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Agnico-Eagle Mines Limited (TSE:AEM)
TSX:AEM
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Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.7Last Year’s EPS
0.77Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2018
|% Change Since: 0.81%
|Next Earnings Date:Jul 25, 2018
Earnings Call Sentiment|Positive
The earnings call reflected a strong and positive quarter for Agnico Eagle, characterized by record financial results, operational efficiency, and successful exploration outcomes. Although there were some challenges related to production at specific sites and labor market tightness, the overall performance and strategic focus on cost control and shareholder returns were highly positive.Company Guidance
During the Agnico Eagle Q3 2024 earnings call, the company highlighted impressive operational and financial achievements. Agnico Eagle reported that it was 75% through the year and had already reached 76% of its full-year production guidance midpoint, with year-to-date costs at $897 per ounce, which is $3 below the midpoint of their cost guidance. The company achieved record adjusted EBITDA of approximately $1.26 billion and record free cash flow of $620 million. Year-to-date, Agnico Eagle has returned about $700 million directly to shareholders through dividends and share buybacks, and approximately $1 billion indirectly through a reduction of net debt, representing a roughly two-thirds reduction since the start of the year. The company maintained strong cost control with cash costs at $921 per ounce for the quarter, despite increased royalty payments due to higher gold prices. Additionally, record operational results were achieved across several sites, with Detour Lake mine setting a quarterly throughput record of 77,000 tonnes per day. Agnico Eagle remains committed to disciplined capital allocation, emphasizing strong financial returns and enhancing shareholder value.Record Financial Performance
Agnico Eagle delivered record financial results for the fourth consecutive quarter, including record operating cash flow and adjusted net income. The company returned approximately $700 million directly to shareholders through dividends and share buybacks and reduced net debt by approximately $1 billion year-to-date.
Strong Operational Performance
The company produced 76% of the midpoint of its full-year production guidance and achieved year-to-date costs of $897 per ounce, which is $3 below the midpoint of cost guidance.
Exploration Success
The exploration team delivered outstanding results, with significant potential for additional reserves at sites like Detour, Odyssey, and Hope Bay. The exploration program is characterized by a 16% lower unit cost compared to 2022.
Cost Control and Capital Discipline
The focus on cost control resulted in cash costs of $921 per ounce, within guidance range, and all-in sustaining costs of $1,286 per ounce. The company maintained strong cost control and operational efficiency across sites.
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TSE: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
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TSE:AEM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | C$122.11 | C$119.61 | -2.05% |
| Aug 01, 2024 | C$105.51 | C$104.58 | -0.88% |
| Apr 25, 2024 | C$87.36 | C$88.17 | +0.94% |
| Feb 15, 2024 | C$61.34 | C$62.94 | +2.61% |
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.
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FAQ
When does Agnico-Eagle Mines Limited (TSE:AEM) report earnings?
Agnico-Eagle Mines Limited (TSE:AEM) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is Agnico-Eagle Mines Limited (TSE:AEM) earnings time?
Agnico-Eagle Mines Limited (TSE:AEM) earnings time is at Feb 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:AEM EPS forecast?
TSE:AEM EPS forecast for the fiscal quarter 2024 (Q4) is 1.7.
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