Agnico Eagle produced 814,000 ounces of gold in Q3 2026, generating $852 million in free cash flow and about $1.3 billion in adjusted net income, and reaffirmed its 2026 outlook, expecting production at the lower end and costs at the upper end of guidance amid higher diesel prices and supply-chain pressures. The company held about $3.4 billion in net cash and returned $478 million to shareholders, or 56% of free cash flow, and now expects full-year returns above 50% at current gold prices. It targets a 20%–30% production increase to more than 4 million ounces a year in the early to mid-2030s, with Odyssey on track for first production in Q2 2027. Management said about $1.6 billion in development capital has been invested year to date in projects expected to generate returns of roughly 25% to 50% at current spot gold prices.
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XAU/USD
• NeutralRelevance: low
| Market | Gold |
|---|---|
| Close on 10/29/2026 | 4,021.63 |
| Change that session | -1.13% |
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