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Agnico Eagle Reports Impressive Results for Q3 2025

On October 29, 2025, Agnico Eagle Mines Limited (NYSE: AEM) and (TSX: AEM) unveiled their financial and operational outcomes for the third quarter of 2025, showcasing substantial achievements in gold production and financial strength. The company, recognized as Canada’s largest mining enterprise and the second largest gold producer globally, reported record adjusted net income of $1,085 million, amounting to $2.16 per share.

Key Highlights

Ammar Al-Joundi, President and CEO, expressed pride in the consistent operational performance leading to remarkable financial results. The steep rise in gold prices significantly bolstered profit margins, allowing Agnico Eagle to comfortably operate within the forecasts. Key operational highlights include:

• - Gold Production: A remarkable output of 866,936 ounces during the quarter, with costs per ounce being $963 and total cash costs settling at $994. The performance largely stemmed from heightened production at the Meadowbank and LaRonde mines.
• - Free Cash Flow: The company achieved a staggering free cash flow figure of $1,190 million, showcasing efficiency in cash management that underpins shareholder returns via dividends and stock repurchases.
• - Financial Security: Enhanced financial resilience was demonstrated through an increase in net cash to $2,159 million, facilitated by prudent debt repayment and significant cash accumulation. The company reduced its long-term debt to merely $196 million.

Gold Prices Benefit Margins

The average gold price attained in Q3 2025 reached $3,476 per ounce, significantly surpassing the company's previous guidance of $2,500. The surge in gold prices had direct implications on the company’s total cash costs and all-in sustaining costs (AISC) per ounce which were impacted due to linked royalty costs, indicating how fluctuations in commodity prices can affect operational expenses.

Focus on Growth and Shareholder Returns

Agnico Eagle reiterated its full-year gold production guidance, maintaining an expectation of 3.3 to 3.5 million ounces. The anticipated high prices are set to influence the trends of total cash costs and AISC nearing the upper ends of their respective ranges. The company declared a quarterly dividend of $0.40 per share, alongside repurchasing over 1 million of its common shares during the quarter.

Project Rehabilitation and Development

Agnico Eagle also provided intricate updates on its ongoing key pipeline projects:

• - Canadian Malartic is well underway, with the excavation of its first loading station primarily completed, aiming for increased production in the second half of 2026.
• - At Detour Lake, excavation of the exploration ramp is progressing well, promising potential bulk sampling from high-grade areas by 2027.
• - Advances at Upper Beaver and other locations indicate robust exploration activities aimed at expanding resource bases and facilitating future growth.

Sustainability and Community Engagement

The company’s commitment to sustainability shines through its recent initiatives, including the launch of the Macassa Mining School, aimed at fostering skills and knowledge in underground mining while promoting diversity.

In recognition of its safety standards, La India received the 2025 Silver Helmet Award, reflecting Agnico Eagle's dedication to high operational standards and community relations.

Overall, Agnico Eagle’s performance in Q3 2025 paints an optimistic picture of growth, stability, and commitment to shareholders, hinting at a promising future for both the company and the gold mining sector as a whole. The results highlight the effectiveness of Agnico Eagle's strategy to navigate the dynamics of the gold market while ensuring operational resilience and financial prudence.