Agnico Eagle Mines (AEM) Q4 2024 earnings showcase record cash flow amid a gold rally. Strategic acquisitions and exploration updates drive investor interest.
Agnico Eagle (AEM) reports record Q4 2024 earnings driven by gold prices and exploration. Analysis of financial performance, reserves, and outlook.
Agnico Eagle (AEM) reports record Q4 2024 cash flow driven by strong performance and strategic exploration, despite a slight production dip.
Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. It operates through Northern Business and Southern Business segments. The company primarily produces and sells gold deposits, as well as explores for silver, zinc, and copper deposits. Its flagship property is the LaRonde mine located in the Abitibi region of northwestern Quebec, Canada. As of December 31, 2021, the company's LaRonde mine had proven and probable mineral reserves of approximately 3.0 million ounces of gold. It is also involved in exploration activities in Europe, Latin America, and the United States. The company was incorporated in 1953 and is headquartered in Toronto, Canada.