Agnico Eagle Mines Limited (AEM) financial statements
Agnico Eagle Mines Limited reported revenue of $11.9B in fiscal 2025, up 21.0% a year over 9 years.
Net income was $4.5B.
Free cash flow was $4.4B, and the company returned $728M in dividends and $683M in net buybacks.
The diluted share count rose 123% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Agnico Eagle Mines Limited's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.1B | $2.2B | $2.2B | $2.5B | $3.1B | $3.9B | $5.7B | $6.6B | $8.3B | $11.9B |
| Cost of revenue | $1.0B | $1.1B | $1.2B | $1.2B | $1.4B | $1.8B | $2.6B | $2.9B | $3.1B | $3.3B |
| Gross profit | $1.1B | $1.2B | $1.0B | $1.2B | $1.7B | $2.1B | $3.1B | $3.7B | $5.2B | $8.6B |
| Selling, general and admin | $103M | $115M | $125M | $121M | $116M | $142M | $221M | $208M | $207M | $236M |
| Operating income | $1.1B | $1.0B | $504M | $1.5B | $1.6B | $1.9B | $2.8B | — | — | — |
| Interest expense | $75M | $79M | $97M | $105M | $95M | $92M | $83M | $130M | $127M | $91M |
| Pre-tax income | $268M | $339M | -$259M | $739M | $768M | $933M | $1.1B | $2.4B | $2.8B | $6.7B |
| Income tax | $110M | $98M | $68M | $266M | $256M | $371M | $445M | $418M | $926M | $2.2B |
| Net income | $159M | $241M | -$327M | $473M | $512M | $562M | $670M | $1.9B | $1.9B | $4.5B |
| EPS (diluted) | $0.70 | $1.04 | -$1.40 | $1.99 | $2.10 | $2.30 | $1.53 | $3.95 | $3.78 | $8.86 |
| Diluted shares | 226M | 232M | 233M | 238M | 243M | 245M | 439M | 490M | 501M | 503M |
| Gross margin | 51.7% | 52.8% | 47.0% | 50.0% | 54.6% | 54.2% | 54.0% | 55.7% | 62.8% | 71.9% |
| Operating margin | 50.5% | 46.5% | 23.0% | 59.7% | 51.0% | 50.2% | 48.3% | — | — | — |
| Net margin | 7.4% | 10.7% | -14.9% | 19.0% | 16.3% | 14.5% | 11.7% | 29.3% | 22.9% | 37.5% |
Balance sheet
Fiscal years, from Agnico Eagle Mines Limited's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $548M | $644M | $308M | $328M | $406M | $191M | $659M | $339M | $926M | $2.9B |
| Receivables | $8M | $12M | $10M | $8M | $12M | $14M | $9M | $8M | $8M | $19M |
| Inventory | $444M | $501M | $494M | $580M | $630M | $879M | $1.2B | $1.4B | $1.5B | $1.7B |
| Total current assets | $1.2B | $1.5B | $1.1B | $1.1B | $1.2B | $1.3B | $2.2B | $2.2B | $2.8B | $5.0B |
| Property, plant and equipment | $5.1B | $5.6B | $6.2B | $7.0B | $7.3B | $7.7B | $18.5B | $21.2B | $21.5B | $22.9B |
| Goodwill | $697M | $697M | $408M | $408M | $408M | $408M | $2.0B | $4.2B | $4.2B | $4.2B |
| Total assets | $7.1B | $7.9B | $7.9B | $8.8B | $9.6B | $10.2B | $23.5B | $28.7B | $30.0B | $34.5B |
| Total current liabilities | $424M | $334M | $361M | $776M | $516M | $762M | $946M | $1.0B | $1.5B | $2.5B |
| Long-term debt | $1.1B | $1.4B | $1.7B | $1.4B | $1.6B | $1.3B | $1.2B | $1.7B | $1.1B | $196M |
| Total liabilities | $2.6B | $2.9B | $3.3B | $3.7B | $3.9B | $4.2B | $7.3B | $9.3B | $9.2B | $9.7B |
| Shareholders' equity | $4.5B | $4.9B | $4.6B | $5.1B | $5.7B | $6.0B | $16.2B | $19.4B | $20.8B | $24.7B |
| Net debt | $533M | $739M | $1.4B | $1.0B | $1.2B | $1.2B | $583M | $1.4B | $127M | -$2.7B |
Cash flow
Fiscal years, from Agnico Eagle Mines Limited's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $779M | $768M | $606M | $882M | $1.2B | $1.3B | $2.1B | $2.6B | $4.0B | $6.8B |
| Capital spending | $516M | $874M | $1.1B | $883M | $759M | $897M | $1.5B | $1.7B | $1.8B | $2.4B |
| Free cash flow | $263M | -$107M | -$483M | -$972,000 | $433M | $448M | $558M | $947M | $2.1B | $4.4B |
| Stock-based compensation | $34M | $44M | $51M | $54M | $54M | $58M | $49M | $72M | $77M | $98M |
| Dividends paid | $71M | $76M | $84M | $105M | $190M | $275M | $608M | $639M | $672M | $728M |
| Share buybacks (net) | -$16M | -$25M | -$30M | -$25M | -$40M | -$35M | -$110M | -$47M | -$169M | -$683M |
| Net borrowing | -$280M | -$130M | $0 | $0 | — | — | — | — | — | — |
| Free cash flow margin | 12.3% | -4.8% | -22.1% | -0.0% | 13.8% | 11.6% | 9.7% | 14.3% | 25.9% | 36.9% |
| Dividends per share | $0.32 | $0.33 | $0.36 | $0.44 | $0.78 | $1.12 | $1.39 | $1.30 | $1.34 | $1.45 |
Questions
What was Agnico Eagle Mines Limited's revenue in 2025?
$11.9B in fiscal 2025, from its 10-K filing.
How much free cash flow does Agnico Eagle Mines Limited generate?
$4.4B in fiscal 2025 (operating cash flow minus capital spending).
From Agnico Eagle Mines Limited's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.