Agnico Eagle reports record free cash flow and strong gold production in third quarter 2024

Agnico Eagle Mines Limited reported strong financial results for the third quarter of 2024, achieving record free cash flow for the fourth consecutive quarter. The company produced 863,445 ounces of gold at a cost of $908 per ounce, with total cash costs at $921 per ounce. The company reduced its net debt by over $1 billion this year, now standing at $490 million. Agnico Eagle also declared a quarterly dividend of $0.40 per share and repurchased shares worth $30 million during the quarter. Ongoing exploration efforts yielded positive results, particularly at the East Gouldie deposit in Canadian Malartic and the Patch 7 zone at Hope Bay, indicating significant potential for future resource expansion.