Agnico Eagle (AEM) Delivers Record Q2 Earnings with Strong Gold Output

Agnico Eagle Mines Limited (NYSE:AEM) is one of the best Canadian gold stocks to buy according to hedge funds. On July 30, the company reported record second-quarter 2025 earnings, driven by a high realized gold price of $3,288 per ounce and strong operational execution.

Revenue for the quarter came in at $2.8 billion, beating prior projections and up year-over-year. Net income reached $1,069 million ($2.13 per share), with adjusted net income touching $976 million ($1.94 per share). Free cash flow hit a record $1.3 billion, more than doubling from the prior quarter. The company also stated that it returned approximately $300 million to shareholders in Q2 via $200 million in dividends and $100 million in share buybacks.

During the quarter, the company produced 866,000 ounces of gold and 1.74 million ounces for the first half of 2025, remaining on track with its full-year guidance. As a result, management reaffirmed the full-year 2025 production guidance (3.3–3.5 million ounces of gold). The company expects to end 2025 with $2.2–$2.5 billion in cash and is focused on accelerating high-value project development.

Agnico Eagle Mines Limited (NYSE:AEM) is one of Canada’s largest gold producers. It explores, develops, and operates gold properties across North America and Europe, with major assets including the Detour Lake and Canadian Malartic mines in Ontario and Quebec, the LaRonde Complex in Quebec, and the Meadowbank Complex in Nunavut. The company’s primary output is gold bullion, extracted through a mix of open-pit and underground mining methods.

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Disclosure: None. This article is originally published at Insider Monkey.