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Agnico-Eagle Mines Limited (TSE:AEM)
TSX:AEM
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.91Last Year’s EPS
1.04Same Quarter Last Year
Strong Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 13, 2025
|% Change Since: -5.06%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Positive
Agnico Eagle had an exceptionally strong year in 2024 with record financial and operational performance, robust cost management, and significant exploration success. Despite a minor revision in production guidance and challenges at Pinos Altos, the company is well-positioned for future growth and increased shareholder returns.Company Guidance
During the Agnico Eagle Mines Limited Q4 2024 conference call, the company provided optimistic guidance for 2025 and beyond, focusing on various growth projects and financial strategies. They highlighted potential gold production increases at Malartic and Detour to over a million ounces per year, and a 50% growth in their Ontario platform. The company also achieved record financial results in 2024, with annual gold production reaching 3.49 million ounces and record earnings of $632 million in Q4. Agnico Eagle reduced net debt from $1.5 billion to $217 million and returned $920 million directly to shareholders through dividends and share buybacks. For 2025, they projected a slight 2.9% decline in production guidance but emphasized strong cost control and ongoing investments in exploration and development, maintaining a cash cost guidance of $903 per ounce and all-in sustaining costs of $1,239 per ounce.Record Financial Performance
Agnico Eagle reported record financial results in 2024, including record revenue of $2.2 billion, record adjusted earnings of $632 million, and record operating cash flow of over $1.1 billion.
Strong Gold Production
The company achieved record annual gold production, with 3.49 million ounces produced in 2024, surpassing the midpoint of their guidance.
Robust Cost Management
Agnico Eagle maintained strong cost control, with total cash costs of $903 per ounce and all-in sustaining costs of $1,239 per ounce, both within their guided range.
Exploration and Expansion Success
Significant exploration investments led to promising results, including the discovery of Patch 7 at Hope Bay, contributing to an increase in mineral resources.
Debt Reduction and Strong Balance Sheet
The company reduced net debt significantly from $1.5 billion at the start of 2024 to $217 million by year-end, strengthening their balance sheet.
Shareholder Returns
Agnico Eagle returned approximately $2.2 billion to shareholders in 2024 through dividends, share buybacks, and debt reduction.
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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 |
|---|---|---|---|
| Feb 13, 2025 | C$143.03 | C$135.79 | -5.06% |
| 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% |
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 Apr 24, 2025, TBA Not Confirmed.
What is Agnico-Eagle Mines Limited (TSE:AEM) earnings time?
Agnico-Eagle Mines Limited (TSE:AEM) earnings time is at Apr 24, 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 2025 (Q1) is 1.91.
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