Canadian miner Agnico Eagle's Q4 net income rises on higher gold prices

Agnico Eagle Mines

12/02/2026 22:11

Overview

Canada gold miner's Q4 net income rises to $1.5 bln, driven by higher gold prices

Record free cash flow of $1.3 bln in Q4, supported by strong operating margins

Quarterly dividend increased by 12.5%, reflecting strong financial performance

Outlook

Agnico Eagle forecasts annual gold production of 3.3 to 3.5 mln ounces from 2026 to 2028

Company expects total cash costs per ounce to be $1,020 to $1,120 in 2026

Agnico Eagle plans capital expenditures of $2.2 bln to $2.4 bln in 2026

Result Drivers

HIGHER GOLD PRICES - Record Q4 and full year 2025 results driven by higher realized gold prices, boosting operating margins and cash flows

OPERATIONAL EFFICIENCIES - Record free cash flow achieved through consistent and reliable operational performance, with several throughput and mining rate records

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Adjusted Net Income
$1.35 bln
Q4 Net Income
$1.52 bln


Press Release: ID:nCNWSSL6Ma

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)