Financial Performance - The company achieved record financial results driven by strong operational performance[6,13] - Realized gold price increased to $3,476/oz in Q3 2025 from $2,492/oz in Q3 2024, and to $3,221/oz YTD in Q3 2025 from $2,297/oz YTD in Q3 2024[16] - Net income increased to $1,055 million in Q3 2025 from $567 million in Q3 2024, and to $2,938 million YTD in Q3 2025 from $1,386 million YTD in Q3 2024[16] - Adjusted EBITDA increased to $2,098 million in Q3 2025 from $1,257 million in Q3 2024, and to $5,602 million YTD in Q3 2025 from $3,362 million YTD in Q3 2024[16] - Free cash flow was approximately $1.2 billion in Q3 2025, with a cash position of approximately $2.4 billion and a net cash position of approximately $2.2 billion[23] Production and Costs - Gold production was 867 koz in Q3 2025 compared to 863 koz in Q3 2024, and 2,607 koz YTD in Q3 2025 compared to 2,638 koz YTD in Q3 2024[16] - Total cash costs were $994/oz in Q3 2025 compared to $921/oz in Q3 2024, and $943/oz YTD in Q3 2025 compared to $897/oz YTD in Q3 2024[16] - All-in sustaining costs (AISC) were $1,373/oz in Q3 2025 compared to $1,286/oz in Q3 2024, and $1,281/oz YTD in Q3 2025 compared to $1,214/oz YTD in Q3 2024[16] - The company is on track to achieve 2025 gold production guidance of 3.3 - 3.5 Moz, with total cash costs between $915 - $965/oz and AISC between $1,250 - $1,300/oz[11,12] Capital Allocation and Shareholder Returns - Total debt repayment of $400 million in Q3 2025[13] - Returned approximately $350 million directly to shareholders through dividends and the Normal Course Issuer Bid (NCIB) in Q3 2025[13]
Agnico Eagle(AEM) - 2025 Q3 - Earnings Call Presentation