The company reported record adjusted EBITDA of approximately $1.2 billion and free cash flow of over $0.5 billion in Q2, marking an exceptional quarter with strong operational performance and excellent cost control. Agnico Eagle also highlighted its commitment to shareholder returns, with $50 million in share buybacks and almost $200 million in quarterly dividends.
Strong operational results in Q2 with production close to 1.9 million ounces of gold at a cash cost of $870 per ounce.Increased liquidity to $2.9 billion and reduced net debt to under $1 billion.Agnico Eagle is focused on expanding its operations, specifically at the Detour, Malartic, and Hope Bay projects.
The Odyssey project is developing on track, and other projects like Detour Underground and Upper Beaver show potential for growth.CEO Ammar Al-Joundi discussed the capital return program, stating the dividend payout ratio is comfortably at 36%.Costs are stabilizing despite some inflation trends in diesel, steel, and cyanide.
The Canadian dollar has positively impacted costs, with the company budgeting for a rate of $1.34 for the full year.
مصر أحدث الأخبار, مصر عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
مصدر: DailyFX - 🏆 305. / 63 اقرأ أكثر »
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »