Agnico-Eagle Mines Limited (AEM)
NYSE:AEM
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Earnings Data
Report Date
Aug 05, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
3.41Last Year’s EPS
1.97Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a strongly positive operational and financial performance: record-adjusted net income, robust free cash flow, a strengthened balance sheet (net cash ~ $2.9B), meaningful returns to shareholders, continued cost guidance adherence, and clear progress on multiple growth projects and exploration programs (including a strategic Finnish consolidation). Material negatives (two recent fatalities, localized operational issues such as Macassa paste plant commissioning, regulatory timing at San Nicolás, and sizable cash tax outflows) were acknowledged and management outlined remediation and disciplined capital allocation actions. On balance, the positive financial results, project momentum and balance sheet strength outweigh the challenges.Company Guidance
Record Financial Results
Adjusted net income of approximately $1.7 billion ($3.41 per share) and adjusted EBITDA just over $3.0 billion in Q1; generated ~$730 million of free cash flow in the quarter despite paying ~50% of expected 2026 cash taxes (totaling $1.8 billion).
Strong Balance Sheet and Capital Returns
Net cash increased to ~ $2.9 billion (cash ~$3.1 billion); returned ~$375 million to shareholders in Q1 (≈50% of free cash flow) and increased the normal course issuer bid limit to $2.0 billion; targeting returning ~40% of annual free cash flow through dividends and buybacks.
Production and Operational Performance
Q1 gold production of ~825,000 ounces, slightly above plan (first quarter ≈24% of midpoint of annual guidance); reiterated 2026 production guidance with production weighted ~48% H1 / 52% H2.
Costs In Line with Guidance
Total cash costs of $1,093/oz and all-in sustaining costs (AISC) of $1,483/oz in Q1; both remain within full-year guidance ranges ($1,020–$1,120/oz cash costs; $1,400–$1,550/oz AISC).
Operational Records and Productivity Gains
Record mill throughput at Macassa and Detour, record development rates at Meliadine, and record pit tonnage at Detour; LaRonde autonomous hauling program increased productivity (fewer trucks/operators, longer operating hours).
Progress on Growth Projects
Advancing five key pipeline projects expected to underpin 20%–30% production growth over the next decade (targets include Detour and Malartic to 1.0 Moz each, Hope Bay, Upper Beaver, San Nicolas); Detour exploration ramp development achieved ~820 m of development and reached ~147 m depth; Upper Beaver ramp advanced >500 m in the quarter and shaft reached 382 m.
Malartic Development Milestone
First stope at East Gouldie accessed via ramp (~1 km underground); second shaft pilot hole drilled to 1.8 km; shaft and ramp development progressing on schedule with first ore via shaft targeted mid-2027.
Exploration Momentum
Completed ~25% of annual drilling budget (nearly 360 km of drilling, 127 rigs in operation); notable intercepts include East Gouldie (6.7 g/t over 36 m; 9 g/t over 53 m) and Detour (8.9 g/t over 14 m; 10.7 g/t over 10 m); Hope Bay winter program completed >33,000 m of drilling.
Strategic Finland Consolidation
Announced transactions to consolidate ~2,500 km2 of Finnish landholdings (Rupert, Aurion, Fingold JV stakes) to establish a multi-decade platform with an initial target pathway to ~500,000 oz/year potential when combined with Kittilä.
Credit Rating Upgrade
Fitch upgraded the company’s long-term issuer rating to A- with a stable outlook, reflecting improved balance sheet strength.
AEM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
AEM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2026 | $188.21 | $183.56 | -2.47% |
Feb 12, 2026 | $204.84 | $216.20 | +5.55% |
Oct 29, 2025 | $156.14 | $161.95 | +3.72% |
Jul 30, 2025 | $122.53 | $123.51 | +0.80% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Agnico-Eagle Mines Limited (AEM) report earnings?
Agnico-Eagle Mines Limited (AEM) is schdueled to report earning on Aug 05, 2026, After Close (Confirmed).
What is Agnico-Eagle Mines Limited (AEM) earnings time?
Agnico-Eagle Mines Limited (AEM) earnings time is at Aug 05, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AEM EPS forecast?
AEM EPS forecast for the fiscal quarter 2026 (Q2) is 3.41.