05:30 PM EDT, 07/30/2025 (MT Newswires) -- Agnico Eagle Mines ( AEM ) was last seen up 3.9% in after-hours New York trading, after on Wednesday reporting its second-quarter adjusted net income jumped over 80% even though production fell.

The company said adjusted income, excluding most one-time items, rose to US$976 million, or US$1.94 per share, from US$535 million, or US$1.07, in the year-prior quarter. The result beat the consensus analyst forecast of US$1.77 per share, according to FactSet.

Quarterly gold production fell to 866,029 ounces, from 895,838 ounces in the prior-year period. The company sold 846,835 ounces of gold during the quarter, down from 874,230 ounces. The lower production was due to lower production from Meadowbank after alonger than expected Caribou migration affecting both mining and milling operations, Fosterville, due to lower grade and throughput and Canadian Malartic on lower throughput. These were partially offset by higher production and grades at its Macassa and LaRonde mines.

Agnico Eagle reiterated its 2025 production guidance of between 3.3 million to 3.5 million ounces of gold. It also expects its revenue structure will be largely unaffected by U.S. tariffs as its gold production is mostly refined in Canada, Australia or Europe.

The company will pay a regular quarterly dividend of $0.40 per share, on Sept. 15.

Agnico Eagle shares were last seen up US$4.78 to US$128.15 after hours. They closed down $3.13 to $170.70 on the Toronto Stock Exchange.