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Agnico Eagle reports third-quarter 2026 net profit up 28% year over year

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09:33:08 PM UTC
SquawkNews
Agnico Eagle reported solid free cash flow for the third quarter of 2026, which supported capital expenditures, dividends, and share repurchases. The company confirmed that its 2026 gold production is expected to be near the lower end of its 3.3—3.5 million ounce guidance range, with all-in sustaining costs (AISC) projected to remain within the $1,400—$1,550 per ounce range. During the quarter, the company generated $1.76 billion in operating cash flow and returned $478 million to shareholders through dividends and share buybacks. Additionally, Agnico Eagle expanded its revolving credit facility to $3 billion following the quarter's end to enhance liquidity for multi-year growth projects.