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  5. AEM: AEM has been hit hard this am. [Agnico Eagle Mines Limited]
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Q: AEM has been hit hard this am. Why is that earnings? If yes, what are the details


Thanks

Sheldon
Asked by Sheldon on February 14, 2025
5i Research Answer:

Gold is taking a big hit today, with spot gold down $36/oz. AEM Q4 EPS of $1.26 beat estimates of $1.16; revenue of $2.22B marginally missed estimates. EBITDA of $1.33B matched estimates. Margins were a record on good cost control. 847,000 ounces were produced in Q4 with all-in costs at $1,316. Mines performed well. Production guidance was steady, but this is likely the company being conservative. Net debt is now very low and the company is in excellent financial shape going forward. Shares slipped a bit but are up 127% in a year and we would be comfortable with the quarter and outlook.

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