Jun 2026 (Q2 FY26) — Jul 30, 2026
Agnico Eagle Q2 FY26 — Record Free Cash Flow and Shareholder Returns Amidst Operational Improvements
Read the full callAgnico Eagle (AEM) earnings
- Jun 2026 (Q2 FY26)
- Dec 2025
Agnico Eagle earnings: last reported Thu, 30 Jul 2026, for the quarter ended Jun 2026.
Guidance
What management said, and what became of it
14 of 19 judged targets kept · 37 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Hope Bay project approval | project approval | Dec 2025 | At Obey, we've reached our target of the detail engineering, which was the trigger for us to give the green light for construction that we did in May. | Achieved |
| NCIB renewal | renew and increase purchase limit up to $2 billion | Dec 2025 | Ghosted | |
| All-in sustaining costs | $1,400 to $1,550 per ounce | Mar 2026 | Total cash costs were $1,054 per ounce and all-in sustaining costs were $1,459 per ounce, below our cost in the first quarter below the midpoint of our guidance ranges and hundreds of dollars below the industry average. | On Track |
5 of AGNICO EAGLE MINES LTD's 56 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 53 more targets are in the full ledger.
Claimed
- Record free cash flow of over $1.3 billion for the quarter.
- Record capital returns to shareholders of $625 million in Q2, including $400 million in share repurchases.
- Gold production of 856,000 ounces, above budget for the second consecutive quarter.
- Total cash costs of $1,054 per ounce and all-in sustaining costs of $1,459 per ounce, both within guidance and below industry average.
- Net cash position increased to approximately $3.3 billion, reinforcing financial strength.
Qualified
- A rock movement in the Barnat pit wall on July 1, resulting in 1 million tons of material sliding and 370,000 ounces becoming inaccessible.
- Three fatalities occurred in the last year, including one tragic incident on May 1, highlighting safety challenges.
- 2026 production forecast, while within original guidance, is now expected towards the lower end of the 3.3 million to 3.5 million ounces range due to the Barnat incident.
- Inflationary pressures, particularly in labor (3-4% for Canada CPI) and diesel (7% of overall costs), continue to impact the industry.
Price
$187.61 −1.01% · −$1.92
Performance +7.5% 1Y
1Y: $174.49 on 17 Oct 2025 → $187.61. High $252.19 (2 Mar 2026), low $136.34 (20 Jul 2026).
- Previous close
- $189.53
- 52-week range
- $136.34 – $252.19
- One year
- +5.10%
Overview
- Symbol
- AEM
- Sector
- Materials
- Industry
- Gold and Silver Ores
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
14 of 19 judged targets kept · 37 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Hope Bay project approval | project approval | Dec 2025 | At Obey, we've reached our target of the detail engineering, which was the trigger for us to give the green light for construction that we did in May. | Achieved |
| NCIB renewal | renew and increase purchase limit up to $2 billion | Dec 2025 | Ghosted | |
| All-in sustaining costs | $1,400 to $1,550 per ounce | Mar 2026 | Total cash costs were $1,054 per ounce and all-in sustaining costs were $1,459 per ounce, below our cost in the first quarter below the midpoint of our guidance ranges and hundreds of dollars below the industry average. | On Track |
Claimed
- Record free cash flow of over $1.3 billion for the quarter.
- Record capital returns to shareholders of $625 million in Q2, including $400 million in share repurchases.
- Gold production of 856,000 ounces, above budget for the second consecutive quarter.
- Total cash costs of $1,054 per ounce and all-in sustaining costs of $1,459 per ounce, both within guidance and below industry average.
- Net cash position increased to approximately $3.3 billion, reinforcing financial strength.
Qualified
- A rock movement in the Barnat pit wall on July 1, resulting in 1 million tons of material sliding and 370,000 ounces becoming inaccessible.
- Three fatalities occurred in the last year, including one tragic incident on May 1, highlighting safety challenges.
- 2026 production forecast, while within original guidance, is now expected towards the lower end of the 3.3 million to 3.5 million ounces range due to the Barnat incident.
- Inflationary pressures, particularly in labor (3-4% for Canada CPI) and diesel (7% of overall costs), continue to impact the industry.
The full ledger
Open AGNICO EAGLE MINES LTD’s full ledger
A free account opens 5 company ledgers a month. All 56 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — May 1, 2026
Agnico Eagle Q1 FY26 — Record earnings on strong operations and exceptional gold prices
Read the full callDec 2025 (Q4 FY25) — Feb 13, 2026
Agnico Eagle Q4 FY25 — Record Performance and Accelerated Growth Projects
Read the full callEvery analysed call
Agnico Eagle earnings calls (AEM)
Financials
What the filings say
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Total liabilities | 3,303 | 3,678 | 3,932 | 4,216 | 7,253 | 9,262 | 9,154 | 9,729 |
| Fixed assets | 6,234 | 7,004 | 7,325 | 7,676 | 18,459 | 21,222 | 21,466 | 22,851 |
| Total assets | 7,853 | 8,790 | 9,615 | 10,216 | 23,495 | 28,685 | 29,987 | 34,471 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 606 | 882 | 1,192 | 1,345 | 2,097 | 2,602 | 3,961 | 6,817 |
| Cash from investing | -1,204 | -874 | -809 | -1,264 | -710 | -2,761 | -2,007 | -2,598 |
| Cash from financing | 274 | 11 | -303 | -297 | -915 | -164 | -1,356 | -2,287 |
| Net cash flow | -331 | 20 | 81 | -217 | 473 | -320 | 588 | 1,940 |
| Capital expenditure | -1,089 | -883 | -759 | -897 | -1,538 | -1,654 | -1,818 | -2,418 |
| Free cash flow | -483 | -1 | 433 | 448 | 558 | 947 | 2,143 | 4,399 |
Insider filings
No filings in the last 12 months.
No officer, director or 10% owner of AEM filed a Form 4 in this window. That is a statement about filings, not about ownership — see the note below.
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
Your own record
Start an Inve Case for AGNICO EAGLE MINES LTD
Free account. Everything above stays public.
Write why you follow AGNICO EAGLE MINES LTD and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.
Keep reading