RE: Email from James received last night26 Mar 2026 09:58
God forbid they find more Gold, eh Rob ? What a demented view point !
Well, their neighbour Agnico Eagle, with a 3.3 Million Oz resource only 10km away from FCM's Sunbeam, Pettigrew and Roy deposits, are more than happy that they keep finding more Gold in Canada.
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TORONTO, Feb. 12, 2026 /CNW/ - Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) ("Agnico Eagle" or the "Company") today reported financial and operating results for the fourth quarter and full year 2025, as well as future operating guidance.
"In 2025, we delivered on our commitments, generating record free cash flow and shareholder returns. We've also updated our three‑year outlook which reflects stable production at peer‑leading costs," said Ammar Al-Joundi, Agnico Eagle's President and Chief Executive Officer. "Agnico Eagle has never been better positioned, with the strongest balance sheet in our history, an exploration program that is creating tremendous value and a pipeline of organic projects that will drive strong production growth over the next decade. What excites me most is the depth and quality of our growth pipeline, which has the potential to increase annual gold production by 20% to 30% over the next decade, exceeding four million ounces by the early 2030s. These expansion and growth projects offer exceptional returns at current gold prices, and we are assessing opportunities to advance them more quickly. As we build our project pipeline and sustain our exploration momentum, we are well positioned to drive our next phase of growth."
Fourth quarter and full year 2025 highlights and the Company's short to medium‑term outlook are set out below.
1) Record 2025 Financial Results Driven by Strong Operations, Resulting in a Strengthened Balance Sheet and Record Shareholder Returns
Annual production guidance achieved with solid cost performance despite higher royalties from higher gold prices – Payable gold production1 in 2025 was 3,447,367 ounces, above the midpoint of the 2025 guidance range, at production costs per ounce of $965. Total cash costs per ounce2 of $979 and all-in sustaining costs ("AISC") per ounce2 of $1,339 were slightly above the top end of 2025 guidance, primarily due to higher royalty costs (approximately $42 per ounce) driven by an average realized gold price of $3,453 per ounce, well above the Company's assumption of $2,500. Under the Company's revised composition of total cash costs per ounce and AISC per ounce, these measures were $953 and $1,313, respectively, in 20252
Record annual free cash flow driven by consistent and reliable operational performance – Cash provided by operating activities for the full year 2025 was a record of $6,817 million or $13.58 per share and free cash flow3 was a record of $4,399 million or $8.76 per share. The Company's continued focus on operational efficiencies resulted in several annual throughput and mining rate records during the year
Solid quarterly performance, with record quarterly