Agnico Eagle Mines Limited reported robust Q2 2024 results, with net income of $472.0 million ($0.95 per share) and adjusted net income of $535.3 million ($1.07 per share). Gold production increased to 895,838 ounces, up from 873,204 ounces in Q2 2023.Operating margin rose 33.8% to $1,304.6 million, driven by an 18.6% higher realized gold price and increased gold sales from Meadowbank and Meliadine. Cash provided by operating activities surged to $961.3 million, compared to $722.0 million in Q2 2023.The company maintained its strong financial position, with cash and cash equivalents of $922.0 million as of June 30, 2024. Agnico Eagle declared a quarterly dividend of $0.40 per share and repurchased 763,043 common shares for $50.0 million under its Normal Course Issuer Bid program during Q2.Post quarter-end, Agnico Eagle repaid $100.0 million of senior notes on maturity and $150.0 million of its Term Loan Facility, demonstrating its commitment to maintaining a robust balance sheet.

Agnico Eagle Mines Limited reported robust Q2 2024 results, with net income of $472.0 million ($0.95 per share) and adjusted net income of $535.3 million ($1.07 per share). Gold production increased to 895,838 ounces, up from 873,204 ounces in Q2 2023.Operating margin rose 33.8% to $1,304.6 million, driven by an 18.6% higher realized gold price and increased gold sales from Meadowbank and Meliadine. Cash provided by operating activities surged to $961.3 million, compared to $722.0 million in Q2 2023.The company maintained its strong financial position, with cash and cash equivalents of $922.0 million as of June 30, 2024. Agnico Eagle declared a quarterly dividend of $0.40 per share and repurchased 763,043 common shares for $50.0 million under its Normal Course Issuer Bid program during Q2.Post quarter-end, Agnico Eagle repaid $100.0 million of senior notes on maturity and $150.0 million of its Term Loan Facility, demonstrating its commitment to maintaining a robust balance sheet.