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 - Morningstar

AI desk brief

Agnico Eagle reported strong Q3 2026 results, with payable gold production of 814,012 oz, AISC of $1,648/oz and realized gold prices of $4,264/oz driving free cash flow of $852 million. The company said it remains on track for full-year production at the lower end of 3.3-3.5 Moz, while cash costs and AISC are likely near the upper end of guidance because of mine-plan changes and input-cost pressure, mainly diesel.

Balance sheet strength improved further, with cash rising to $3.613 billion and net cash at $3.416 billion; Agnico also expanded its unsecured revolver to $3 billion. Management reiterated plans to return more than 50% of free cash flow to shareholders in 2026 through dividends and buybacks, while advancing key growth projects at Odyssey, Detour Lake and Upper Beaver.