Agnico Eagle Mines (AEM) Q2 2026 - Preliminary Earnings Alert
Event: Quartr Q2 2026 event Release timing: July 29, 2026; call July 30 at 11:00 a.m. ET. Source status: Earnings release, financial statements, and MD&A available; transcript not yet available.
Beat/Miss
Beat/miss unavailable - API Ninjas definition or period mismatch. API Ninjas lists $3.77 billion revenue and $3.05 EPS, but the release reports different reported measures and API Ninjas does not provide the fiscal-period, revenue-definition, EPS-basis, and estimate-timestamp metadata needed to validate comparability.
Reported results and guidance
- Payable gold production was 855,816 ounces; total cash cost was $1,054 per ounce and AISC was $1,459 per ounce.
- Net income was $1.60 billion ($3.19 per share); adjusted net income was $1.54 billion ($3.07 per share).
- Operating cash flow was $2.14 billion and free cash flow was a record $1.34 billion. Cash increased to $3.46 billion and net cash was $3.27 billion.
- Full-year production remains near the low end of the 3.3-3.5 million-ounce range. Cost guidance is unchanged, while capital-expenditure guidance rose to $2.6-$2.8 billion.
Management points and uncertainty
- Management emphasized better-than-planned production, cost control, a $4,483 realized gold price, and $625 million of shareholder returns.
- Canadian Malartic Odyssey shaft sinking completed its first phase, while Hope Bay redevelopment and Detour underground work advanced.
- The key uncertainty is the revised Barnat open-pit design after the July rock-mass movement at Canadian Malartic, alongside the higher Hope Bay-driven capital program.