NYSE$AEM
Agnico Eagle Mines Ltd · Q2 2024 earnings
Q2 2024 earnings · · After market close · Investor relations
Briefing
Agnico Eagle reported record free cash flow and strong gold production for Q2 2024.
Agnico Eagle Mines Ltd delivered strong Q2 2024 results with payable gold production of 895,838 ounces. The company achieved net income of $472 million ($0.95 per share) and record adjusted net income of $535.3 million ($1.07 per share), alongside record free cash flow of $557.2 million.
- Payable gold production reached 895,838 ounces with AISC of $1,169 per ounce.
- Record quarterly free cash flow of $557.2 million and cash from operations of $961.3 million.
- Cash position increased to $922 million with reduced net debt.
- Full year 2024 production and cost guidance reiterated at 3.35-3.55 million ounces.
Headline financials
Revenue & EPS history
Agnico Eagle · Revenue · Quarterly
$2.03B
Forward guidance
Full year 2024 guidance reiterated with production of 3.35-3.55 million ounces and costs unchanged.
Tailwinds
- Strong operational performance supports guidance achievement
- Pipeline projects advancing with solid risk-adjusted returns
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports
+0.8%
Avg return
Earnings day
+0.5%
Avg return
5 days after
-0.6%
Avg return
30 days after
56%
37 / 66 earnings
Positive
+14.7%
Q3 2013
Best reaction
-15.9%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2024 | — | — | — | |
| Q2 2026 | — | — | — | |
| Q4 2025 | +5.5% | +7.5% | +1.1% | |
| Q4 2024 | -4.9% | -2.7% | +2.8% | |
| Q3 2024 | -2.9% | -3.3% | -5.0% | |
| Q1 2024 | +2.9% | -0.5% | +6.3% | |
| Q4 2023 | +5.5% | +7.3% | +23.5% | |
| Q3 2023 | -4.1% | -3.7% | +0.8% | |
| Q2 2023 | -3.3% | +0.2% | -9.6% | |
| Q1 2023 | +1.5% | +4.0% | -8.7% | |
| Q4 2022 | -5.9% | -5.4% | +3.4% | |
| Q3 2022 | +4.4% | +2.2% | +15.9% | |
| Q2 2022 | +6.4% | +8.8% | +10.3% | |
| Q1 2022 | +5.6% | +4.9% | -2.0% | |
| Q4 2021 | -3.0% | -5.9% | +15.7% | |
| Q3 2021 | -3.3% | -7.1% | -9.5% | |
| Q2 2021 | +5.9% | +4.8% | -4.2% | |
| Q1 2021 | -4.1% | +2.0% | +10.2% | |
| Q4 2020 | -8.7% | -12.5% | -19.0% | |
| Q3 2020 | -2.4% | +0.4% | -20.0% | |
| Q2 2020 | +0.2% | +3.9% | +9.2% | |
| Q1 2020 | +1.0% | +5.2% | +5.6% | |
| Q4 2019 | -15.9% | -16.4% | -37.1% | |
| Q3 2019 | +8.6% | +10.0% | +13.2% | |
| Q2 2019 | +1.1% | +2.2% | +15.8% | |
| Q1 2019 | +4.1% | +2.0% | +1.3% | |
| Q4 2018 | +3.7% | +4.0% | +5.0% | |
| Q3 2018 | -4.7% | -4.4% | -3.2% | |
| Q2 2018 | -4.5% | -5.7% | -18.7% | |
| Q1 2018 | +1.5% | -2.5% | +1.5% | |
| Q4 2017 | +2.7% | -1.9% | -10.2% | |
| Q3 2017 | +2.7% | +2.2% | +1.0% | |
| Q2 2017 | +4.0% | +2.8% | +4.5% | |
| Q1 2017 | +9.7% | +7.4% | +12.7% | |
| Q4 2016 | -4.8% | -5.3% | -14.3% | |
| Q3 2016 | -1.7% | +2.4% | -17.6% | |
| Q2 2016 | +7.2% | +11.7% | -0.6% | |
| Q1 2016 | +14.1% | — | — | |
| Q4 2015 | +6.7% | — | — | |
| Q3 2015 | +0.3% | — | — | |
| Q2 2015 | -6.4% | — | — | |
| Q1 2015 | -0.5% | — | — | |
| Q4 2014 | +3.4% | — | — | |
| Q3 2014 | +5.7% | — | — | |
| Q2 2014 | -10.0% | — | — | |
| Q1 2014 | +9.3% | — | — | |
| Q4 2013 | -1.8% | — | — | |
| Q3 2013 | +14.7% | — | — | |
| Q2 2013 | -7.0% | — | — | |
| Q1 2013 | -6.9% | — | — | |
| Q4 2012 | -2.3% | — | — | |
| Q3 2012 | +7.2% | — | — | |
| Q2 2012 | +12.1% | — | — | |
| Q1 2012 | -1.3% | — | — | |
| Q4 2011 | +0.9% | — | — | |
| Q3 2011 | +0.8% | — | — | |
| Q2 2011 | +2.9% | — | — | |
| Q1 2011 | -2.5% | — | — | |
| Q4 2010 | -4.1% | — | — | |
| Q3 2009 | -3.4% | — | — | |
| Q3 2010 | -3.4% | — | — | |
| Q2 2010 | +2.4% | — | — | |
| Q2 2009 | +2.4% | — | — | |
| Q1 2009 | -1.1% | — | — | |
| Q1 2010 | -1.1% | — | — | |
| Q4 2008 | +3.5% | — | — | |
| Q4 2009 | +3.5% | — | — | |
| Q4 2007 | +3.5% | — | — | |
| Q3 2008 | — | — | — | |
| Q2 2008 | — | — | — | |
| Q1 2008 | — | — | — | |
| Q3 2007 | — | — | — | |
| Q2 2007 | — | — | — | |
| Q1 2007 | — | — | — | |
| Q3 2006 | — | — | — | |
| Q2 2006 | — | — | — | |
| Q1 2006 | — | — | — |
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