Agnico Eagle Mines (AEM.TO) after trade Thursday said its fourth-quarter profit and revenue rose year-over-year.
The company said it earned US$632 million or US$1.26 per share, in the period, up from US$289 million, or US$0.58, in the year-prior quarter. The FactSet consensus estimate was US$1.18 per share.
Revenue from mining operations rose to US$2.22 billion from US$1.76 billion a year ago. FactSet projected US$2.26 billion.
Gold production is expected to stay steady at about 3.3 million to 3.5 million ounces per year from 2025 to 2027, the company said, adding that while the production guidance for 2025 and 2026 is slightly lower than the previous forecast due to deferring processing of low-margin ore, the outlook for 2027 has improved. Contributions from East Gouldie at Canadian Malartic, LaRonde, and Macassa mines are expected to offset lower gold grades at Detour Lake and reduced production at Meadowbank, it said.
The company said its board maintained a quarterly dividend of US$0.40 per share, payable on March 14 to shareholders of record as of Feb. 28.
Agnico shares closed up $0.80 to $143.03 on the Toronto Stock Exchange.
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