Summary
- Agnico Eagle Mines (AEM) delivered a record Q3’25, with strong production, cost control, and exploration success driving robust financial results and improving an already strong pipeline.
- Importantly, AEM has maintained industry-leading margins, a strong balance sheet and over 95% of production from Tier-1 ranked jurisdictions, earning it a premium multiple.
- Looking out longer-term, and while its production profile is flatter through 2028, major projects will drive strong free cash flow and production per share growth in the 2030s.
- In this update we’ll dig into the Q3 results, recent developments and why Agnico Eagle continues to be the premier way to get gold exposure, if bought on …
Summary
- Agnico Eagle Mines (AEM) delivered a record Q3’25, with strong production, cost control, and exploration success driving robust financial results and improving an already strong pipeline.
- Importantly, AEM has maintained industry-leading margins, a strong balance sheet and over 95% of production from Tier-1 ranked jurisdictions, earning it a premium multiple.
- Looking out longer-term, and while its production profile is flatter through 2028, major projects will drive strong free cash flow and production per share growth in the 2030s.
- In this update we’ll dig into the Q3 results, recent developments and why Agnico Eagle continues to be the premier way to get gold exposure, if bought on 25%+ pullbacks.
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All figures are in United States Dollars unless otherwise noted. G/T = grams per tonne (of gold or silver). GEOs = gold-equivalent ounces. SEOs = silver-equivalent ounces. AISC refers to all-in sustaining costs. LOMP = life of mine plan. TPD = tonnes per day. UG = Underground. MTPA = million tonnes per annum. FS/DFS = Definitive Feasibility Study. All mine-site costs referenced
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**Analyst’s Disclosure:**I/we have a beneficial long position in the shares of AEM, AEM:CA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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