Agnico Eagle’s Robust Gold Manufacturing Attracts Massive Cash…

Based mostly in Toronto, AEM explores, develops, and produces treasured metals. Its mines in Canada, Australia, Finland, and Mexico, together with its exploration and improvement actions in Canada, Australia, Europe, Latin America, and the U.S. principally deal with gold. AEM’s amenities are in a few of the greatest gold producing areas on the earth. Gold’s favorable panorama proper now’s a boon for AEM.

Within the first quarter of fiscal 2025, AEM reported a revenue of $814.7 million on income of practically $2.5 billion. Complete web revenue amounted to $1.62 per share, which was above consensus estimates. Gold manufacturing was 873,794 ounces at manufacturing prices per ounce of $879. Complete money prices per ounce had been $903 and all-in sustaining prices per ounce had been $1,183. As of this writing, the spot value of gold (XAU) is about $three,300.