AGNICO EAGLE REPORTS THIRD QUARTER 2026 RESULTS - STRONG FREE CASH FLOW GENERATION DRIVEN BY SOLID OPERATIONAL PERFORMANCE; ON TRACK TO ACHIEVE 2026 PRODUCTION AND COST GUIDANCE
Agnico Eagle reported Q3 2026 net income of $1,353 million ($2.67 per share) on revenues from mining operations of $3.58 billion, up 17% YoY, with free cash flow of $852 million at a realized gold price of $4,264 per ounce. Payable gold production was 814,012 ounces, in line with the adjusted plan, but unit costs rose sharply year-over-year — total cash costs of $1,133/oz (vs $952) and AISC of $1,648/oz (vs $1,331) — driven by labour, diesel and royalty costs.
Key figures
- Eps
- 2.67
- Revenue
- 3583609000
- Guidance
- FY26 gold production near lower end of 3.3-3.5M oz range; total cash costs near upper end of $1,020-$1,120 and AISC near upper end of $1,400-$1,550; capex (ex capitalized exploration) $2.6B-$2.8B
- Revenue Yoy
- 17.1%
- Fcf
- 852000000
- Ebitda
- 2445000000
- Net cash
- 3416000000
- Total debt
- 197000000
- Aisc per oz
- 1648
- Ncib shares
- 1297940
- Adjusted eps
- 2.62
- Cash balance
- 3613000000
- Revolver size
- increased from $2 billion to $3 billion, maturity October 28, 2031
- Ncib avg price
- 192.6
- Adjusted ebitda
- 2466000000
- Capital returns
- 478000000
- Ncib repurchase
- 250000000
- Gold production oz
- 814012
- Operating cash flow
- 1755000000
- Production cost per oz
- 1193
- Total cash cost per oz
- 1133
- Realized gold price per oz
- 4264
- Quarterly dividend per share
- 0.45
AI analysis
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