Welcome to our dedicated page for Agnico Eagle Min news (Ticker: AEM), a resource for investors and traders seeking the latest updates and insights on Agnico Eagle Min stock.
Agnico Eagle Mines Limited (AEM) is a Canadian-based and led senior gold mining company whose news flow reflects its scale as Canada's largest mining company and one of the largest gold producers in the world. The company produces precious metals from operations in Canada, Australia, Finland and Mexico and regularly reports on its operating and financial performance through detailed quarterly updates.
On this page, readers can follow Agnico Eagle news such as quarterly and annual results, production and cost metrics, and guidance updates. Recent releases have highlighted strong gold production, trends in production costs per ounce, total cash costs per ounce and all-in sustaining costs per ounce, as well as net income, adjusted net income, cash from operating activities and free cash flow. The company also announces conference calls and webcasts for each reporting period, providing schedules and access details for investors.
In addition to earnings-related news, Agnico Eagle issues releases on the progress of key projects and exploration programs at assets like Canadian Malartic, Detour Lake, Upper Beaver, Hope Bay and the San Nicolas project. These updates cover development milestones, shaft and ramp work, infrastructure upgrades and exploration drilling results. The company also reports on strategic equity investments and dispositions involving companies such as Osisko Metals, Maple Gold Mines, Fuerte Metals, Royal Road Minerals and Orla Mining, explaining how these transactions fit within its capital allocation priorities.
Investors and followers of AEM can use this news feed to monitor operational performance, project advancement, strategic investments, balance sheet developments and shareholder return actions such as dividends and share repurchases. Bookmark this page to access a continuously updated stream of company-issued news and related regulatory disclosures.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Agnico Eagle Mines reported a net income of $105.3 million or $0.44 per share for Q2 2020, up from $27.8 million in Q2 2019. Adjusted net income was $44.3 million ($0.18 per share) after accounting for COVID-19 related costs and gains. Despite lower gold production of 331,064 ounces compared to 412,315 ounces a year prior, cash flow from operations rose to $162.6 million. The company anticipates production in H2 2020 to average 480,000 to 500,000 ounces per quarter, with expected declining unit costs. A quarterly dividend of $0.20 per share was also declared.
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