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Agnico Eagle Mines Ltd. - AEM STOCK NEWS

Welcome to our dedicated page for Agnico Eagle Mines Ltd. news (Ticker: AEM), a resource for investors and traders seeking the latest updates and insights on Agnico Eagle Mines Ltd. stock.

Agnico Eagle Mines Ltd. (symbol: AEM) is a senior Canadian gold mining company with a rich history dating back to 1957. The company is renowned for its unwavering commitment to producing precious metals and maintaining high standards of environmental, social, and governance practices. Agnico Eagle operates eight mines across Canada, Finland, Mexico, and Australia, with ongoing exploration and development activities in these regions as well as the United States. Notably, Agnico Eagle has a unique policy of no forward gold sales, ensuring full exposure to gold prices for its shareholders. In 2022, Agnico Eagle merged with Kirkland Lake Gold, acquiring significant assets including the Detour Lake and Macassa mines in Canada, and the high-grade, low-cost Fosterville mine in Australia. The company's production milestone exceeded 3.4 million ounces of gold in 2023, with approximately 15 years of gold reserves at year-end. Furthermore, Agnico Eagle acquired the remaining 50% interest in the Canadian Malartic mine from Yamana Gold in 2023, solidifying its position in lower-risk jurisdictions. The company's financial stability is underpinned by its record-setting operational performance, consistent dividend payouts since 1983, and strategic partnerships. For the latest updates on Agnico Eagle’s financial performance, operational milestones, and strategic initiatives, visit their official website or check out relevant stock market websites for real-time information.

News

AGNICO EAGLE ANNOUNCES RENEWAL OF NORMAL COURSE ISSUER BID

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Agnico Eagle Mines announced the renewal of its normal course issuer bid (NCIB), allowing the purchase and cancellation of up to 24,961,914 common shares or $500,000,000 worth of shares. Daily purchases are to 339,107 shares, with the bid ending on May 3, 2025. The NCIB will be funded using existing cash resources and will be conducted on the TSX and NYSE. Agnico Eagle aims to generate value for shareholders through this program.

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AGNICO EAGLE ANNOUNCES ELECTION OF DIRECTORS

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Agnico Eagle Mines (NYSE: AEM) announced the election of directors at its annual and special meeting of shareholders. All eleven candidates listed in the management information circular were duly elected. The detailed results of the vote show high percentages of votes for each candidate, demonstrating strong shareholder support.

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AGNICO EAGLE REPORTS FIRST QUARTER 2024 RESULTS - STRONG QUARTERLY GOLD PRODUCTION AND COST PERFORMANCE DRIVE RECORD QUARTERLY FREE CASH FLOW; 2023 SUSTAINABILITY REPORT RELEASED

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Agnico Eagle Mines (AEM) reported strong first-quarter 2024 results with record quarterly gold production and cost performance driving record quarterly free cash flow. The company achieved 878,652 ounces of payable gold production at production costs per ounce of $892, total cash costs per ounce of $901, and all-in sustaining costs (AISC) per ounce of $1,190. Quarterly net income was $347.2 million or $0.70 per share, with adjusted net income of $377.5 million or $0.76 per share. The company increased its cash position by $186 million, reduced net debt, and had an upgraded issuer rating to Baa1 from Moody's. Agnico Eagle reaffirmed its 2024 gold production guidance of 3.35 to 3.55 million ounces with total cash costs per ounce and AISC per ounce remaining unchanged. The company also provided updates on key value drivers and pipeline projects, including positive exploration results at Odyssey mine, continued mill improvement at Detour Lake, and strong drilling results at Hope Bay. The 2023 Sustainability Report highlighted the company's commitment to ESG performance, safety, and climate resilience. Shareholder returns were emphasized with a declared quarterly dividend of $0.40 per share and common share repurchases. The company will host a conference call on April 26, 2024, to discuss the results, along with its Annual and Special Meeting of Shareholders on the same day.
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Capella Provides Extension for Norway Asset Sale Closing

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Capella Minerals extends the long-stop date for asset sale agreement with Polar Transition Minerals AS, allowing for an IPO on Euronext Growth. The revised terms include an extension to July 7, 2024, and a minor adjustment in consideration received from Polar.
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Capella Sells Savant Gold Project to Prospector Metals

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Capella Minerals announces Property Acquisition Agreement with Prospector Metals Corp. for Savant Gold Project. Prospector to acquire 100% interest in the project, with Capella retaining a 1% Net Smelter Royalty. Eric Roth, Capella's President, highlights the strategic move to focus on Scandinavian projects.
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AGNICO EAGLE PROVIDES NOTICE OF RELEASE OF FIRST QUARTER 2024 RESULTS, CONFERENCE CALL AND ANNUAL MEETING

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Agnico Eagle Mines (AEM) announced the release of its first quarter 2024 results on April 25, 2024, followed by the Annual and Special Meeting of Shareholders on April 26, 2024. The Company will host a conference call on April 26, 2024, to discuss financial and operating results, with various participation options available. The AGM will be held in a hybrid format, allowing both in-person and online participation.
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AGNICO EAGLE ANNOUNCES PURCHASE OF COMMON SHARES OF PRISM RESOURCES INC.

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Agnico Eagle Mines Limited (AEM) acquires 5,750,000 common shares of Prism Resources Inc. from Trevali Mining Corporation at C$0.0174 per share, totaling C$100,000. Prism holds a 7.5% Net Profit Interest royalty on Agnico Eagle's Detour Lake mine property. Agnico Eagle now owns 11.07% of Prism's outstanding shares.
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AGNICO EAGLE PROVIDES AN UPDATE ON 2023 EXPLORATION RESULTS AND 2024 EXPLORATION PLANS - MINERAL RESERVES UP 10.5% YEAR-OVER-YEAR TO 54 MOZ; INITIAL MINERAL RESERVES OF 5.2 MOZ DECLARED AT EAST GOULDIE; INITIAL UNDERGROUND MINERAL RESOURCES DECLARED AT DETOUR LAKE OF 1.6 MOZ

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Agnico Eagle Mines Limited (AEM) provides an update on year-end 2023 mineral reserves and resources, exploration activities, and plans for 2024. Key highlights include a record level of gold mineral reserves, successful exploration results at Detour Lake, Odyssey, and Hope Bay, and a steady funding commitment for exploration efforts in 2024.
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AGNICO EAGLE REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS - RECORD QUARTERLY AND ANNUAL GOLD PRODUCTION AND FREE CASH FLOW; RECORD MINERAL RESERVES INCREASED 10.5%; UPDATED THREE-YEAR GUIDANCE

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Agnico Eagle Mines Limited (AEM) reported strong financial and operational results for Q4 and full year 2023, achieving record gold production and stable costs. The company's safety performance, mineral reserves, and production outlook remain robust, with strategic initiatives underway to optimize operations. Despite a quarterly net loss, Agnico Eagle generated significant cash flow and declared a quarterly dividend.
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Capella Provides Update on Central Finland Lithium Project

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Capella Minerals Ltd (CMIL) notes European Energy Metals Corp's completion of CAD 1 million in exploration expenditures on the Central Finland Lithium Project, confirming its earn-in to an initial 51% interest. European Energy's field teams discovered high-grade lithium prospects, with plans for scout drilling and further exploration. The President & CEO, Eric Roth, expressed satisfaction with the progress made.
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FAQ

What is the current stock price of Agnico Eagle Mines Ltd. (AEM)?

The current stock price of Agnico Eagle Mines Ltd. (AEM) is $78.16 as of December 20, 2024.

What is the market cap of Agnico Eagle Mines Ltd. (AEM)?

The market cap of Agnico Eagle Mines Ltd. (AEM) is approximately 39.0B.

What does Agnico Eagle Mines Ltd. specialize in?

Agnico Eagle Mines Ltd. specializes in the exploration, development, and production of gold across its eight mines located in Canada, Finland, Mexico, and Australia.

What is Agnico Eagle's policy on gold sales?

Agnico Eagle has a long-standing policy of no forward gold sales, ensuring full exposure to gold prices for its shareholders.

What were some recent significant acquisitions by Agnico Eagle?

In 2022, Agnico Eagle merged with Kirkland Lake Gold, acquiring the Detour Lake and Macassa mines in Canada and the Fosterville mine in Australia. In 2023, they acquired the remaining 50% interest in the Canadian Malartic mine from Yamana Gold.

How much gold did Agnico Eagle produce in 2023?

Agnico Eagle produced over 3.4 million ounces of gold in 2023.

What is the financial outlook for Agnico Eagle?

Agnico Eagle reports strong financial health with record operational performance and a stable production profile at industry-leading costs. The company also offers consistent dividend payments to its shareholders.

Where can I find the latest financial and operational updates on Agnico Eagle?

You can find the latest updates on Agnico Eagle’s official website or stock market websites like the New York Stock Exchange (NYSE) and the Toronto Stock Exchange (TSX) under the symbol AEM.

How many years of gold reserves does Agnico Eagle have?

Agnico Eagle had approximately 15 years of gold reserves at the end of 2023.

What is Agnico Eagle’s commitment towards dividends?

Agnico Eagle has declared a cash dividend every year since 1983, demonstrating its commitment to providing value to its shareholders.

What are Agnico Eagle’s key operational regions?

Agnico Eagle’s key operational regions include Canada, Finland, Mexico, and Australia.

What strategic initiatives does Agnico Eagle focus on?

Agnico Eagle focuses on increasing gold production in lower-risk jurisdictions, optimizing operations, and maintaining financial stability while delivering consistent value to shareholders through dividends and strategic acquisitions.

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Agnico Eagle Mines Ltd.

NYSE:AEM

AEM Rankings

#325 Ranked by Market Cap
#1390 Ranked by Dividends

AEM Stock Data

38.99B
501.04M
0.07%
70.52%
0.84%
Gold
Basic Materials
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United States of America
Toronto