Agnico Eagle(US:AEM)2025-07-31 15:00Financial Performance - The company achieved record free cash flow in Q2 2025, driven by cost control and higher gold prices[16] - The realized gold price increased significantly from $2,342/oz in Q2 2024 to $3,288/oz in Q2 2025[16] - Adjusted EBITDA increased from $1.176 billion in Q2 2024 to $1.914 billion in Q2 2025[16] - The company transitioned to a net cash position of $963 million in H1 2025[15, 30] - Total debt repayments amounted to $550 million in H1 2025[15, 30] Operational Highlights - The company is on track to achieve its 2025 gold production guidance of 3.3 - 3.5 million ounces[13, 14] - Gold production for H1 2025 reached 1.74 million ounces[14] - The company returned approximately $300 million directly to shareholders through dividends and share buybacks[15] - The buyback program was renewed in May 2025, increasing the purchase limit to $1 billion of common shares, with $150 million in total share repurchases in H1 2025[30] Project Development - Construction is advancing at the Odyssey project, which is expected to be Canada's largest underground gold mine with approximately 550,000 ounces per year production[15, 36]