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Jun 30
Agnico Eagle Q2 2025 Earnings Report
Agnico Eagle reported record free cash flow and strong profitability in Q2 2025.
Key Takeaways
Agnico Eagle delivered a strong Q2 2025 with record adjusted net income and free cash flow, supported by higher gold prices and consistent operational execution. The company also transitioned to a net cash position and returned $300M to shareholders.
Reported net income of $1.069 billion and adjusted net income of $976 million.
Generated record free cash flow of $1.305 billion.
Payable gold production reached 866,029 ounces.
Company transitioned to a net cash position of $963 million and repaid $550 million of debt.
Agnico Eagle
Agnico Eagle
Agnico Eagle Revenue by Segment
Agnico Eagle Revenue by Geographic Location
Revenue by Segment
Gold Revenue
CapyFin.comRevenue by Geographic Location
Canada Revenue
CapyFin.comAustralia Revenue
CapyFin.comFinland Revenue
CapyFin.comMexico Revenue
CapyFin.com Forward Guidance
Agnico Eagle reaffirmed its 2025 full-year guidance for gold production, costs, and capital expenditures.
Positive Outlook
- Full-year gold production expected to be 3.3–3.5 million ounces.
- Total cash cost guidance unchanged at $915–$965/oz.
- AISC guidance remains at $1,250–$1,300/oz.
- Capital expenditures guidance maintained at $1.75B–$1.95B.
- Strong progress on key development projects like Canadian Malartic and Hope Bay.
Challenges Ahead
- Higher royalty expenses due to increased gold prices.
- Operational disruptions from extended caribou migration in Nunavut.
- Slightly lower gold production at Detour Lake due to grade reconciliation.
- Meadowbank and Meliadine affected by longer-than-planned shutdowns.
- Ongoing exposure to international trade tariffs, though currently limited impact.