Agnico Eagle Mines - Edison Group

Overview
Price performance
Financials
Research
Thematics

Agnico Eagle operates eight mines in Canada, Finland and Mexico and is among the top 15 largest gold mining companies in the world. It seeks to build a high-quality business that generates superior long-term returns for shareholders and contributes to the communities in which it operates.

Latest Insights

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Metals & Mining |
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04.08.23

Agnico Eagle Mines — Record-breaking production

Metals & Mining |
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02.05.23

Agnico Eagle Mines — A year of optimisation ahead

Metals & Mining |
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21.02.23

Agnico Eagle Mines — A record-breaking year

Metals & Mining |
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01.11.22

Agnico Eagle Mines — Moving forward during difficult times

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Sector

Metals & Mining

Equity Analyst

Lord Ashbourne

Director of Content, Mining

Key Management

Brian Christie

IR - Dir

Share Price Performance

Price Performance
%	1M	3M	12M
Actual	(3.9)	0.9	70.4
Relative	(4.8)	(4.5)	31.0
52 week high/low	US$88.8/US$45.0

Financials

Agnico Eagle Mines (AEM) reported record quarterly gold production of 873koz in Q223 at a US$840/oz total cash cost and a US$1,150/oz all-in sustaining cost (AISC) that drove strong financial results of adjusted EPS of US$0.65/share and operating cash flow of US$1.46/share. Record-breaking production reflects 100% ownership for the full quarter of Canadian Malartic, which will add c 80–90koz in attributable production per quarter. Additionally, AEM recorded the safest half-year performance in its history. Guidance for FY23 has been reiterated at 3.24–3.44Moz at a cash cost of US$840–890/oz and AISC of US$1,140–1,190/oz. The quarterly dividend remains at US$0.40/share.

Research

Metals & Mining

QuickView

Agnico Eagle Mines — Record production and cash flow

Metals & Mining

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Agnico Eagle Mines — Imminent return to free cash-flow generation

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Metals & Mining

18.02.20

Agnico Eagle Mines — Record production and cash flow

QuickView

Metals & Mining

06.09.19

Agnico Eagle Mines — Imminent return to free cash-flow generation

thematic

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IPO apocalypse

thematic

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10.08.22

ESG, moving beyond the box tick

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27.04.22

Five (more) things every investor should know about lithium and Lepidico

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21.03.22

Decarbonisation – A potential opportunity for aluminium producers

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13.12.21

The PGM markets – Outlook and price forecasts

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16.05.19

Alliance Mineral Assets secures strategic investment from Galaxy and Jiangxi

thematic

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24.04.19

Piedmont Lithium increases its mineral resource estimate by 21%

thematic

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22.01.19

Gold stars and black holes

thematic

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06.02.15

Mining sector report: Gold: The value of gold and other metals

thematic

Energy & Resources

04.03.14

ASX Spotlight Conference – London, 6 March 2014

thematic

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26.02.14

Making a case for uranium: Life after Fukushima

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28.01.14

Indaba special, 2014

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Energy & Resources

01.03.13

ASX Small to Mid Caps Conference – London, 7 March 2013

thematic

Energy & Resources

28.02.13

Asia-Pacific resources quarterly: February 2013 edition

thematic

Metals & Mining

01.02.13

Indaba special, 2013

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02.10.12

Edison mining quarterly: October 2012

thematic

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14.09.12

Mining catalyst: China’s new stimulus

thematic

Energy & Resources

20.08.12

Asia-Pacific resources quarterly: August edition

thematic

Energy & Resources

10.05.12

Asia-Pacific resources quarterly

thematic

Metals & Mining

25.04.12

Edison mining quarterly: April 2012

thematic

Metals & Mining

16.12.11

Macro Outlook – Price weakness on the cards

thematic

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07.10.11

Indium and gallium overview

thematic

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13.06.11

Switzerland: Global Resources Investing Conference