Agnico Eagle Q4 Revenue Jumps 60.3%, EPS Doubles to $2.69
Agnico Eagle reported Q4 revenue of $3.56 billion, up 60.3% year-over-year and beating estimates by 9.98%, while adjusted EPS rose to $2.69 from $1.26, a 4.91% surprise. Gold production reached 840,608 ounces with all-in sustaining costs of $1,517/oz, above analyst forecasts of $1,329/oz.
1. Quarterly Financial Performance
Agnico Eagle delivered Q4 revenue of $3.56 billion, marking a 60.3% increase over the prior year and surpassing consensus by 9.98%. Adjusted EPS reached $2.69, up from $1.26 a year ago and beating estimates by 4.91%, reflecting robust top- and bottom-line expansion.
2. Production and Cost Metrics
Total gold production was 840,608 ounces versus analyst expectations of 836,891 ounces. All-in sustaining costs came in at $1,517 per ounce, above the forecast of $1,329, while total cash costs were $1.09 million compared to estimates of $963,730, indicating higher operating expenses per ounce.
3. Regional Mining Revenue
Quebec’s Canadian Malartic complex generated $615.16 million (+53.9% YoY) and Goldex produced $141.53 million (+68.4%). Nunavut operations saw $448.62 million at Meliadine (+72.9%) and $483.58 million at Meadowbank (+58.5%), while Mexico’s Pinos Altos delivered $101.32 million (+64.8%). Ontario’s Detour Lake and Macassa contributed $718.43 million (+62.3%) and $243.65 million (+13.1%), respectively, and Australia’s Fosterville added $131.67 million (+17.9%).
4. Market Reaction and Outlook
Shares have climbed approximately 28.1% year-to-date, outpacing the S&P 500’s 1.4% gain, as investors digest stronger-than-expected metrics. Analysts remain bullish on estimate revisions ahead of updated production targets and full-year guidance.