AGNICO EAGLE MINES LTD (AEM) Form 6-K — Oct 28, 2026
Agnico Eagle reported Q3 2026 net income of $1.35 billion ($2.67 basic EPS), up from $1.05 billion ($2.10) a year earlier, as revenues from mining operations rose 17.1% to $3.58 billion on a 22.7% higher realized gold price of $4,264 per ounce. Q3 gold production fell to 814,012 ounces from 866,936 ounces, mainly due to a July rock mass movement at the Barnat open pit at Canadian Malartic, which is expected to cut production by 60,000-80,000 ounces in H2 2026 and up to 150,000 ounces in each of 2027 and 2028. FY2026 production guidance now sits at the low end of the 3.3-3.5 million ounce range with costs near the upper end of guidance.
Key figures
- Eps
- 2.67
- Revenue
- 3583609000
- Guidance
- FY2026 payable gold production at low end of 3.3-3.5M oz; total cash costs near upper end of $1,020-$1,120/oz; AISC near upper end of $1,400-$1,550/oz; capex $2.6-2.8B (ex-capitalized exploration); Canadian Malartic total cash costs ~$1,260/oz (prior $1,187)
- Net Income
- 1352874000
- Total Debt
- 197102000
- Revenue Yoy
- 17.1% increase in Q3 (from $3,059.5M to $3,583.6M)
- Total Assets
- 39127019000
- Cash Position
- 3613125000
- Shares Outstanding
- 505546481
- Net cash
- 3416023000
- Q3 buyback
- $250.0M for 1,297,940 shares at avg $192.60
- Q3 adjusted eps
- 2.62
- Q3 free cash flow
- 852214000
- Ncib authorization
- $2.0B / up to 5% of shares
- Nine month revenue
- 11486016000
- Q3 adjusted EBITDA
- 2465777000
- Credit facility size
- $3.0B (upsized from $2.0B), maturity Oct 28, 2031
- Nine month net income
- 4648788000
- Q3 gold production oz
- 814012
- Q3 adjusted net income
- 1324349000
- Barnat production impact
- 60,000-80,000 oz reduction H2 2026; up to 150,000 oz in each of 2027 and 2028
- Finland acquisitions total
- ~$2.35B (Rupert $1,687.4M; Aurion $339.3M; FinGold $325.0M)
- Hope bay annual production
- 400,000-435,000 oz over initial 11-year mine life
- Quarterly dividend per share
- 0.45
- Nine month gold production oz
- 2494937
- Q3 realized gold price per oz
- 4264
- Q3 total cash cost by product per oz
- 1133
AI analysis
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