Latest news with #AgnicoEagleMines
The Market Online
28-05-2025
- Business
- The Market Online
Gold Report: Junior stocks with multi-million-ounce potential
Junior stock West Red Lake Gold Mines (TSXV:WRLG) has restarted production at its Madsen mine in Ontario. The property is estimated to contain 1.65 million ounces indicated and 370,000 ounces inferred at a base case of US$1,800 per ounce, representing a 45 per cent discount to the price as of May 27. Click here for the full story. By the ounce At the time of writing on Tuesday, the price of gold was US$3,294.20, up from US$3,284.60 per ounce in our May 21 report, according to data from The Globe and Mail, holding steady despite a global equity recovery over the past week driven by optimism for further discussions between the U.S. and its major trade partners. This week in gold Agnico Eagle Mines (TSX:AEM) increased its investment in Fury Gold Mines (TSX:FURY) by almost 3x to 9.9 per cent of issued shares on a partially diluted basis, granting it exposure to a multi-million-ounce portfolio while de-risking a retail allocation. Ashley Gold (CSE:ASHL) returned up to 20.2 grams per ton of gold in recent samples from its Howie project in Ontario, supporting the potential for significant gold mineralization on the property and bolstering its overall portfolio's multi-million-ounce upside. Globex Mining (TSX:GMX) noted that portfolio company Radisson Mining (TSXV:RDS) is adding 18,000 metres of drilling to its 2025 program at its O'Brien project in Quebec, where recent and historical exploration has yielded high-grade and visible gold, an estimated 1.2 million ounces indicated and inferred, and a runway to uncover up to a 4-million-ounce resource according to management's projections. Top trending gold stocks Join the discussion: Find out what everybody's saying about the junior mining stocks in this week's gold report on Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
The Market Online
15-05-2025
- Business
- The Market Online
Agnico Eagle increases exposure to Foran Mining
Agnico Eagle Mines (TSX:AEM) has agreed to purchase 30 million voting shares of Foran Mining (TSX:FOM) priced at C$3 each for a total investment of C$90 million Agnico Eagle is the third-largest gold producer in the world Agnico Eagle stock has added 56.19 per cent year-over-year but only 50.48 per cent since 2020 Agnico Eagle Mines (TSX:AEM) has agreed to purchase 30 million voting shares of Foran Mining (TSX:FOM) priced at C$3 each for a total investment of C$90 million. Foran's McIlvenna Bay deposit in Saskatchewan is estimated to house 38.6 million tons grading 2.02 per cent copper equivalent indicated and 4.5 million tons grading 1.71 per cent copper equivalent inferred. The investment will close in two tranches, with the first expected to close on May 28, growing Agnico Eagle's existing stake in Foran from 39,125,448 shares or 9.9 per cent of the company to 64,454,767 shares or 13.1 per cent. The second tranche will close 'as soon as practicable following receipt of shareholder approval,' according to Wednesday's news release, further increasing Agnico Eagle's investment to 69,125,448 shares or 13.5 per cent. The major gold miner has an investor rights agreement in place to maintain pro rata interest in Foran, increase its stake up to 19.99 per cent and nominate up to two members to Foran's board. About Agnico Eagle Mines Agnico Eagle is the third-largest gold producer in the world. The company owns producing operations in Canada, Australia, Finland and Mexico, in addition to a high-potential pipeline of exploration and development projects. It has declared a cash dividend every year since 1983. Agnico Eagle stock (TSX:AEM) last traded at C$146.37. The stock has added 56.19 per cent year-over-year but only 50.48 per cent since 2020. Join the discussion: Find out what everybody's saying about this top gold mining stock on the Agnico Eagle Mines Ltd. Bullboard and check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
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@
CNBC
29-04-2025
- Business
- CNBC
I've never seen as good a pipeline as what we have right now, says Agnico Eagle Mines CEO
I've never seen as good a pipeline as what we have right now, says Agnico Eagle Mines CEO Agnico Eagle Mines CEO and President Ammar Al-Joundi joins 'Mad Money' host Jim Cramer to talk the state of precious metal mining.
Yahoo
12-04-2025
- Business
- Yahoo
Agnico Eagle Mines (NYSE:AEM) Declares US$0.40 Dividend
Agnico Eagle Mines experienced a remarkable price move, climbing 40% over the last quarter. This notable increase occurred despite the company reporting a decline in net income and earnings per share for 2024. The declaration of a $0.40 dividend and the confirmation of strong future production guidance possibly strengthened investor confidence. Additionally, the share buyback program, which saw the repurchase of 248,700 shares, may have contributed positively. The company's removal from an index could have countered these effects, yet overall, these events likely added significant weight to its strong quarterly performance compared to the broader market trend. We've spotted 2 risks for Agnico Eagle Mines you should be aware of, and 1 of them is a bit unpleasant. Uncover 13 companies that survived and thrived after COVID and have the right ingredients to survive Trump's tariffs. The recent developments surrounding Agnico Eagle Mines have contributed significantly to its narrative. The strong quarterly share price increase of 40% contrasts with the company's decline in net income and earnings per share for 2024. However, the declared dividend and active share buyback program have reinforced investor confidence. These moves, combined with confirmed production guidance, suggest a strategy focused on shareholder value, potentially bolstering future revenue and earnings forecasts. Over a five-year period, Agnico Eagle Mines has delivered a total shareholder return of 148.21%, highlighting robust long-term performance. This surpasses the broader US market return of 3.6% over the past year. Despite the one-year challenges, such as a 2.9% drop in production guidance, Agnico Eagle's commitment to expansion projects like Hope Bay and Malartic could sustain revenue growth, though rising costs remain a concern. While the stock's current price of US$100.13 remains below the consensus price target of US$114.69, indicating a potential upside of 12.7%, it reflects cautious investor sentiment amid varying analyst earnings projections. The consensus anticipates earnings reaching US$2.4 billion by April 2028, contingent on the company maintaining a Price-to-Earnings ratio of 30.0x. As such, the news from the introduction supports a cautiously optimistic outlook, balanced against revenue risks and cost escalation concerns. According our valuation report, there's an indication that Agnico Eagle Mines' share price might be on the expensive side. 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@ Sign in to access your portfolio
