Compared to Estimates, Agnico (AEM) Q4 Earnings: A Look at Key Metrics

By Zacks Equity Research | February 12, 2026, 8:00 PM

For the quarter ended December 2025, Agnico Eagle Mines (AEM) reported revenue of $3.56 billion, up 60.3% over the same period last year. EPS came in at $2.69, compared to $1.26 in the year-ago quarter.

The reported revenue represents a surprise of +9.98% over the Zacks Consensus Estimate of $3.24 billion. With the consensus EPS estimate being $2.56, the EPS surprise was +4.91%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Agnico performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • All-in sustaining costs per ounce (by-product basis)- Gold Production: $1,517.00 versus the three-analyst average estimate of $1,329.18.
  • Payable production - Gold (ounces) - Total Gold: 840,608.00 oz compared to the 836,891.40 oz average estimate based on three analysts.
  • Total cash costs (by-product basis): $1.09 million compared to the $963.73 thousand average estimate based on three analysts.
  • Payable production - Gold (ounces) - Nunavut - Meliadine mine: 93,735.00 oz compared to the 94,467.93 oz average estimate based on two analysts.
  • Revenue from mining operations- Quebec- Canadian Malartic complex: $615.16 million versus $523.91 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +53.9% change.
  • Revenue from mining operations- Quebec- Goldex mine: $141.53 million versus $128.95 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +68.4% change.
  • Revenue from mining operations- Nunavut- Meliadine mine: $448.62 million versus $360.2 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +72.9% change.
  • Revenue from mining operations- Nunavut- Meadowbank complex: $483.58 million compared to the $454.93 million average estimate based on two analysts. The reported number represents a change of +58.5% year over year.
  • Revenue from mining operations- Mexico- Pinos Altos mine: $101.32 million versus the two-analyst average estimate of $86.89 million. The reported number represents a year-over-year change of +64.8%.
  • Revenue from mining operations- Ontario- Detour Lake mine: $718.43 million compared to the $732.61 million average estimate based on two analysts. The reported number represents a change of +62.3% year over year.
  • Revenue from mining operations- Ontario- Macassa mine: $243.65 million versus the two-analyst average estimate of $277.5 million. The reported number represents a year-over-year change of +13.1%.
  • Revenue from mining operations- Australia- Fosterville mine: $131.67 million versus the two-analyst average estimate of $116.5 million. The reported number represents a year-over-year change of +17.9%.

View all Key Company Metrics for Agnico here>>>

Shares of Agnico have returned +10.1% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

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