Latest news with #Agnico
Yahoo
5 days ago
- Business
- Yahoo
Kinross Gold (KGC) Down 0.9% Since Last Earnings Report: Can It Rebound?
It has been about a month since the last earnings report for Kinross Gold (KGC). Shares have lost about 0.9% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Kinross Gold due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. It turns out, estimates review have trended upward during the past month. The consensus estimate has shifted 19.35% due to these changes. At this time, Kinross Gold has a great Growth Score of A, a grade with the same score on the momentum front. Following the exact same course, the stock was allocated a grade of A on the value side, putting it in the top 20% for this investment strategy. Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise Kinross Gold has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months. Kinross Gold is part of the Zacks Mining - Gold industry. Over the past month, Agnico Eagle Mines (AEM), a stock from the same industry, has gained 5.4%. The company reported its results for the quarter ended March 2025 more than a month ago. Agnico reported revenues of $2.47 billion in the last reported quarter, representing a year-over-year change of +34.9%. EPS of $1.53 for the same period compares with $0.76 a year ago. Agnico is expected to post earnings of $1.45 per share for the current quarter, representing a year-over-year change of +35.5%. Over the last 30 days, the Zacks Consensus Estimate has changed +5.5%. The overall direction and magnitude of estimate revisions translate into a Zacks Rank #2 (Buy) for Agnico. Also, the stock has a VGM Score of B. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Kinross Gold Corporation (KGC) : Free Stock Analysis Report Agnico Eagle Mines Limited (AEM) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
14-05-2025
- Business
- Yahoo
Agnico Eagle Mines (NYSE:AEM) Reports Q1 2025 Earnings Surge With Net Income Reaching US$815 Million
Agnico Eagle Mines recently reported robust earnings for Q1 2025, showcasing a significant increase in net income to $815 million compared to the previous year. This financial strength combines with strategic actions like authorizing a substantial share buyback program and maintaining stable dividend payments, which bolster investor confidence. The company's announcement to repurchase a sizable portion of its shares aligns with the broader positive market trend, which has risen 4% in the past week. These developments support Agnico's 7.5% stock price increase over the last quarter, reflecting enhanced shareholder returns amid stable gold production forecasts. You should learn about the 1 risk we've spotted with Agnico Eagle Mines. Explore 22 top quantum computing companies leading the revolution in next-gen technology and shaping the future with breakthroughs in quantum algorithms, superconducting qubits, and cutting-edge research. The recent developments around Agnico Eagle Mines, including a robust Q1 performance and the announcement of a substantial share buyback program, highlight the company's commitment to enhancing shareholder returns while stabilizing revenue streams amid a steady gold production forecast. Such actions are anticipated to bolster investor confidence and potentially impact revenue and earnings forecasts positively. Analysts expect revenue to expand annually at a rate of 4.3%, with earnings projected to reach US$3.0 billion by 2028 fueled by expansions at key assets, which are crucial factors under the company's growth narrative. Over the past three years, Agnico Eagle Mines has delivered a total return of 123.71%, reflecting strong long-term gains that far exceed its performance over the last one year, which was in line or above the Metals and Mining industry's performance of a decline of 3.9%. This long-term performance provides a crucial context for evaluating recent share price movements. With a current share price of US$119.13, Agnico's market value is close to the consensus analyst price target of US$126.38, indicating a 5.7% potential upside. The relatively narrow discount to the price target suggests that the current valuation may already incorporate much of the anticipated positive developments. Review our growth performance report to gain insights into Agnico Eagle Mines' future. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:AEM. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Yahoo
15-03-2025
- Business
- Yahoo
Best Stock to Buy Right Now: Barrick Gold vs Agnico Eagle?
Written by Karen Thomas, MSc, CFA at The Motley Fool Canada Gold stocks – the ultimate safe haven. These days, escalating tariff wars and increasing geopolitical risk around the globe has investors looking for safety. This is where gold stocks come in. But what is the best gold stock to buy right now? Let's take a look at which one is better, Barrick Gold Corp. (TSX:ABX) or Agnico Eagle Mines Ltd. (TSX:AEM). I've written about Agnico Eagle Mines stock many times before. It has in fact been my favourite gold stock to own for many years now. My reasoning is fairly simple. Agnico has it all – solid assets, exemplary operational performance, and very low political/country risk. The price of gold has hit US $3,000 per ounce for the first time ever. Trading at all-time highs and showing no signs of slowing, it's no surprise that most gold stocks, like Agnico Eagle, are rallying. In fact, Agnico Eagle stock has doubled since the end of 2023 and increased 33% since the beginning of this year. So why do I like Agnico Eagle stock? Well, firstly, I like that Agnico-Eagle's mines are all in politically safe, pro-mining jurisdictions. This includes places like Canada, Europe, Australia, and Mexico. This means that Agnico's mines operate without disruption caused by civil unrest and/or government interference. In turn, this leads to consistently stable results that are only affected by market forces and operational factors. In other words, Agnico is more of a master of its own fate, versus other gold companies that have operations in unstable parts of the world. Also, Agnico has strong operational performance. This has translated into record production, cash flows, and earnings as well as strong shareholder returns. For example, Agnico reported record free cash flow of $2.1 billion in 2024. Also, costs were the lowest among its peer group and earnings per share (EPS) of $4.23 blew past expectations and were 90% higher than the prior year. Barrick is a different beast altogether, with operations in very risky parts of the world. In fact, Latin America and Asia Pacific accounts for 17% of gold production, and Africa and the Middle East accounts for 38% of gold production. While Barrick is also seeing strong cash flows as a result of strong commodity prices, the company is experiencing problems in its operations in Africa. Back on January 14, Barrick temporarily suspended operations of its mines in Mali. This was is response to restrictions that the government imposed on the company. In violation of their conventions, the government has actually been blocking Barrick's gold exports since early November 2024. This is the kind of business interruption that companies risk when they operate in unstable countries. And this is why Agnico has chosen to steer clear of these countries. This risk is not easily overlooked at any time, and this is why I chose to invest in Agnico Eagle years ago for my gold exposure. It's also why I continue to favour Agnico Eagle as my gold stock of choice. In conclusion, I definitely think that the best gold stock to buy right now to take advantage of the strength in gold prices is Agnico Eagle. It provides a safe haven that can shelter investors from geopolitical risks and even benefit from them. The post Best Stock to Buy Right Now: Barrick Gold vs Agnico Eagle? appeared first on The Motley Fool Canada. Motley Fool Canada's market-beating team has just released a brand-new FREE report revealing 5 "dirt cheap" stocks that you can buy today for under $50 a share. Our team thinks these 5 stocks are critically undervalued, but more importantly, could potentially make Canadian investors who act quickly a fortune. Don't miss out! Simply click the link below to grab your free copy and discover all 5 of these stocks now. Claim your FREE 5-stock report now! More reading Best Canadian Stocks to Buy in 2025 Here's Exactly How $15,000 in a TFSA Could Grow Into $200,000 4 Secrets of TFSA Millionaires Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Karen Thomas has a position in Agnico-Eagle Mines. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. 2025 Sign in to access your portfolio
Yahoo
13-03-2025
- Business
- Yahoo
Wallbridge Provides Results of 2024 Drilling Program on Detour East Property
TORONTO, March 13, 2025 (GLOBE NEWSWIRE) -- Wallbridge Mining Company Limited (TSX: WM, OTCQB: WLBMF) ('Wallbridge' or the 'Company') is pleased to announce that it has received final assay results from the 2024 exploration drilling program carried out by Agnico Eagle Mines ('Agnico') on the Detour East property located approximately 55 kilometres west of its 100% owned Fenelon Gold Project ('Fenelon') and 25 kilometres east of Agnico's Detour Lake gold mine. Agnico holds an option to earn a 75% interest in the Detour East Property, which is currently 100% owned by Wallbridge. Assay highlights include: 9.95 g/t Au over 0.5 metres in hole DTE-24-55, which drilled a previously untested target located along the Sunday Lake Deformation Zone ('SLDZ') within a few hundred metres of Wallbridge's neighboring Casault property 1.34 g/t Au over 3.0 metres in hole DTE-24-64 plus 1.27 g/t Au over 3.7 metres and 2.57 g/t Au over 2.1 metres in hole DTE-24-65, drilled on a previously identified target located along an accessory structure 2 kilometres north of the SLDZ near the boundary with the Casault property 1.43 g/t Au over 5.0 metres, 5.79 g/t Au over 1.0 metre and 7.02 g/t Au over 3.5 metres in hole DTE-24-66 and 2.2 g/t Au over 2.4 metres in hole DTE-24-68, drilled on the historic Lynx target located along the Massicotte Deformation Zone ('MDZ') 'We believe these positive drill results, in combination with the completion of the airborne geophysical survey, represent another significant step forward toward a new gold discovery in the northern Abitibi region,' commented Brian Penny, Wallbridge CEO. 'Since entering into the Detour East option agreement in late 2020, Agnico has invested approximately $5.5 million into exploring the property, with approximately $2.0 million of qualified expenditures remaining in order to acquire an initial 50% interest in the property. We look forward to continued positive exploration results at Detour East during 2025,' concluded Mr. Penny. The 2024 exploration program at Detour East was conducted in two phases. The first involved the completion of a property-wide airborne Mobile Magnetotellurics (MT) geophysical survey totaling 1,923 line-kilometres to map bedrock lithology, structure and possible alteration and mineralization concealed beneath the extensive surficial overburden cover characteristic of the region. The results of the MT survey were used to identify prospective geologic and geophysical targets in proximity to the regional scale SLDZ, MDZ, and interpreted accessory fault structures as they extend across the northern and southern portions of the property. The second phase involved the completion of a 14-hole diamond drilling program totaling 6,475 metres. Significant brittle-ductile style structural deformation hosting localized gold mineralization was intersected at multiple targets, confirming the locations of the main SLDZ and MDZ structures and accessory fault structures. Of the 14 holes drilled, 9 intercepted gold mineralization that may warrant further drilling. Gold mineralization occurs in association with quartz-sulfide and quartz-carbonate veining and breccia fillings. Additional details from the 2024 drilling program are provided in the summary table below: Detour East Gold Project: 2024 Drill Assay Highlights Drill Hole From(m) To(m) Length(m) Au(g/t) Targeted Zone DTE-24-55 198.0 198.5 0.5 9.95 SLDZ DTE-24-56 234.0 236.0 2.0 0.53 SLDZ DTE-24-57 No significant assays reported MDZ DTE-24-58 No significant assays reported MDZ DTE-24-59 No significant assays reported MDZ DTE-24-60 231.0 233.0 2.0 0.50 MDZ DTE-24-61 No significant assays reported MDZ DTE-24-62 102.6 103.6 1.0 2.26 MDZ 299.0 300.0 1.0 1.29 DTE-24-63 118.0 118.9 0.9 1.85 MDZ DTE-24-64 97.0 98.0 1.0 1.18 SLDZ 188.0 194.3 6.3 0.72 223.0 226.5 3.5 0.45 251.0 253.0 2.0 0.75 267.0 270.5 3.5 0.87 431.0 434.0 3.0 1.34 DTE-24-65 183.3 187.0 3.7 1.27 SLDZ 209.8 211.9 2.1 2.57 DTE-24-66 87.0 92.0 5.0 1.43 MDZ 115.0 116.0 1.0 5.79 123.0 126.5 3.5 7.02 129.2 130.1 0.9 1.58 DTE-24-67 No significant assays reported MDZ DTE-24-68 88.0 89.0 1.0 1.25 MDZ 93.5 96.3 2.8 0.70 124.5 126.9 2.4 2.20 132.3 137.7 5.4 0.57 Assay results are presented in summary format as reported by Agnico to Wallbridge. As these are exploration results, accurate estimation of true interval widths have not been determined. Links to a drill hole location map and an example cross-section for drill holes reported in this news release are provided here: Detour East Project: 2024 Drill Hole Location Map & Cross-Sections The Detour East property is a 231 km2 claim block that comprises part of the Company's 830 km2 Detour-Fenelon Gold Project land package. It covers approximately 20 km of the SLDZ and approximately 15 km of the MDZ as they extend east from the Québec-Ontario border. Under terms of the Detour East option agreement, Agnico has the option to acquire an initial 50% ownership interest in the property by funding expenditures of $7.5 million by November 23, 2025. Upon Agnico exercising its option to earn the initial 50% interest, a joint venture will be formed and Agnico will have a second option to earn an additional 25% interest in the property by completing an additional $27.5 million in qualified work expenditures within 5 years of entering into the joint venture agreement, for a total undivided 75% interest in the property. Agnico is the project operator during the full term of the option period. There is a NSR royalty of 2%, relating to the entirety of the property, payable to a former owner, which may be repurchased at any time for $1.0 million for the first 50% of the NSR interest and $2.0 million for the remainder. Quality Assurance / Quality Control Agnico Eagle Mines Limited maintains a Quality Assurance/Quality Control ("QA/QC") program for all its exploration projects using industry best practices. Key elements of the QA/QC program include verifiable chain of custody for samples, regular insertion of blanks and certified reference materials, and completion of secondary check analyses performed at a separate independent accredited laboratory. Drill core is halved and shipped in sealed bags to ALS Minerals in Timmins, Ontario for sample preparation. Samples are logged in the tracking system, weighed, dried, and finely crushed to better than 70% passing a 2 mm screen per preparation code CRU-31. A split of up to 500 g is taken using a Boyd rotary splitter and pulverized to better than 85% passing a 75 µm screen per code PUL-32m. A 200g split is sent to ALS Minerals in Vancouver for analysis. Samples are assayed for gold using fire assay techniques on a 50 g sample with atomic absorption spectroscopy finish (Au-AA24). Samples with >10 g/t Au are reanalyzed with a gravimetric finish (Au-GRA22). Samples containing visible gold are analyzed using a screen metallics procedure and followed with a silica wash of equipment per request by Exploration personnel. A high-grade standard is placed before the sample with visible gold within the previous 10 samples and a blank sample is inserted immediately after the sample with visible gold. ALS Minerals operates under a Quality Management System that conforms to the requirements of ISO/IEC 17025. Qualified Person The Qualified Person responsible for the technical content of this news release is Mr. Mark A. Petersen, (OGQ AS-10796: PGO 3069), Senior Exploration Consultant for Wallbridge. About Wallbridge Mining Wallbridge is focused on creating value through the exploration and sustainable development of gold projects in Québec's Northern Abitibi region while respecting the environment and communities where it operates. The Company holds a contiguous mineral property position totaling 830 km2 that extends approximately 97 kilometers along the Detour-Fenelon gold trend. The property is host to the Company's flagship PEA stage Fenelon Gold Project, and its earlier exploration stage Martiniere Gold Project. For further information please visit the Company's website at or contact: Brian Penny, CPA, CMACEOEmail: bpenny@ +1 416 716 8346 Tania Barreto, CPIRDirector Investor RelationsEmail: tbarreto@ +1 289 819 3012 The information in this document may contain forward-looking statements or information (collectively, '') within the meaning of applicable Canadian securities legislation. FLI is based on expectations, estimates, projections, and interpretations as at the date of this document. All statements, other than statements of historical fact, included herein are FLI that involve various risks, assumptions, estimates and uncertainties. Generally, FLI can be identified by the use of statements that include, but are not limited to, words such as 'seeks', 'believes', 'anticipates', 'plans', 'continues', 'budget', 'scheduled', 'estimates', 'expects', 'forecasts', 'intends', 'projects', 'predicts', 'proposes', "potential", 'targets' and variations of such words and phrases, or by statements that certain actions, events or results 'may', 'will', 'could', 'would', 'should' or 'might', 'be taken', 'occur' or 'be achieved.' FLI in this document may include, but is not limited to: exploration by Agnico or the Company on the Detour East property; the Company's exploration plans; the future prospects of Wallbridge; statements regarding the results of the PEA; future drill results; the Company's ability to convert inferred resources into measured and indicated resources; environmental matters; stakeholder engagement and relationships; parameters and methods used to estimate the mineral resource estimates ('') at the Fenelon and Martiniere properties (collectively the ''); the prospects, if any, of the Deposits; future drilling at the Deposits; and the significance of historic exploration activities and results. FLI is designed to help you understand management's current views of its near- and longer-term prospects, and it may not be appropriate for other purposes. FLI by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such FLI. Although the FLI contained in this document is based upon what management believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders and prospective purchasers of securities of the Company that actual results will be consistent with such FLI, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such FLI. Except as required by law, the Company does not undertake, and assumes no obligation, to update or revise any such FLI contained in this document to reflect new events or circumstances. Unless otherwise noted, this document has been prepared based on information available as of the date of this document. Accordingly, you should not place undue reliance on the FLI, or information contained herein. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in FLI. Assumptions upon which FLI is based, without limitation, include: the results of exploration activities, the Company's financial position and general economic conditions; the ability of exploration activities to accurately predict mineralization; the accuracy of geological modelling; the ability of the Company to complete further exploration activities; the legitimacy of title and property interests in the Deposits; the accuracy of key assumptions, parameters or methods used to estimate the MREs and in the PEA; the ability of the Company to obtain required approvals; geological, mining and exploration technical problems; and failure of equipment or processes to operate as anticipated; the evolution of the global economic climate; metal prices; foreign exchange rates; environmental expectations; community and non-governmental actions; and, the Company's ability to secure required funding. Risks and uncertainties about Wallbridge's business are discussed in the disclosure materials filed with the securities regulatory authorities in Canada, which are available at prepares its disclosure in accordance with NI 43-101 which differs from the requirements of the U.S. Securities and Exchange Commission (the ""). Terms relating to mineral properties, mineralization and estimates of mineral reserves and mineral resources and economic studies used herein are defined in accordance with NI 43-101 under the guidelines set out in CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the Canadian Institute of Mining, Metallurgy and Petroleum Council on May 19, 2014, as amended. NI 43-101 differs significantly from the disclosure requirements of the SEC generally applicable to US companies. As such, the information presented herein concerning mineral properties, mineralization and estimates of mineral reserves and mineral resources may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements under the U.S. federal securities laws and the rules and regulations Mining Detour – Fenelon Gold Trend Properties Detour East Property – 2024 Drill Hole Locations Hole ID NorthingUTM_N EastingUTM_E Elevation(masl) Depth(m) Azimuth(Degrees) Dip(Degrees) Hole ID NorthingUTM_N EastingUTM_E Elevation(masl) Depth(m) Azimuth(Degrees) Dip(Degrees) DTE-24-55 5536321 624700 252 564 320 52 DTE-24-62 5533178 616235 244 510 200 52 DTE-24-56 5537731 621743 252 409 220 52 DTE-24-63 5533306 615975 259 450 220 52 DTE-24-57 5532842 618184 255 447 190 52 DTE-24-64 5540603 626990 261 510 172 52 DTE-24-58 5532553 619418 254 540 20 52 DTE-24-65 5540422 627011 261 402 172 52 DTE-24-59 5533335 620237 255 600 205 52 DTE-24-66 5532861 617812 255 402 0 58 DTE-24-60 5533069 620580 255 489 180 52 DTE-24-67 5532861 617812 255 300 0 76 DTE-24-61 5532923 621202 256 552 200 52 DTE-24-68 5532861 617812 255 300 340 58 Note: Coordinate system UTM NAD 83, Zone 17 Wallbridge Mining - Detour East Property – Agnico Eagle Mines Option2024 Drill Hole LocationsWallbridge Mining - Detour East Property – Agnico Eagle Mines OptionCross Section – Drill Holes DTE-24-64 & 65, DTE-18-42AWallbridge Mining - Detour East Property – Agnico Eagle Mines OptionCross Section – Drill Holes DTE-24-66, 67 & 68 Photos accompanying this announcement are available at: in to access your portfolio
Yahoo
17-02-2025
- Business
- Yahoo
Agnico to match Barrick's output, may become world's second-largest gold producer
Agnico Eagle Mines is reportedly on track to become the world's second-largest gold producer, challenging Barrick Gold's position. The Canadian mining company is targeting output of 3.3–3.5 million ounces (moz) of gold this year, aligning with Barrick's production, reported Bloomberg. Barrick, currently the second-largest producer, forecasts a decline in output due to the shutdown of its mining complex in Mali. Agnico CEO and former Barrick executive Ammar Al-Joundi emphasised that the company's strategy is not focused on size. Al-Joundi said: 'We have never cared about whether we are bigger than these guys or those guys. We only care about whether we are growing our value per share. If I had less production at double the margins, I would probably do it.' Both Agnico and Barrick, headquartered in Toronto, have competed for market share in recent years. Agnico has rapidly ascended the industry ranks through strategic acquisitions, while Barrick pursues gold and copper projects in South Asia and Africa. The gold industry has seen consolidation as producers seek to replace ageing assets with newer mines. Agnico Eagle, once a small producer in Quebec, is now considered to be Canada's largest mining company by market capitalisation, operating 11 mines across three continents. Recently, Agnico acquired 110,424,431 common shares of O3 Mining, representing approximately 94.1% of the outstanding shares. This acquisition is part of a board-supported takeover bid at $1.67 per share. The company also made an investment of C$55m ($40m) in ATEX Resources, aligning with its strategy to invest in projects with high geological potential. "Agnico to match Barrick's output, may become world's second-largest gold producer" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
