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Agnico Eagle Mines Limited (NYSE:AEM ) Q4 2024 Earnings Conference Call February 14, 2025 11:00 AM ET Company Participants Ammar Al-Joundi - President and CEO Jamie Porter - EVP of Finance and CFO Natasha Vaz - EVP and Chief Operating Officer, Ontario, Australia and Mexico Dominique Girard - EVP and Chief Operating Officer, Nunavut, Quebec and Europe Guy Gosselin - EVP of Exploration Conference Call Participants Anita Soni - CIBC World Markets Joshua Wolfson - RBC Capital Markets Daniel Major - UBS Lawson Winder - Bank of America Securities Michael Parkin - National Bank Financial, Inc. John Tumazos - John Tumazos Very Independent Research Tanya Jakusconek - Scotiabank Operator Good morning. My name is Joelle, and I'll be your conference operator today.
Agnico Eagle reported another year of phenomenal results, including record free cash flow generation of ~$2.14 billion and ~51% AISC margins in Q4-24, which came in at industry-leading levels. Notably, it also beat its guidance midpoint for the second consecutive year and saw solid cost control (~$1,239/oz AISC) despite higher sustaining capital in the period that impacted costs. Finally, Agnico has seen no shortage of exploration success with excess mill capacity at Malartic and untapped potential at Detour. These assets could grow to 1.0-plus million ounces/year longer term.
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Payable gold production of AEM was 847,401 ounces in the reported quarter, down from 903,208 ounces in the prior-year quarter.
Agnico Eagle Mines (AEM) came out with quarterly earnings of $1.26 per share, beating the Zacks Consensus Estimate of $1.17 per share. This compares to earnings of $0.57 per share a year ago.
Stock Symbol: AEM (NYSE and TSX) (All amounts expressed in U.S. dollars unless otherwise noted) TORONTO , Feb. 13, 2025 /PRNewswire/ - Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) ("Agnico Eagle" or the "Company") is pleased to provide an update on year-end 2024 mineral reserves and mineral resources, exploration activities at mine sites and select advanced projects in 2024, and the Company's exploration plans and guidance for 2025. The Company's exploration focus remains on extending mine life at existing operations, testing near-mine opportunities and advancing key value driver projects.
The Investment Committee give you their top stocks to watch for the second half.
AEM's performance is expected to reflect the benefits of higher gold prices and strong production.