Overview

* Agnico Eagle Q2 adjusted EPS beats analyst expectations, driven by strong gold production

* Record free cash flow achieved, more than doubling prior quarter, enhancing balance sheet

* Company transitions to net cash position, repaying $550 mln in long-term debt

Outlook

* Agnico Eagle maintains 2025 gold production guidance at 3.3-3.5 mln ounces

* Company reiterates 2025 total cash costs per ounce at $915-$965

* Agnico Eagle expects 2025 AISC per ounce at $1,250-$1,300

Result Drivers

* COST MANAGEMENT - Disciplined cost management helped achieve total cash costs below guidance mid-point despite higher royalty costs

* OPERATIONAL EXECUTION - Consistent operational execution led to strong production performance at Canadian Malartic, LaRonde, Macassa, and Fosterville

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $1.94 $1.68 (6

Adjusted Analysts

EPS )

Q2 $976 mln

Adjusted

Net

Income

Q2 Net $1.07

Income bln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the gold peer group is "buy"

* Wall Street's median 12-month price target for Agnico Eagle Mines Ltd ( AEM ) is C$196.00, about 11.3% above its July 29 closing price of C$173.83

* The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 22 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)