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Dec 31, 2024
Agnico Eagle Q4 2024 Earnings Report
Agnico Eagle reported strong financial performance in Q4 2024, with record adjusted net income and free cash flow.
Key Takeaways
Agnico Eagle delivered strong financial results in Q4 2024, driven by higher gold prices and disciplined cost control. Revenue increased by 26.56% YoY to $2.22 billion, while net income rebounded to $509 million from a $374 million loss in Q4 2023. The company achieved record adjusted net income of $632 million and strong free cash flow of $570 million, reinforcing its financial position.
Revenue grew 26.56% YoY to $2.22 billion, driven by higher realized gold prices.
Net income recovered to $509 million from a $374 million loss in Q4 2023.
Record adjusted net income of $632 million and strong free cash flow of $570 million.
Gold production declined by 6.18% YoY to 847,401 ounces, while costs increased.
Revenue by Segment
Forward Guidance
Agnico Eagle expects stable gold production and continued financial strength in 2025, with a focus on cost control and strategic investments.
Positive Outlook
- Gold production guidance for 2025: 3.30M - 3.50M ounces.
- Total cash costs expected to range between $915 - $965 per ounce.
- AISC guidance set at $1,250 - $1,300 per ounce.
- Continued focus on debt reduction and cost efficiency.
- Strategic investments in exploration to sustain long-term growth.
Challenges Ahead
- Slightly lower 2025 production guidance compared to previous expectations.
- Cost increases expected due to inflation and lower-grade ore processing.
- Higher sustaining capital expenditures anticipated.
- Potential operational challenges in underground mining operations.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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