Market volatility can be unsettling for any investor.
While AEM is well-placed on a strong pipeline of growth projects, solid financial health and surging gold prices, its high costs warrant caution.
Agnico (AEM) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
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There has always been a degree of scorn from Wall Street and so-called investment professionals over the years for those who invested in gold.
In the closing of the recent trading day, Agnico Eagle Mines (AEM) stood at $96.28, denoting a +1.25% change from the preceding trading day.
Agnico Eagle Mines has had a year of unprecedented success, driven by record production and strategic initiatives. President & CEO Ammar Al-Joundi shared insights into the company's performance at the BMO Global Metals, Mining and Critical Minerals Conference.
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Agnico Eagle Mines Limited (NYSE:AEM ) Q4 2024 Earnings Conference Call February 14, 2025 11:00 AM ET Company Participants Ammar Al-Joundi - President and CEO Jamie Porter - EVP of Finance and CFO Natasha Vaz - EVP and Chief Operating Officer, Ontario, Australia and Mexico Dominique Girard - EVP and Chief Operating Officer, Nunavut, Quebec and Europe Guy Gosselin - EVP of Exploration Conference Call Participants Anita Soni - CIBC World Markets Joshua Wolfson - RBC Capital Markets Daniel Major - UBS Lawson Winder - Bank of America Securities Michael Parkin - National Bank Financial, Inc. John Tumazos - John Tumazos Very Independent Research Tanya Jakusconek - Scotiabank Operator Good morning. My name is Joelle, and I'll be your conference operator today.
Agnico Eagle reported another year of phenomenal results, including record free cash flow generation of ~$2.14 billion and ~51% AISC margins in Q4-24, which came in at industry-leading levels. Notably, it also beat its guidance midpoint for the second consecutive year and saw solid cost control (~$1,239/oz AISC) despite higher sustaining capital in the period that impacted costs. Finally, Agnico has seen no shortage of exploration success with excess mill capacity at Malartic and untapped potential at Detour. These assets could grow to 1.0-plus million ounces/year longer term.
Payable gold production of AEM was 847,401 ounces in the reported quarter, down from 903,208 ounces in the prior-year quarter.
Agnico Eagle Mines (AEM) came out with quarterly earnings of $1.26 per share, beating the Zacks Consensus Estimate of $1.17 per share. This compares to earnings of $0.57 per share a year ago.