Financial Data and Key Metrics Changes - Agnico Eagle reported record financial results in 2024, with record revenue of $2.2 billion, adjusted earnings of $632 million ($1.26 per share), and operating cash flow exceeding $1.1 billion ($2.26 per share) [21][22] - For the full year, gold production reached approximately 3.49 million ounces, with total cash costs around $903 per ounce and all-in sustaining costs of $1,239 per ounce [20][21] - The company reduced its net debt significantly from $1.5 billion at the start of 2024 to just $217 million by year-end [23][25] Business Line Data and Key Metrics Changes - The Nunavut platform achieved record operating margin of $1.3 billion in 2024, driven by operational records at Meliadine and Meadowbank [30] - Detour set a third consecutive quarterly mill throughput record, while Macassa and Fosterville also achieved annual production records [49][50] - Pinos Altos faced challenges due to its mature status, prompting a reassessment of productivity rates for 2025 [50] Market Data and Key Metrics Changes - The average gold price for 2024 was $2,384 per ounce, with expectations for significant margin expansion and cash flow growth in 2025 due to current spot prices [21][22] - The company anticipates a volatile year in 2025, with gold price volatility skewed to the upside [15] Company Strategy and Development Direction - Agnico Eagle aims to grow its Ontario platform by 50% over the next several years, with projects like Upper Beaver and Detour Underground contributing to this growth [5][54] - The company is focused on low-risk, high-quality jurisdictions and disciplined capital deployment, emphasizing the importance of knowledge before spending [70][72] - The vision includes potentially processing over 1 million ounces annually at both Malartic and Detour, positioning Agnico Eagle among the largest gold producers globally [6][37] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strong position, citing a robust project pipeline and a strong balance sheet with nearly $1 billion in cash [12][13] - The management remains constructive on gold prices, believing that the factors driving gold prices up over the last 20 years are still in place and accelerating [14][15] - The company is committed to delivering strong production and best-in-class cost control to maximize shareholder returns [15][17] Other Important Information - Agnico Eagle plans to continue investing in high-return internal growth projects while maintaining a flat sustaining capital spending in 2025 [27] - The company is focused on exploration, with over 1.2 million meters of drilling completed in 2024, leading to significant mineral resource growth [62][67] Q&A Session Summary Question: Timeline for Hope Bay project delivery - Management indicated that the focus is on freezing the project scope and expects to provide more details in the first half of 2026, with potential startup early next decade [84][86] Question: Capital allocation and excess cash - The company plans to maintain the current dividend and be opportunistic with share repurchases while focusing on improving the balance sheet and achieving a net cash position [95][96] Question: Growth projections beyond the 3-year guidance - Management emphasized that growth will only be pursued if it creates value for shareholders, with expectations for continued growth in production from projects like Detour and Hope Bay [102] Question: Update on Meadowbank and potential extensions - The team is exploring scenarios to extend the life of Meadowbank through underground operations, potentially generating 150,000 ounces per year from 2028 to 2035 [110][111] Question: License progression at San Nicolas - The company is progressing with regulatory submissions for San Nicolas, but there is uncertainty regarding proposed constitutional changes affecting open-pit mining [114] Question: Capacity potential at Malartic and Wasamac - Management discussed the potential for additional capacity at Malartic and the logistics of transporting ore from Wasamac, emphasizing ongoing evaluations [120][122]

Fourth Quarter and Full Year 2024 Results February 14, 2025 Notes to Investors Unless otherwise stated, references to "LaRonde", "Canadian Malartic", "Meadowbank" and "Goldex" are to the Company's operations at the LaRonde complex, the Canadian Malartic complex, the Meadowbank complex and the Goldex complex, respectively. The LaRonde complex consists of the mining, milling and processing operations at the LaRonde mine and the mining operations at the LaRonde Zone 5 mine. The Canadian Malartic complex consis ...

Alluvial Gold Research offers in-depth research on my favorite miners ranked in order to aid in positioning in the most undervalued miners with upcoming catalysts to drive portfolio outperformance. Subscribers also get access to my current portfolios and buy/sell alerts as well as the following:Analyst’s Disclosure: I/we have a beneficial long position in the shares of AEM, AEM:CA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I ...

Agnico Eagle Mines Limited (AEM) reported adjusted earnings of $1.26 per share for fourth-quarter 2024, up from 58 cents in the year-ago quarter. The bottom line topped the Zacks Consensus Estimate of $1.17 per share.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The company generated revenues of $2,223.7 million, up nearly 26.6% year over year. The top line surpassed the Zacks Consensus Estimate of $2,097.2 million.AEM’s Operational HighlightsPayable gold production was 847,401 ounc ...

Agnico Eagle Mines (AEM) came out with quarterly earnings of $1.26 per share, beating the Zacks Consensus Estimate of $1.17 per share. This compares to earnings of $0.57 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.69%. A quarter ago, it was expected that this gold mining company would post earnings of $0.98 per share when it actually produced earnings of $1.14, delivering a surprise of 16.33%.Over the last four quarters, ...

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 ...

(All amounts expressed in U.S. dollars unless otherwise noted) Stock Symbol:    AEM (NYSE and TSX) TORONTO, Feb. 13, 2025 /PRNewswire/ - Agnico Eagle Mines Limited (NYSE:AEM) (TSX:AEM) ("Agnico Eagle" or the "Company") today reported financial and operating results for the fourth quarter and full year 2024, as well as future operating guidance. "I'm pleased to report another year of record operational and financial performance, achieving our production and cost guidance. We are very proud of our team's work ...

Agnico Eagle Mines Limited (AEM) is slated to come up with fourth-quarter 2024 results after the closing bell on Feb. 13. See the Zacks Earnings Calendar to stay ahead of market-making news.The company beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters. In this timeframe, it delivered an earnings surprise of 19.2%, on average. It posted an earnings surprise of 16.3% in the last reported quarter. AEM’s performance is expected to reflect the benefits of higher gold prices and ...

Agnico Eagle Mines (AEM) closed the most recent trading day at $98.96, moving +0.37% from the previous trading session. This change outpaced the S&P 500's 0.36% gain on the day. Meanwhile, the Dow lost 0.28%, and the Nasdaq, a tech-heavy index, added 0.51%.The gold mining company's shares have seen an increase of 18.28% over the last month, surpassing the Basic Materials sector's gain of 7.62% and the S&P 500's gain of 2.11%.The investment community will be paying close attention to the earnings performance ...