Agnico Eagle Mines Limited (AEM) Stock

Agnico (AEM) could produce exceptional returns because of its solid growth attributes.

Toronto, Ontario--(Newsfile Corp. - November 25, 2024) - ONGold Resources Ltd. (TSXV: ONAU) (OTCQB: ONGRF) ("ONGold" or the "Company") is pleased to announce that it has entered into agreements to purchase 100% interests in both the Monument Bay Gold Project ("Monument Bay") and the Domain Project ("Domain", and together the "Projects"), both located in Manitoba, Canada, from a wholly-owned subsidiary of Agnico Eagle Mines Limited ("Agnico Eagle") (TSX: AEM) (NYSE: AEM), and Agnico Eagle and Capella Minerals Ltd.

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Recently, Zacks.com users have been paying close attention to Agnico (AEM). This makes it worthwhile to examine what the stock has in store.

Agnico (AEM) possesses solid growth attributes, which could help it handily outperform the market.

Agnico Eagle Mines Limited reported another blowout quarter in Q3 '24 with 2% higher production to ~863,400 ounces and solid cost control with just a 2% increase in cash costs year-over-year. This impressive cost control combined with record gold prices allowed the company to enjoy an 1100 basis point increase in AISC margins and a 600%+ increase in free cash flow. Even more importantly than any quarterly result, the company's pipeline continues to improve each quarter with consistent exploration success across the portfolio of key assets.

Agnico Eagle Mines Ltd (TSX:AEM) shares moved lower as the gold miner posted a slight cost miss for the third quarter, which cast a shadow over an otherwise positive report.   Cash costs of $921 per ounce of gold were higher than the $905 per ounce expected by Jefferies analysts, attributed to above-expected costs at most of the company's assets.