per share), with adjusted net income reaching a record $632 million ($1.26 per share) [3][25]. - Full year 2024 net income totaled $1,896 million, slightly down from $1,941 million in 2023, primarily due to higher tax expenses and derivative losses [26]. - Cash provided by operating activities for 2024 was $3,961 million, with free cash flow of $2,143 million [3][27]. Production and Cost Metrics - Fourth quarter gold production was 847,401 ounces at production costs of $881 per ounce, total cash costs of $923 per ounce, and all-in sustaining costs (AISC) of $1,316 per ounce [3][13]. - Full year 2024 gold production reached 3,485,336 ounces, with production costs of $885 per ounce, total cash costs of $903 per ounce, and AISC of $1,239 per ounce [3][13]. - The company achieved record throughput and mining rates during the year, contributing to operational efficiencies [3]. Mineral Reserves and Resources - Year-end 2024 gold mineral reserves increased by 0.9% to a record 54.3 million ounces [3][44]. - Inferred mineral resources rose by 9.5% to 36.2 million ounces, driven by successful exploration drilling [49][50]. - Measured and indicated mineral resources decreased by 2.3% to 43.0 million ounces due to upgrades to reserves [47][48]. Debt Management and Financial Position - The company reduced net debt by $1.3 billion in 2024, ending the year with net debt of $217 million [3][34]. - Total long-term debt was $1,143 million as of December 31, 2024, down from $1,467 million in the previous quarter [33]. Shareholder Returns - A quarterly dividend of $0.40 per share was declared for Q1 2025, continuing a consistent dividend payment history since 1983 [39][40]. - The company repurchased 248,700 common shares for $20 million in Q4 2024, part of a broader share buyback program [42]. Future Guidance and Capital Expenditures - The company forecasts stable gold production of approximately 3.3 to 3.5 million ounces annually from 2025 to 2027 [3]. - Capital expenditures for 2025 are expected to be between $1.75 billion and $1.95 billion, with increased investment in pipeline projects [3][60]. - The company is advancing several key projects, including Odyssey and Detour Lake, which are expected to support future production growth [3][62].

Core Viewpoint - Agnico Eagle Mines Limited (AEM) is expected to report its fourth-quarter 2024 results on February 13, with anticipated strong performance driven by higher gold prices and robust production levels [1][2]. Revenue Estimates - The Zacks Consensus Estimate for AEM's revenues for the upcoming quarter is $2,097.2 million, indicating a year-over-year increase of approximately 19.4% [5]. Performance Factors - AEM's performance is likely to benefit from higher gold prices, which increased by roughly 27% last year due to strong demand from central banks, monetary easing in the U.S., global uncertainties, and heightened safe-haven demand amid geopolitical tensions [6]. - The estimated realized gold price for the fourth quarter is projected at $2,475 per ounce, reflecting a 24.9% year-over-year increase [6]. - Continued strong gold production is expected, with an estimated payable gold production of 818,809 ounces for the December quarter [9]. Cost Challenges - AEM faces challenges from rising production costs, with total cash costs per ounce of gold increasing by approximately 3% year-over-year in the third quarter of 2024. All-in-sustaining costs (AISC) also rose by about 6% year-over-year [10]. Earnings Prediction - The earnings ESP for AEM is -2.02%, and the Zacks Consensus Estimate for earnings for the fourth quarter is currently set at $1.17. The model does not conclusively predict an earnings beat for AEM this season [11][12].

Company Performance - Agnico Eagle Mines (AEM) closed at $98.96, with a daily increase of +0.37%, outperforming the S&P 500's gain of 0.36% [1] - Over the last month, AEM shares have increased by 18.28%, significantly surpassing the Basic Materials sector's gain of 7.62% and the S&P 500's gain of 2.11% [1] Earnings Forecast - The company is expected to release its earnings on February 13, 2025, with projected earnings of $1.17 per share, indicating a year-over-year growth of 105.26% [2] - Quarterly revenue is anticipated to be $2.1 billion, reflecting a 19.39% increase from the previous year [2] Analyst Estimates - Recent changes to analyst estimates for AEM suggest a favorable outlook on the company's business health and profitability [3] - The Zacks Rank system, which considers these estimate changes, indicates a current rank of 3 (Hold) for AEM [5] Valuation Metrics - AEM is currently trading at a Forward P/E ratio of 20.78, which is higher than the industry average of 11.41, suggesting a premium valuation [6] - The company has a PEG ratio of 0.66, aligning with the average PEG ratio of the Mining - Gold industry [7] Industry Context - The Mining - Gold industry is part of the Basic Materials sector and holds a Zacks Industry Rank of 79, placing it in the top 32% of over 250 industries [8]

Core Viewpoint - The market anticipates Agnico Eagle Mines (AEM) will report a year-over-year increase in earnings driven by higher revenues, with a focus on how actual results compare to estimates impacting stock price [1][2]. Earnings Expectations - Agnico is expected to report earnings of $1.17 per share, reflecting a year-over-year increase of +105.3%, with revenues projected at $2.1 billion, up 19.4% from the previous year [3]. - The earnings report is scheduled for February 13, 2025, and could influence stock movement based on whether results exceed or fall short of expectations [2]. Estimate Revisions - The consensus EPS estimate has been revised 3.78% higher in the last 30 days, indicating a reassessment by analysts [4]. - A negative Earnings ESP of -2.02% suggests analysts have recently become bearish on Agnico's earnings prospects, complicating predictions of an earnings beat [10][11]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive or negative reading can predict deviations from consensus estimates, with a strong predictive power for positive readings [7][8]. - Agnico's historical performance shows it has beaten consensus EPS estimates in the last four quarters, with a notable surprise of +16.33% in the last reported quarter [12][13]. Industry Comparison - Kinross Gold (KGC), another player in the gold mining industry, is expected to report earnings of $0.23 per share, a year-over-year increase of +109.1%, with revenues projected at $1.11 billion, down 0.7% from the previous year [17]. - Kinross has an Earnings ESP of 8.70% and has consistently beaten consensus EPS estimates in the last four quarters, indicating a more favorable outlook compared to Agnico [18].

Group 1 - Zacks Premium offers various tools for investors to enhance their stock market strategies, including daily updates, research reports, and stock screens [1] - The Zacks Style Scores are designed to help investors select stocks with the highest potential to outperform the market within a 30-day timeframe, rated from A to F based on value, growth, and momentum [2][10] - The Value Score focuses on identifying undervalued stocks using financial ratios such as P/E and Price/Sales to highlight attractive investment opportunities [3] - The Growth Score evaluates a company's future prospects by analyzing projected and historical earnings, sales, and cash flow to identify sustainable growth stocks [4] - The Momentum Score assists investors in capitalizing on price trends by assessing recent price changes and earnings estimate revisions [5] - The VGM Score combines all three Style Scores, providing a comprehensive indicator for investors seeking a balanced approach to value, growth, and momentum [6] Group 2 - The Zacks Rank is a proprietary model that leverages earnings estimate revisions to guide investors in building successful portfolios [7] - Stocks rated 1 (Strong Buy) have historically achieved an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [8] - Investors are encouraged to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B to maximize potential returns [10] - The direction of earnings estimate revisions is crucial when selecting stocks, as a downward trend in earnings forecasts can indicate a higher risk of price decline [11] Group 3 - Agnico Eagle Mines Limited, a gold producer based in Toronto, has mining operations in Canada, Mexico, and Finland, and completed a merger with Kirkland Lake Gold in February 2022 [12] - AEM currently holds a Zacks Rank of 3 (Hold) with a VGM Score of A, indicating a solid position in the market [12] - AEM's Momentum Style Score is A, with shares increasing by 18.3% over the past four weeks, and analysts have revised earnings estimates upwards for fiscal 2024 [13]

The Offer has now expired and Agnico Eagle has taken-up and acquired 95.6% of the issued and outstanding O3 Mining shares Agnico Eagle and O3 Mining will enter into an amalgamation agreement under which Agnico Eagle will acquire all remaining O3 Mining shares by way of amalgamation Remaining O3 Mining shares (other than shares held by dissenting shareholders) and warrantholders who exercise their warrants after the amalgamation will receive $1.67 per share in cash Questions or Need Assistance? Contact Laur ...

Samuel Smith has a diverse background that includes being lead analyst and Vice President at several highly regarded dividend stock research firms and running his own dividend investing YouTube channel. He is a Professional Engineer and Project Management Professional and holds a B.S. in Civil Engineering & Mathematics from the United States Military Academy at West Point and has a Masters in Engineering from Texas A&M with a focus on applied mathematics and machine learning.Samuel leads the High Yield Inve ...

In a recent article , the importance of being very selective when choosing a gold miner to invest in was discussed. It’s easy to see why when you look at the really ugly charts for Newmont (I have been an active trader for more years than I can remember, During that time I have gained experience in investing in just about everything; commodities, stocks, options, and an occasional flutter with futures contracts. Fortunately, I have had some success, which has enabled me to retire from the 9 – 5.Analyst’s Di ...