Agnico Eagle (AEM) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Apr 30, 2026

After Close (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

3.43

Last Year’s EPS

1.55

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 14 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Feb 12, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call was strongly positive overall: management reported record financial results, robust free cash flow (~$4.4B), returned record capital to shareholders, materially strengthened the balance sheet (nearly $3B cash, ~$950M debt repaid), and delivered record reserves/resources (reserves +~2.1%, M&I resources +~10%, inferred +~15.5%). Leadership laid out an ambitious and well-funded growth pathway that could raise production by 20%–30% and exceed 4M oz/year by the early 2030s, supported by accelerated investment in high‑quality projects and a large exploration program. The main negatives were higher near‑term costs (Q4 costs above guidance, FY cash/AISC slightly above guidance), a notable $1.3B cash tax outflow, inflationary pressures, some timing adjustments at Detour and elevated multi‑year growth capex needs (~$5–$6B), but these were framed as manageable and partially voluntary accelerations given attractive project returns. On balance, highlights significantly outweigh lowlights.

Company Guidance

The company guided to a stable 3.3–3.5 million oz/year production profile over the next three years (2025 actual: 3.45 Moz) and a 2026 midpoint cost outlook of ~$1,070/oz cash costs and ~$1,475/oz AISC (2025: $979 cash cost, $1,339 AISC; excluding higher royalties 2025 cash cost would have been $937), noting 2026 cash costs are only a little over $100/oz higher than 2025 with ~60% of that increase driven by higher royalties (budgeted gold price of $4,500/oz) and a stronger CAD and the remainder reflecting about 4–5% inflation/lower grades; balance-sheet and capital guidance includes ~$2.1B of reported 2026 capex (management said roughly $2.4–2.5B including a potential additional ~$300M if Hope Bay is approved) plus ~ $400M of capitalized exploration, continued accelerated spending at Detour Underground and Upper Beaver through mid‑2027, and potential project-driven production upside of ~1.3–1.5 Moz/year (Detour UG 300–350k, Canadian Malartic fill‑the‑mill 400–500k, Upper Beaver >200k, Hope Bay ~400–425k) supporting a plan to grow production 20–30% over the next decade to north of 4 Moz by the early 2030s; other key metrics: record year‑end reserves 55.4 Moz (+2%), M&I resources ~47.1 Moz (+~10%), inferred ~41.8 Moz (+15.5%), year‑end cash ~$2.9B, 2025 free cash flow ~$4.4B, debt repaid ~ $950M, dividend up 12.5% to $0.45/sh and NCIB buyback capacity to $2B with a return of ~1/3 of FCF in 2025 (targetable to 40%+).

Record Financial Performance and Free Cash Flow

Agnico Eagle reported record adjusted earnings of approximately $1.4 billion ($2.70/share) in Q4 and record full-year free cash flow of ~$4.4 billion; Q4 free cash flow was over $1.3 billion (~$2.62/share).

Strong Production Delivery in 2025

Full-year gold production of 3.45 million ounces exceeded the midpoint of guidance; Q4 production was ~841,000 ounces, underpinning operational consistency.

Major Balance Sheet Strengthening and Capital Returns

Repaid ~ $950 million of debt in 2025, increased cash by ~$1.9 billion to end the year with $2.9 billion, and returned a record ~$1.4 billion to shareholders through dividends and buybacks (including ~$500 million in Q4).

Capture of Gold Price Upside

With the gold price rising ~$1,700 year-over-year, management captured ≈95% of the price increase in company margins and emphasizes delivering gold upside leverage to shareholders.

Record Reserves, Resources and Inferred Growth

Year-end mineral reserves reached a record 55.4 million ounces (up ~2.1% YoY); measured & indicated resources ~47.1 million ounces (up ~10% YoY); inferred resources ~41.8 million ounces (up ~15.5% YoY).

Ambitious Growth Plan and High-Quality Project Pipeline

Company targets 20%–30% production growth over the next decade with a path to >4 million oz/year by early 2030s; five key growth projects (Detour, Canadian Malartic fill‑the‑mill, Upper Beaver, Hope Bay, San Nicolás) could add ~1.3–1.5 million oz/year of profitable production.

Accelerated Project Investment to De‑risk Growth

Management is accelerating capital: Detour underground investment increased from $100M to $300M (tripled), Upper Beaver investment increased from $200M to $300M, and incremental capital for projects (e.g., potential additional ~$300M for Hope Bay if approved) to support earlier production timelines (some targets moved toward 2028–2030).

Exploration and Drilling Momentum

Exploration program ran 120+ drill rigs and ~1.4 million meters of core drilling in 2025 (unit costs slightly lower YoY), with a 2026 objective to exceed 1.5 million meters; successful results added material resources (e.g., Detour underground amenable resources now ~5.5M oz M&I + 5.8M oz inferred; Marban initial reserve 1.58M oz).

Shareholder-Friendly Capital Allocation

Quarterly dividend increased 12.5% to $0.45/share; intention to renew NCIB and increase buyback limit up to $2 billion; returned ~1/3 of free cash flow in 2025 with potential to target 40%+ return of FCF depending on gold price.

Agnico Eagle (AEM) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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AEM Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 30, 2026	2026 (Q1)	3.43 / -	1.548	―	―	―
Feb 12, 2026	2025 (Q4)	2.67 / 2.68	1.303	105.43% (+1.37)
Oct 29, 2025	2025 (Q3)	2.04 / 2.20	1.16	90.06% (+1.04)
Jul 30, 2025	2025 (Q2)	1.78 / 1.96	1.081	81.09% (+0.88)
Apr 24, 2025	2025 (Q1)	1.40 / 1.55	0.759	103.94% (+0.79)
Feb 13, 2025	2024 (Q4)	1.23 / 1.30	0.561	132.12% (+0.74)
Oct 30, 2024	2024 (Q3)	1.04 / 1.16	0.444	161.35% (+0.72)
Aug 01, 2024	2024 (Q2)	0.92 / 1.08	0.626	72.61% (+0.45)
Apr 25, 2024	2024 (Q1)	0.61 / 0.76	0.574	32.15% (+0.18)
Feb 15, 2024	2023 (Q4)	0.50 / 0.56	0.404	39.06% (+0.16)

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
Feb 12, 2026	$205.21	$216.59	+5.55%
Oct 29, 2025	$156.42	$162.24	+3.72%
Jul 30, 2025	$122.75	$123.73	+0.80%
Apr 24, 2025	$118.62	$117.51	-0.94%

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 Apr 30, 2026, After Close (Confirmed).

What is Agnico-Eagle Mines Limited (AEM) earnings time?

Agnico-Eagle Mines Limited (AEM) earnings time is at Apr 30, 2026, After Close (Confirmed).

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What is AEM EPS forecast?

AEM EPS forecast for the fiscal quarter 2026 (Q1) is 3.43.