Welcome to our dedicated page for Agnico Eagle Min news (Ticker: AEM), a resource for investors and traders seeking the latest updates and insights on Agnico Eagle Min stock.
Agnico Eagle Mines Limited (NYSE: AEM) is a leading global gold producer with six decades of operational excellence across stable mining jurisdictions. This news hub provides investors with essential updates spanning corporate developments, financial results, and strategic initiatives shaping the precious metals sector.
Access timely filings including quarterly earnings reports, merger announcements, and operational updates. Our curated collection features press releases on resource expansion projects, exploration breakthroughs, and sustainability initiatives - all critical for evaluating this miner's market position.
Key updates cover production milestones from Canadian and international mines, technical reports on mineral reserves, and analysis of gold market dynamics. Bookmark this page for centralized access to AEM's official communications and third-party analysis vetted for financial relevance.
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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 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 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 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 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 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 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 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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Agnico Eagle Mines Limited (AEM) will release its Q4 and full year 2023 results on February 15, 2024, followed by a conference call on February 16, 2024. The company's quarterly operating results for 2024 and Annual General Meeting of Shareholders are also scheduled.
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Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) announced the acquisition of 19,600,000 units of Canada Nickel Company Inc. at a price of $1.18 per unit for a total consideration of approximately $23,128,000. This investment represents an early-stage investment in the critical minerals sector, focusing on Canada. The acquisition aligns with Agnico Eagle's strategy of early-stage project investments, providing an opportunity to establish a presence in an emerging nickel belt.
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