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Agnico Eagle Mines Ltd. - AEM STOCK NEWS

Welcome to our dedicated page for Agnico Eagle Mines Ltd. news (Ticker: AEM), a resource for investors and traders seeking the latest updates and insights on Agnico Eagle Mines Ltd. stock.

Agnico Eagle Mines Ltd. (symbol: AEM) is a senior Canadian gold mining company with a rich history dating back to 1957. The company is renowned for its unwavering commitment to producing precious metals and maintaining high standards of environmental, social, and governance practices. Agnico Eagle operates eight mines across Canada, Finland, Mexico, and Australia, with ongoing exploration and development activities in these regions as well as the United States. Notably, Agnico Eagle has a unique policy of no forward gold sales, ensuring full exposure to gold prices for its shareholders. In 2022, Agnico Eagle merged with Kirkland Lake Gold, acquiring significant assets including the Detour Lake and Macassa mines in Canada, and the high-grade, low-cost Fosterville mine in Australia. The company's production milestone exceeded 3.4 million ounces of gold in 2023, with approximately 15 years of gold reserves at year-end. Furthermore, Agnico Eagle acquired the remaining 50% interest in the Canadian Malartic mine from Yamana Gold in 2023, solidifying its position in lower-risk jurisdictions. The company's financial stability is underpinned by its record-setting operational performance, consistent dividend payouts since 1983, and strategic partnerships. For the latest updates on Agnico Eagle’s financial performance, operational milestones, and strategic initiatives, visit their official website or check out relevant stock market websites for real-time information.

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Agnico Eagle Mines Limited (NYSE: AEM) has announced its 2021 Annual and Special Meeting of Shareholders (AGM) will be held virtually on April 30, 2021, citing ongoing public health concerns. The company appointed Leona Aglukkaq to its board of directors, effective March 11, 2021. Aglukkaq brings extensive political experience, including serving on the board of TMAC Resources. Additionally, Agnico Eagle plans to release its first quarter results on April 29, 2021, followed by a conference call to discuss these results.

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Agnico Eagle Mines Limited (AEM) reported record quarterly production and cash flow for Q4 2020, with net income of $205.2 million ($0.85/share), although down from $331.7 million in Q4 2019. The company achieved annual net income of $511.6 million ($2.12/share), up from $473.2 million in 2019. Gold production forecasts indicate a 24% growth from 2020 to 2024. Capital expenditures for 2021 are projected at $803 million. The dividend declared is $0.35 per share, payable on March 22, 2021. Strong cash flow and liquidity position support ongoing projects, including Amaruq and Odyssey.

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Agnico Eagle Mines Limited (NYSE: AEM) announced its fourth quarter and full year 2020 results will be released on February 11, 2021, after trading hours. A conference call to discuss the financial results will take place on February 12, 2021, at 9:00 AM (E.S.T.). Investors can tune in via a live audio webcast or by phone. The company also outlined the schedule for its 2021 financial releases, with the first quarter results planned for April 29, 2021. Agnico Eagle, established in 1957, operates mines in Canada, Finland, and Mexico, and has a strong history of consistent dividend payments.

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Agnico Eagle Mines Limited (NYSE: AEM) has announced its acquisition of TMAC Resources Inc. (TSX: TMR) for C$2.20 per share, valuing the total equity of the transaction at approximately C$286.6 million. This offer is a substantial premium of 26% over the prior offer from Shandong Gold Mining Co. The deal aims to leverage Agnico Eagle's operational expertise in the Nunavut region and enhance exploration efforts at the Hope Bay Mine. The acquisition has received overwhelming support from TMAC shareholders, with 97.08% voting in favor during a previous meeting.

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Agnico Eagle Mines Limited has agreed to acquire TMAC Resources Inc. for C$2.20 per share, totaling an equity value of approximately C$286.6 million. This offer is a 26% premium over TMAC's previous offer from Shandong Gold. The acquisition is expected to enhance Agnico Eagle's operations at the Hope Bay Mine and facilitate community engagement in Nunavut. Key stakeholders have committed to support the transaction, which is set to close by February 8, 2021, pending regulatory approval.

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Agnico Eagle Mines Limited (NYSE: AEM) reported net income of $222.7 million or $0.92 per share for Q3 2020, up from $76.7 million in Q3 2019. Adjusted net income is $189.2 million or $0.78 per share. Cash provided by operating activities reached a record $462.5 million. The company declared a quarterly dividend of $0.35 per share, a 75% increase from the previous dividend. Despite production challenges from COVID-19, production volumes were strong with 492,693 ounces of payable gold produced, and capital expenditures are expected to be $720 to $740 million.

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Agnico Eagle Mines Limited (NYSE: AEM) announced a private placement agreement to acquire 25,838,821 units of Maple Gold Mines Ltd. at a price of $0.239 per unit, totaling around $6,175,478. Each unit consists of one common share and one warrant, allowing purchase of shares at $0.34 for three years. Agnico Eagle will also form a 50-50 joint venture with Maple, focusing on their Douay and Joutel projects, with an investment of $18 million in exploration costs. This will increase Agnico's stake to approximately 12.84% of Maple's shares.

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Agnico Eagle Mines Limited (NYSE: AEM) has formed a 50-50 Exploration Joint Venture with Newmont Corporation (NYSE: NEM) to explore the Anza project in Colombia. The project, covering approximately 200 km2, is located in the Mid-Cauca belt, known for its gold deposits. Agnico will initially fund the joint venture until Newmont's previous investment of approximately $2.9 million is matched, expected within 12 months. This move aligns with Agnico's strategy to expand its footprint in Colombia, a region it has been exploring for some time.

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Agnico Eagle Mines Limited (AEM) announced it will release its third quarter 2020 results on October 28, 2020, after trading hours. A conference call is scheduled for October 29, 2020, at 11:00 AM (E.D.T.) to discuss financial and operational performance. The call can be accessed via webcast on the company's website, or by telephone. A replay will be available until November 29, 2020. Agnico Eagle has been a significant player in the gold mining sector since 1957, with ongoing operations in Canada, Finland, and Mexico, and a commitment to dividends since 1983.

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FAQ

What is the current stock price of Agnico Eagle Mines Ltd. (AEM)?

The current stock price of Agnico Eagle Mines Ltd. (AEM) is $83.101 as of November 6, 2024.

What is the market cap of Agnico Eagle Mines Ltd. (AEM)?

The market cap of Agnico Eagle Mines Ltd. (AEM) is approximately 41.7B.

What does Agnico Eagle Mines Ltd. specialize in?

Agnico Eagle Mines Ltd. specializes in the exploration, development, and production of gold across its eight mines located in Canada, Finland, Mexico, and Australia.

What is Agnico Eagle's policy on gold sales?

Agnico Eagle has a long-standing policy of no forward gold sales, ensuring full exposure to gold prices for its shareholders.

What were some recent significant acquisitions by Agnico Eagle?

In 2022, Agnico Eagle merged with Kirkland Lake Gold, acquiring the Detour Lake and Macassa mines in Canada and the Fosterville mine in Australia. In 2023, they acquired the remaining 50% interest in the Canadian Malartic mine from Yamana Gold.

How much gold did Agnico Eagle produce in 2023?

Agnico Eagle produced over 3.4 million ounces of gold in 2023.

What is the financial outlook for Agnico Eagle?

Agnico Eagle reports strong financial health with record operational performance and a stable production profile at industry-leading costs. The company also offers consistent dividend payments to its shareholders.

Where can I find the latest financial and operational updates on Agnico Eagle?

You can find the latest updates on Agnico Eagle’s official website or stock market websites like the New York Stock Exchange (NYSE) and the Toronto Stock Exchange (TSX) under the symbol AEM.

How many years of gold reserves does Agnico Eagle have?

Agnico Eagle had approximately 15 years of gold reserves at the end of 2023.

What is Agnico Eagle’s commitment towards dividends?

Agnico Eagle has declared a cash dividend every year since 1983, demonstrating its commitment to providing value to its shareholders.

What are Agnico Eagle’s key operational regions?

Agnico Eagle’s key operational regions include Canada, Finland, Mexico, and Australia.

What strategic initiatives does Agnico Eagle focus on?

Agnico Eagle focuses on increasing gold production in lower-risk jurisdictions, optimizing operations, and maintaining financial stability while delivering consistent value to shareholders through dividends and strategic acquisitions.

Agnico Eagle Mines Ltd.

NYSE:AEM

AEM Rankings

AEM Stock Data

41.71B
501.52M
0.08%
72.86%
0.7%
Gold
Basic Materials
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United States of America
Toronto