AGNICO EAGLE REPORTS THIRD QUARTER 2026 RESULTS - STRONG FREE CASH FLOW GENERATION DRIVEN BY SOLID OPERATIONAL PERFORMANCE; ON TRACK TO ACHIEVE 2026 PRODUCTION AND COST GUIDANCE - PR Newswire Canada

AI desk brief

Agnico Eagle reported strong Q3 2026 results, generating $852 million of free cash flow on 814,012 oz of payable gold production at AISC of $1,648/oz, with realized gold prices averaging $4,264/oz. Net cash rose to $3.416 billion and the company reiterated that 2026 production should come in near the lower end of guidance while costs land near the upper end, mainly reflecting the adjusted Canadian Malartic plan and diesel/input inflation.

Management said the company remains on track for full-year guidance, has increased its bank revolver to $3 billion, and expects to return more than 50% of free cash flow to shareholders in 2026 through dividends and buybacks. Project updates were constructive across Odyssey, Detour Lake and Upper Beaver, with ongoing shaft sinking, ramp development and multiple high-grade drill intercepts supporting the growth pipeline.