Agnico Eagle Mines stock builds on Q3 cash flow as outlook holds
Published on 11/10/2026 at 15:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSCash flow supports growth plans
- Agnico Eagle generated 852 million U.S. dollars in third-quarter free cash flow.
- Management expects 2026 gold production near the lower end of guidance and costs near the upper end.
- A Capital Markets Day on November 18 is scheduled to provide further project detail.
Agnico Eagle Mines stock traded at 173.63 euros on Lang & Schwarz at 15:34 CET on Tuesday, November 10. That compares with 167.85 euros in the latest relevant report dated November 6, an increase of 3.44 percent since that report.
The latest operating update came on October 28, when Agnico Eagle Mines reported third-quarter 2026 results. In its earnings release, the company said quarterly free cash flow reached 852 million U.S. dollars. Net income was 1.353 billion U.S. dollars, while adjusted net income came to 1.324 billion U.S. dollars.
Production remains on guidance
Payable gold production totaled 814,012 ounces in the quarter. Agnico Eagle expects full-year 2026 production near the lower end of its 3.3 million-to-3.5 million-ounce range, reflecting the adjusted mine plan at the Barnat open pit in Canadian Malartic.
Cost pressure remains the main constraint. Total cash costs were 1,133 U.S. dollars per ounce and all-in sustaining costs were 1,648 U.S. dollars per ounce in the quarter. Management expects both measures to finish near the upper end of their respective 2026 guidance ranges, citing the adjusted production plan and input costs, particularly diesel.
Projects shape the next catalyst
The company said work continued at Odyssey, Detour Lake, Upper Beaver and Hope Bay. It expects to provide more detail on project development and growth opportunities at its Capital Markets Day on November 18.
Agnico Eagle also said it anticipates returning more than 50 percent of 2026 free cash flow to shareholders through dividends and share repurchases, subject to operating needs and gold prices.
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Agnico Eagle Mines Limited
- ISIN: CA0084741085
- Ticker: AEM
- Primary listings: NYSE and TSX
- Lang & Schwarz quote: 173.63 euros on November 10, 2026, at 15:34 CET
- Third-quarter free cash flow: 852 million U.S. dollars
- 2026 production outlook: 3.3 million to 3.5 million ounces, near the lower end expected
