Agnico Eagle(US:AEM) Prnewswireยท2025-04-24 21:00Core Viewpoint - Agnico Eagle Mines Limited reported strong financial and operational results for Q1 2025, highlighting robust gold production, record net income, and a strengthened balance sheet, positioning the company well for the remainder of the year [2][3][41]. Financial Performance - Payable gold production for Q1 2025 was 873,794 ounces, with production costs per ounce at $879, total cash costs at $903, and all-in sustaining costs (AISC) at $1,183 [3][17]. - The company achieved a quarterly net income of $815 million ($1.62 per share) and record adjusted net income of $770 million ($1.53 per share) [3][24]. - Cash provided by operating activities was $1,044 million ($2.08 per share), with free cash flow of $594 million ($1.18 per share) [3][24]. Balance Sheet Strength - The cash position increased by $212 million to $1,138 million, with total debt outstanding at $1,143 million and net debt reduced to $5 million [3][41][42]. - Moody's revised the company's rating outlook to positive from stable, reaffirming a long-term issuer rating of Baa1 [3][42]. Shareholder Returns - A quarterly dividend of $0.40 per share was declared, and the company repurchased 488,047 common shares for $50 million under its normal course issuer bid (NCIB) [3][48][51]. - The company plans to seek approval to renew the NCIB for another year, increasing the limit of purchases to $1 billion [3][52]. Operational Highlights - The company continues to advance key pipeline projects, including Canadian Malartic, Detour Lake, Upper Beaver, and Hope Bay, with significant exploration drilling and development activities [3][57][68]. - Exploration drilling at Canadian Malartic and Detour Lake yielded promising results, with high-grade gold intersections reported [3][70][78]. Sustainability Commitment - The company published its 2024 Sustainability Report, emphasizing its commitment to sustainability, community engagement, and responsible mining practices [3][53][63].