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 - PR Newswire

AI desk brief

Agnico Eagle reported strong Q3 2026 results, with payable gold production of 814,012 oz, realized gold price of $4,264/oz, and free cash flow of $852 million. The company posted net income of $1.353 billion and ended the quarter with $3.6 billion in cash and a $3 billion revolving credit facility after amending its bank line.

Full-year 2026 production is still expected near the low end of the 3.3-3.5 Moz guidance range, while cash costs and AISC are expected near the high end of guidance at $1,020-$1,120/oz and $1,400-$1,550/oz, respectively, reflecting the adjusted mine plan and diesel-related input cost pressures. Management said it expects to return more than 50% of 2026 free cash flow to shareholders via dividends and buybacks, while development continues at Hope Bay, Odyssey, Upper Beaver and Detour Lake.