AEM reported third-quarter 2026 earnings of $2.61 per share, above the Zacks Consensus Estimate of $2.47, with revenue of $3.58 billion. Gold production was 814,012 ounces, with total cash costs of $1,133 per ounce and all-in sustaining costs of $1,648 per ounce, as higher diesel prices added about $30 per ounce to cash costs versus budget. Management maintained guidance, expects 2026 output near the lower end of 3.3-3.5 million ounces, and reiterated plans to raise annual gold production 20% to 30% over the next decade through four projects adding 1.3-1.5 million ounces a year by the mid-2030s. The company ended September with about $3.4 billion in net cash and $852 million of quarterly free cash flow, supporting $478 million in shareholder distributions and expecting distributions above 50% of 2026 free cash flow. Analysts questioned 2027 costs, and management called 5%-6% cost inflation a reasonable modeling assumption while labor availability is a longer-term challenge.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
Open a keyword to see other news on the same topic.
Related news
- AEM to Report Q3 Earnings: What's in the Offing for the Stock?
Agnico Eagle Mines (AEM) is set to report third-quarter 2026 results after the close on Oct. 28. The Zacks Consensus Estimate puts consolidated sales at $3,533.3 million, up 16.1% year over year, with realized gold prices seen at $4,314 per ounce, up 24.1%, though bullion has fallen from a near $4,650 peak in late August. Output is expected to be hit by a rock mass movement at the Barnat pit at Canadian Malartic, which halted mining and could cut gold production there by 60,000-80,000 ounces in the second half of 2026. The company's Q3 AISC estimate is $1,467 per ounce, up 6.8% year over year. AEM has beaten the Zacks Consensus Estimate for earnings in each of the last four quarters, averaging roughly 9.9%.
- Why Did Agnico Eagle Mines (AEM) Stock Drop Today?
Freedom Broker downgraded Agnico Eagle Mines (AEM) from Buy to Hold, citing valuation limits and operational risks at Canadian Malartic and Odyssey, while recent earnings estimate cuts have drawn attention. Shares fell 6.1% over the past week and 13.5% over the past month, after a 21.4% gain over 90 days. The article suggests momentum may be fading as estimates reset and sector risk is reassessed. It notes the stock last closed at $176.15, against a $211.37 analyst reference level, while a popular user narrative sets fair value at $123,914.00, a far higher figure that relies on unconfirmed engineering forecasts.
- Investors Heavily Search Agnico Eagle Mines Limited (AEM): Here is What You Need to Know
Agnico Eagle Mines (AEM) shares fell 4.2% over the past month, while the Zacks S&P 500 composite was flat and the Zacks Mining - Gold industry lost 10%. Current-quarter EPS is expected at $2.45 (+13.4% year over year), though the Zacks Consensus Estimate has dropped 7.9% in the last 30 days; the current fiscal-year estimate is $11.47 (+38.5%) and the next year's is $11.12 (-3.1%). Zacks has rated AEM #4 (Sell) based on earnings estimate revisions. In the last reported quarter, revenue reached $3.8 billion (+35%) and EPS was $3.05 versus $1.94 a year ago; the company beat EPS estimates in each of the last four quarters, but revenue came in 1.56% below consensus. On valuation, AEM receives a D on the Zacks Value Style Score, indicating it trades at a premium to its peers.
- Vimico General Director Faces Criminal Charges
TKV Minerals Corporation - JSC (Vimico, ticker KSV) disclosed that it received a decision to initiate criminal proceedings against its General Director, Trịnh Văn Tuệ, for “accepting bribes” under Article 354 of the Criminal Code. The Board of Directors dismissed Mr Tuệ as General Director effective October 29 and assigned Deputy General Director Lý Xuân Tuyên to act as General Director and legal representative. Mr Tuệ, born in 1972, became General Director in March 2018 and was re-elected to the KSV Board for 2025–2030 in April 2025. On October 30, the Board also approved convening an extraordinary 2026 general meeting of shareholders, planned for December 15, but has not disclosed its agenda. Q3 net revenue reached over 9,453 billion VND, up 144%, and profit after tax nearly 2,566 billion VND, up 332%, driven by higher average selling prices of copper, gold and silver.
- What Bears Saw Before Galiano Gold Slid
Investors who held Galiano Gold from the start of the year are down 23.3% including dividends, with shares falling from CA$3.49 to about CA$2.7. A bullish view set fair value at CA$4.2 based on higher gold prices, Abore drilling and plant upgrades, while a bearish view put it at CA$2.49, citing ESG pressures, Ghana political and regulatory risk and higher operating costs. Galiano secured long-term extensions for the Abirem and Miradani mining leases at Asanko, supporting the mine-life case. Q2 2026 revenue rose to US$183.745m from US$84.795m, with net income of US$61.877m and a 33.7% net margin. The article notes that all-in sustaining cost guidance of $2,300 to $2,600 per ounce, driven by Ghana's sliding-scale royalty regime and elevated diesel prices, may compress net margins even if production rises.
- Buenaventura Mining Q3 Earnings Call Highlights
Buenaventura Mining (NYSE: BVN) reported third-quarter 2026 revenue up 27% to $545 million, EBITDA from direct operations up 34% to $261 million, and net income up 50% to $268 million. Free cash flow reached $242 million, the company held about $1 billion in cash, and the board approved an interim dividend of $0.5508 per share or ADS. Copper output rose 7% to 13,600 metric tons on higher El Brocal throughput, while gold fell 6% and silver fell 21%, with costs higher due to a more selective mining method and the shift to an owner-operated fleet. San Gabriel's ramp-up is constrained by filtered-tailings drying and compaction capacity rather than the processing plant, and the company aims to reach nameplate capacity by the end of 2028, with annual gold output projected at 110,000–120,000 ounces.
Related markets
Latest news
- North Korea says sanctions only work on the weak
North Korea condemned a joint statement by the United States, Australia, Britain and South Korea, which monitor sanctions enforcement, calling it a gross violation of its sovereignty stemming from US and Western hostility, according to KCNA on 31/10. A foreign ministry spokesperson said sanctions and pressure may work on the weak but have no effect on North Korea, and that US and Western sanctions cannot change its status as a nuclear-armed state. The joint statement urged UN member states to fully implement Security Council resolutions adopted since 2006, including bans on North Korean labor and military cooperation with Pyongyang. Separately, South Korea, the US and Japan reaffirmed their commitment to the complete denuclearization of North Korea, agreed to maintain strong deterrence, and pursued dialogue, as their foreign ministers met on the sidelines of the G20 in Atlanta on 30/10.
- A SpaceX and Tesla Merger Will Only Be Successful If This One Thing Happens
SpaceX (SPCX) and Tesla (TSLA) are both exploring a possible merger, with each company's separate committee assessing the deal. The two companies already collaborate on projects, including the Terrafab semiconductor venture formed by SpaceX, Tesla and Intel, which may also draw in Taiwan Semiconductor Manufacturing. The article argues chip manufacturing is central to any lasting merger, but Terrafab remains an idea, with production not planned until 2028 at the earliest and facing heavy upfront capital and technical hurdles. It suggests SpaceX may be interested in Tesla's cash, which stood at $45 billion at the end of last quarter, even as Tesla's operating income fell 56% and its revenue is not growing. The author notes both stocks trade at premium valuations, with Tesla's P/E in the hundreds and SpaceX's $2 trillion market cap compared with trailing revenue of $33 billion.
- Iran says three oil tankers caught fire in the Strait of Hormuz
The IRGC Navy said on 30/10 that three oil tankers attempting to transit the Strait of Hormuz via unauthorized routes suffered incidents and caught fire in separate events. According to the IRGC, two tankers operating east and west of the strait deliberately switched off their location systems and ignored radio warnings, and Iran claims they received support from the US military. A supertanker carrying more than 2 million barrels of oil struck a mine and exploded near the strait's entrance. The IRGC said shipowners would bear full responsibility for the consequences and warned that any provocation would be met with a firm, proportionate response. Since the conflict between the US, Israel and Iran erupted on 28/2, Tehran has required vessels to coordinate with its navy and seek permission before transiting.
- Gold Falls Nearly 4%, Silver Loses 6% as Big Players Buy the Dip
Spot gold dipped to 3,870 USD/ounce before trading near 3,874 USD/ounce, down more than 146 USD (about 3.6%) in one session and at its lowest level in over a year. Silver fell more than 3 USD (nearly 6%) to around 49 USD/ounce, touching 48.7 USD intraday. Even as prices fell, SPDR Gold Trust bought 0.57 tonnes of gold, lifting holdings to 1,041.65 tonnes, and iShares Silver Trust (SLV) added 103.85 tonnes of silver, bringing its holdings to about 15,650 tonnes. The slide came as markets reassessed Fed policy: the Fed held rates at 3.75-4.00%, but two FOMC members backed a 25 basis-point hike, while stronger-than-expected US third-quarter GDP growth of 3.4% and elevated core inflation kept expectations for tighter policy for longer. Higher oil prices from tensions with Iran add to inflation risks, so high-rate expectations could weigh on gold in the short term, though some investors see deep pullbacks as chances to accumulate for the long term.
- Amazon's AWS Just Gave Investors A Big Growth Signal — And Gene Munster Thinks It's Only The Beginning
Gene Munster of Deepwater Asset Management believes Amazon has given investors a bigger-than-usual view of AWS's future, and that its AI infrastructure opportunity may only be starting. Management guided for AWS growth of at least 40% in both 2027 and 2028 and said the cloud business could eventually reach 1 trillion USD in annual revenue, while AWS grew 39% in the September quarter, roughly in line with expectations. Munster estimates AWS would need average annual growth of about 42% to reach 1 trillion USD in five years; AWS currently makes up about 21% of Amazon's revenue, which he thinks could rise to about half within five years. Amazon plans to sell its custom Trainium AI chips from late 2027; Munster does not expect chip sales to be a major revenue source but sees it as another sign of Amazon's push into AI infrastructure, and expects capital spending to rise faster than Wall Street estimates. AMZN fell over 1% in Friday's regular session but rose 0.2% after hours, Stocktwits retail sentiment was 'extremely bullish', and the stock is up 4% year-to-date and 8% over 12 months.
- Deputy PM: Retail Electricity Prices to Fall 2%
Deputy Prime Minister Nguyễn Văn Thắng said the Government is directing EVN to cut costs as much as possible to reduce retail electricity prices by about 2% until 31 March 2027, as part of efforts to keep inflation moving toward the 4.5% target. Together with cutting the special consumption tax on gasoline to 0%, this would give room of 0.07% for inflation control within the National Assembly's target. The average retail electricity price is currently over 2,204 VND/kWh, excluding VAT. For growth, the fourth quarter needs to reach 12.5% to meet the double-digit annual target, and public investment disbursement had reached over 720,000 billion VND, more than 75% of plan, by 29 October, which is expected to contribute about 2.5% to Q4 growth and 1.7% to full-year 2026 growth.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.