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Agnico (AEM) Reports Q2 Earnings: What Key Metrics Have to Say

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For the quarter ended June 2026, Agnico Eagle Mines (AEM - Free Report) reported revenue of $3.8 billion, up 35% over the same period last year. EPS came in at $3.05, compared to $1.94 in the year-ago quarter.

The reported revenue represents a surprise of -1.56% over the Zacks Consensus Estimate of $3.86 billion. With the consensus EPS estimate being $2.89, the EPS surprise was +5.54%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Agnico performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Payable production - Gold (ounces) - Total Gold: 855,816.00 oz compared to the 838,926.40 oz average estimate based on three analysts.
  • Payable production - Gold (ounces) - Quebec - LaRonde: 81,261.00 oz versus 87,086.25 oz estimated by two analysts on average.
  • Payable production - Gold (ounces) - Quebec - Canadian Malartic: 135,243.00 oz versus 148,272.20 oz estimated by two analysts on average.
  • Payable production - Gold (ounces) - Quebec - Goldex: 29,277.00 oz versus the two-analyst average estimate of 30,351.57 oz.
  • Revenue from mine operations- Quebec- LaRonde: $373.59 million versus the two-analyst average estimate of $427.61 million. The reported number represents a year-over-year change of +56.9%.
  • Revenue from mine operations- Quebec- Canadian Malartic: $597.77 million versus the two-analyst average estimate of $667.02 million. The reported number represents a year-over-year change of +20.2%.
  • Revenue from mine operations- Quebec- Goldex: $138.94 million versus $143.17 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +20.5% change.
  • Revenue from mine operations- Nunavut- Meliadine: $517.89 million versus $436.35 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +46.1% change.
  • Revenue from mine operations- Mexico- Pinos Altos: $108.76 million versus the two-analyst average estimate of $110 million. The reported number represents a year-over-year change of +42.9%.
  • Revenue from mine operations- Finland- Kittila: $263.79 million compared to the $240.74 million average estimate based on two analysts. The reported number represents a change of +57.1% year over year.
  • Revenue from mine operations- Ontario- Detour Lake: $872.44 million compared to the $782.7 million average estimate based on two analysts. The reported number represents a change of +60% year over year.
  • Revenue from mine operations- Ontario- Macassa: $294.47 million versus $379.72 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +13.2% change.

View all Key Company Metrics for Agnico here>>>

Shares of Agnico have returned -7.4% over the past month versus the Zacks S&P 500 composite's +1.9% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.

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