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
PR Newswire•28/10/2026•17:00 ET
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Key Highlights
- ➤Q3 net income $1.353B, up from $1.055B year over year
- ➤Q3 free cash flow $852M, with realized gold prices reaching $4,264 per ounce
- ➤2026 gold production remains near lower guidance range of 3.3–3.5 million ounces
- ➤2026 total cash costs and AISC expected near upper guidance ends of $1,120 and $1,550
- ➤Net cash reached $3.416B; revolving credit facility increased to $3B
- ➤Shareholders received $478M in Q3, including $250M of share repurchases
Expert Statements
Ammar Al-Joundi, President and Chief Executive Officer of Agnico Eagle Mines Limited
“Our business continues to perform well, reflecting the consistent execution of our teams across the Company. Solid operational performance contributed to strong free cash flow generation and we remain on track to achieve our full year guidance, with production expected near the lower end of the range and costs within the range despite inflationary cost pressures,”
Ammar Al-Joundi, President and Chief Executive Officer of Agnico Eagle Mines Limited
“We are making excellent progress across our project pipeline, with the focus on continuing our long track record of increasing gold production per share for our owners. Construction is ramping up at Hope Bay, the first phase of shaft sinking is complete at Odyssey and project infrastructure continues to advance at Upper Beaver and Detour Lake. Our strong free cash flow generation provides the flexibility to advance these growth opportunities while continuing to return significant capital to shareholders through dividends and share repurchases.”
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 PR Newswire
(All amounts expressed in U.S. dollars unless otherwise noted)
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