Agnico Eagle Reports Robust 3Q26 Results - Mexico Business News

AI desk brief

Agnico Eagle posted strong Q3 2026 results, with net income of US$1.353bn, adjusted net income of US$1.324bn, and free cash flow of US$852mn as realized gold prices averaged US$4,264/oz in the quarter, up sharply from US$3,476/oz a year earlier. Payable gold production came in at 814,012oz, with AISC of US$1,648/oz, while the company said it remains on track to meet full-year production and cost guidance, with output expected near the lower end of the range.

Operating cash flow remained robust at US$1.755bn in Q3, supported by EBITDA of US$2.445bn, and Agnico said growth projects continue to advance at Hope Bay, Odyssey, Upper Beaver and Detour Lake. The quarter also showed inflationary pressure in labor, energy and royalty costs, but management said free cash generation leaves the company well placed to fund growth and return capital via dividends and buybacks.