Workflow
Gold Mining
icon
Search documents
AEM's Q4 Earnings Surpass on Higher Realized Gold Prices
ZACKS· 2026-02-13 14:40
Core Insights - Agnico Eagle Mines Limited (AEM) reported adjusted earnings of $2.69 per share for Q4 2025, a significant increase from $1.26 in the same quarter last year, exceeding the Zacks Consensus Estimate of $2.56 [1] - The company generated revenues of $3,564 million, reflecting a year-over-year increase of approximately 60.3%, surpassing the Zacks Consensus Estimate of $3,240.7 million [1] Operational Highlights - Payable gold production was 840,608 ounces in the reported quarter, slightly down from 847,401 ounces in the prior-year quarter, but above the estimate of 839,674 ounces [2] - Total cash costs per ounce for gold increased to $1,089 from $923 a year ago, exceeding the estimate of $945 [2] - Realized gold prices reached $4,163 per ounce, up from $2,660 a year ago, surpassing the estimate of $3,593 [2] - All-in-sustaining costs (AISC) were $1,517 per ounce, higher than $1,316 per ounce a year ago and above the estimate of $1,315 [3] Financial Position - AEM ended the quarter with cash and cash equivalents of $2,866 million, a sequential increase of 21.7% [4] - Long-term debt stood at approximately $196.3 million [4] - Total cash from operating activities was $2,112 million in Q4, up from $1,132 million a year ago [4] Outlook - For 2026, AEM expects gold production to be between 3.3 million and 3.5 million ounces [5] - Total cash costs per ounce are projected to be between $1,020 and $1,120, while AISC is forecasted to range from $1,400 to $1,550 per ounce [5] - Exploration and corporate development expenses are expected to be between $275 million and $305 million, with a midpoint of $290 million [6] - Depreciation and amortization expenses are forecasted to be $1.55-$1.75 billion, averaging $1.65 billion [6] - General and administrative expenses are anticipated to be in the range of $230 million to $260 million, with other costs projected between $75 million and $95 million [6] - The effective tax rate for 2026 is expected to be between 34% and 36%, with cash taxes estimated in the range of $3.4 billion to $3.6 billion [7] - Capital expenditures (excluding capitalized exploration) are planned at roughly $2.2-$2.4 billion, with capitalized exploration spending forecasted to be between $290-330 million [7] Price Performance - Agnico Eagle's shares have gained 117% in the past year, compared to a 144.4% rise in the industry [8]
Pirate Gold Initiates Project Scale Geophysical Surveys and Provides Project Updates
TMX Newsfile· 2026-02-13 14:33
Core Insights - Pirate Gold Corp. has initiated two project-scale airborne geophysical surveys at its Treasure Island Project, which spans over 90 km along the Valentine Lake Fault Zone in Newfoundland, Canada's newest gold district [1][2]. Exploration and Drilling Updates - The exploration at the Treasure Island Project is progressing rapidly, with ongoing drilling at Moosehead revealing visible gold and new discoveries [2]. - The company has received drill permits for the Crippleback Lake and Stony Lake areas, allowing for exploration beyond the Moosehead footprint and targeting high-priority regional sites [2][18]. - A comprehensive understanding of the district-scale potential at Treasure Island is being developed, marking 2026 as a significant year for the company [2]. Geophysical Programs - High-resolution airborne magnetic surveys are being conducted at Treasure Island North and electromagnetic/magnetic surveys at Treasure Island South, covering approximately 69,500 hectares and 54,500 hectares respectively [6][7]. - The surveys aim to enhance structural interpretation beneath glacial till and generate new drill targets across the property [2][7]. Drilling Program Details - Two diamond drills are currently active at the Treasure Island Project, with a third expected to mobilize soon, focusing on expanding known mineralized zones and testing regional targets [8]. - Initial visual observations from drill holes indicate significant mineralization, including quartz veins and various sulfide minerals [10][9]. Mineral Claims and Agreements - The company has expanded its mineral licenses by acquiring six additional claims covering 150 hectares [17]. - An agreement has been made with Newfoundland Gold Retriever Corp. for a 100% interest in a mineral license, involving a cash payment and share issuance [17]. Media and Public Engagement - Episode 5 of "Pirate Gold Treasure Hunters" is currently airing, highlighting the ongoing drilling campaign and the discoveries made at the Moosehead site [14][15].
Signature Resources Reports First Drill Results from Winter Drill Program; New Potential Zone Intersected
TMX Newsfile· 2026-02-13 12:30
Core Insights - Signature Resources Ltd. has announced positive results from its winter drill program, specifically from the first two diamond drill holes, LM 25-01 and LM 25-02, which support the geological model and indicate potential for further exploration [1][4][10] Drilling Program Overview - The winter drill program commenced in November 2025, with a total of eight diamond drill holes planned for approximately 3,900 meters of drilling. As of now, 1,950 meters have been completed [3] - The drilling has faced delays due to capacity constraints at assay labs, with results for 152 samples from LM 25-03 still pending [3] Drill Hole Results - LM 25-01 encountered mineralized results ranging from 0.10 to 3.33 grams per tonne of gold (g/t Au), with the highest value reported at 2.51 g/t Au from 530 m to 531 m [4][7] - LM 25-02 showed gold values ranging from 0.10 g/t Au to 0.96 g/t Au, with significant intercepts in the South Gold Zone and a combination of Central and North Gold Zones [8][9] New Anomaly Discovery - Drill hole LM 25-04 revealed a strong quartz-chlorite-carbonate vein breccia system with variable shearing and sulphide mineralization over approximately 19 meters, coinciding with a Very Low Frequency (VLF) conductor identified in previous surveys [1][10] Future Exploration Plans - The company plans to test the western section of the VLF conductor with two additional shallow drill holes as part of the ongoing winter drill program [10]
Carolina Rush Announces Re-Appointment of Laurie Curtis to the Board of Directors
TMX Newsfile· 2026-02-13 11:30
Core Viewpoint - Carolina Rush Corporation has announced the reappointment of Dr. Laurie Curtis to its Board of Directors, which is seen as a strategic move to enhance the company's exploration efforts in the Brewer Gold-Copper Project [1][2]. Company Overview - Carolina Rush Corporation (TSXV: RUSH) (OTCQB: PUCCF) is focused on exploring the Carolina Terrane in the southeastern USA, with its flagship Brewer Gold-Copper Project located on a 397-hectare site in Chesterfield County, South Carolina [5]. - The company has also secured exclusive mineral exploration lease and purchase option agreements for the New Sawyer Gold Mine Property (246.6 hectares) and the Sawyer Gold Mine Property (54.6 hectares) in Randolph County, North Carolina [5]. Leadership and Expertise - Dr. Laurie Curtis brings over 40 years of experience in global exploration and development across various commodities, including gold and copper, and has held significant leadership roles in major mining companies [2][3]. - His previous positions include President and CEO of Intrepid Mines Ltd., where he led substantial exploration and corporate growth initiatives [2]. - Dr. Curtis has also served on the Board of Directors of Carolina Rush and currently acts as a Strategic Advisor, enhancing the company's technical depth and governance [4]. Strategic Importance - The return of Dr. Curtis is viewed as timely and strategic, as his expertise will be crucial in assessing the Brewer project's potential and guiding its disciplined advancement [2][4]. - The company believes that Dr. Curtis's extensive experience in exploration strategy and capital markets will significantly contribute to its long-term growth and value creation objectives [4].
Wall Street Bullish on ​Kinross Gold Corporation (KGC) Ahead of its Fiscal Q4 2025 Earnings
Yahoo Finance· 2026-02-13 10:19
Core Viewpoint - Kinross Gold Corporation (NYSE:KGC) is identified as a high growth international stock, with bullish sentiment driven by rising gold prices and increased geopolitical uncertainties [1]. Group 1: Price Target Adjustments - Anita Soni from CIBC raised the price target for Kinross Gold from $38.5 to $54 while maintaining a Buy rating [2]. - Josh Wolfson from RBC Capital increased the price target from $33 to $36, keeping a Hold rating on the stock [2]. Group 2: Gold Price Forecasts - CIBC's price target increase is based on upgraded gold price forecasts, expecting gold to reach $6,000 per ounce in 2026 and $6,500 in 2027 [4]. - The factors driving gold prices higher are expected to persist in 2025, with heightened geopolitical uncertainty likely to further support gold rallies [4]. Group 3: Financial Expectations - Wall Street anticipates Kinross to report approximately $2.03 billion in revenue and $0.54 GAAP EPS for fiscal Q4 2025 [5]. - Kinross Gold Corporation is a Canadian-based senior gold mining company engaged in various stages of gold property management, including exploration and reclamation [5].
Agnico Eagle Mines (AEM) Among the High Growth International Stocks
Yahoo Finance· 2026-02-13 10:19
​Agnico Eagle Mines Limited (NYSE:AEM) is one of the High Growth International Stocks to Buy Now. Agnico Eagle Mines Limited (NYSE:AEM) is set to release its fiscal Q4 2025 results on February 12, 2026. Wall Street is bullish on the stock, with analysts’ 12-month median price target suggesting more than 18% upside from current levels. ​The bullish sentiment stems from increasing gold prices and growing geopolitical uncertainties. On February 4, Anit Soni from CIBC raised the price target on the stock fro ...
Weekly Wrap: AI Margin Squeeze Hits Software Peers as ASX Slips, Yet Week Ends Higher
Small Caps· 2026-02-13 08:56
Core Viewpoint - The ASX 200 experienced a decline of 1.4% due to fears that AI could disrupt software companies while also being too costly, despite a weekly gain of 2.4% [1] Group 1: Software Sector Impact - The ASX tech sector has lost 23% of its value over the past month due to concerns about margin erosion from AI [2] - Software companies are facing margin compression from multiple angles, with the software as a service model being particularly challenged [4] Group 2: Individual Stock Performance - WiseTech Global shares fell 10.4% to $42.62, Xero shares dropped 4.5% to $73.49, and TechnologyOne shares decreased 7.1% to $20.17 [3] - Austal shares plummeted 22.8% to $4.87 after reducing earnings guidance by 18% due to an accounting error [8] - Webjet shares fell 25.2% to 58¢ after canceling takeover talks and cutting profit guidance [9] - Nick Scali shares declined 22.3% to $18.48 due to weaker sales in Australia and New Zealand [10] Group 3: Banking Sector - Commonwealth Bank shares decreased 1.4% to $176.20, National Australia Bank shares fell 1.1% to $46.01, and Westpac shares dropped 1.2% to $40.52, despite a strong net profit from Westpac [6] - ANZ shares were an outlier, rising 1.3% to $40.89 after brokers upgraded profit expectations [7] Group 4: Mining Sector Outlook - A significant week is anticipated for major miners BHP and Rio Tinto, with earnings reports expected to reflect boosts from rising copper prices and iron ore strength [13]
Agnico Eagle posts record free cash flow in 2025 as higher gold prices drive margins
KITCO· 2026-02-13 03:40
Core Viewpoint - Agnico Eagle has achieved a record in earnings, indicating strong financial performance and operational efficiency in the mining sector [1][3]. Financial Performance - The company reported record earnings, showcasing significant growth compared to previous periods [1][3]. - Specific financial metrics, such as revenue and profit margins, were highlighted, demonstrating the company's robust financial health [1][3]. Operational Highlights - Agnico Eagle's operational efficiency has contributed to its record earnings, reflecting effective management and strategic initiatives [1][3]. - The company has likely implemented cost-saving measures and optimized production processes to enhance profitability [1][3].
Alkane Resources Announces Record Operating & Record Financial Results for Q2 and H1 FY2026
Globenewswire· 2026-02-13 03:10
Core Insights - Alkane Resources Limited reported its strongest quarter in history, driven by high gold and antimony prices, resulting in record revenues of A$256.7 million for Q2 2026 and A$403.9 million for the first half of FY 2026 [4][10][7]. Financial Highlights - The company produced a record 42,767 ounces of gold and 267 tonnes of antimony in Q2 2026, contributing to a total of 74,094 gold equivalent ounces for the half-year [4][7]. - Adjusted EBITDA for Q2 2026 was A$147.2 million, with cash generated from operating activities amounting to A$106.3 million [16][7]. - Net profit for Q2 2026 was A$67.6 million, translating to earnings per share of 4.95 cents, compared to A$1.9 million and 0.31 cents per share in Q2 2025 [8][16]. Production and Cost Metrics - Cash operating costs per ounce of gold equivalent produced were A$2,031 in Q2 2026, down from A$2,249 in Q2 2025, reflecting a 19% decrease due to increased production [12][27]. - All-in sustaining costs (AISC) per ounce of gold equivalent produced decreased to A$2,739 in Q2 2026 from A$3,408 in Q2 2025 [14][23]. - The company ended the quarter with a robust cash position of A$246 million, comprising A$218 million in cash and A$28 million in bullion and liquid investments [17][7]. Operational Performance - The Tomingley operation produced 22,089 ounces of gold in Q2 2026, with cash operating costs of A$1,811 per ounce, a significant decrease from A$2,249 in the previous year [19][27]. - Costerfield produced 11,686 gold equivalent ounces with cash costs of A$1,701 per ounce, while Björkdal produced 9,888 ounces at A$2,910 per ounce [31][34]. - Consolidated gold equivalent production for Q2 2026 was 43,663 ounces, a substantial increase from 30,511 ounces in Q1 2026, attributed to the full quarter of production from Björkdal and Costerfield [22][17]. Future Guidance - Alkane expects to meet its FY 2026 guidance, projecting gold production of 149,000 to 161,000 ounces and antimony production of 750 to 850 tonnes [36][35]. - The company anticipates all-in sustaining costs to range between A$2,600 and A$2,900 per ounce for the fiscal year [36].
Compared to Estimates, Agnico (AEM) Q4 Earnings: A Look at Key Metrics
ZACKS· 2026-02-13 02:00
Core Insights - Agnico Eagle Mines reported a revenue of $3.56 billion for the quarter ended December 2025, marking a 60.3% increase year-over-year and exceeding the Zacks Consensus Estimate by 9.98% [1] - The earnings per share (EPS) for the quarter was $2.69, up from $1.26 in the same quarter last year, representing a surprise of 4.91% over the consensus estimate of $2.56 [1] Financial Performance Metrics - The all-in sustaining costs per ounce for gold production were reported at $1,517.00, higher than the three-analyst average estimate of $1,329.18 [4] - Total payable gold production was 840,608 ounces, slightly above the average estimate of 836,891.40 ounces [4] - Total cash costs were reported at $1.09 million, compared to the average estimate of $963.73 thousand [4] Revenue Breakdown by Operations - Revenue from the Quebec Canadian Malartic complex was $615.16 million, exceeding the estimated $523.91 million, reflecting a year-over-year increase of 53.9% [4] - Revenue from the Quebec Goldex mine reached $141.53 million, surpassing the estimated $128.95 million, with a year-over-year increase of 68.4% [4] - Revenue from the Nunavut Meliadine mine was $448.62 million, exceeding the average estimate of $360.2 million, representing a 72.9% increase year-over-year [4] - Revenue from the Nunavut Meadowbank complex was $483.58 million, compared to the estimated $454.93 million, showing a year-over-year change of 58.5% [4] - Revenue from the Mexico Pinos Altos mine was $101.32 million, exceeding the estimated $86.89 million, with a year-over-year change of 64.8% [4] - Revenue from the Ontario Detour Lake mine was $718.43 million, slightly below the estimated $732.61 million, but still reflecting a year-over-year increase of 62.3% [4] - Revenue from the Ontario Macassa mine was $243.65 million, compared to the estimated $277.5 million, showing a year-over-year change of 13.1% [4] - Revenue from the Australia Fosterville mine was $131.67 million, exceeding the estimated $116.5 million, with a year-over-year change of 17.9% [4] Stock Performance - Agnico's shares have returned +10.1% over the past month, outperforming the Zacks S&P 500 composite, which saw a -0.3% change [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]