Agnico EagleAEM
Canada's largest gold miner, known for low-cost mines in stable jurisdictions.
Past week: +5.64%
30-day price
Where the chart sits — description, not prediction
Trading below both its 50-day ($186.60) and 200-day ($184.85) averages — the longer-term trend reads as down. 30-day range $152.48–$197.05; currently in the lower third of that range. RSI(14) 39 — momentum weak.
Computed from daily closing prices (Yahoo Finance), June 19, 2026. Compare all markets →
What is Agnico Eagle?
Agnico Eagle Mines Limited is a senior Canadian gold miner headquartered in Toronto, founded in 1957. It trades on both the NYSE and the Toronto Stock Exchange as AEM and is widely regarded as one of the best-managed gold miners — known for a conservative balance sheet, consistent dividends, and a record of meeting production guidance.
Agnico Eagle is one of the world's largest gold producers by output and the largest headquartered in Canada. Its mines are concentrated in Canada, Australia, Finland, and Mexico. Flagship Canadian operations include the LaRonde complex in Quebec and the large Detour Lake mine in Ontario, added through its 2022 merger with Kirkland Lake Gold.
What has moved Agnico Eagle
Leverage to the gold price
Like all gold miners, Agnico Eagle's profitability is essentially the spread between the gold price and its all-in sustaining cost per ounce. Revenue is priced in gold while costs are largely fixed in local currencies, so gold's moves flow with high leverage into operating margins.
Low-cost, stable-jurisdiction assets
Agnico Eagle favors mines in geopolitically stable regions — Canada, Finland, and Australia dominate its portfolio. That reduces the political-risk discount affecting peers with heavy African or Latin American exposure and tends to support more consistent production and cash flow.
All-in sustaining costs (AISC)
Agnico Eagle has consistently ranked among the lower-cost senior producers. Maintaining cost discipline through efficiency, energy management, and careful capital allocation is central to how it operates, and changes in AISC directly affect the margin investors monitor.
Exploration and reserve replacement
A miner only keeps its value if it replaces the ounces it mines each year. Agnico Eagle runs an active exploration program, especially near its established Canadian mines, and results that extend mine life or add deposits are a key long-term driver of the shares.
Notable moments
The name behind the company
'Agnico' is drawn from the periodic-table symbols for silver (Ag), nickel (Ni), and cobalt (Co), reflecting its origins as a base- and precious-metals miner in northern Canada. The company later pivoted fully to gold, but the distinctive historic name remained.
2022: the Kirkland Lake Gold merger
In early 2022 Agnico Eagle completed a merger of equals with Kirkland Lake Gold, adding the Detour Lake, Macassa, and Fosterville mines. The deal vaulted Agnico Eagle into the top tier of global producers and made it the largest Canadian-headquartered gold miner by output.
Decades of dividends
Agnico Eagle has paid a dividend continuously since 1983 — unusual in an industry where payouts are often cut during gold downturns. That record makes it a reference point for investors seeking some income alongside gold exposure.
Common questions
What distinguishes Agnico Eagle from Newmont or Barrick?
Agnico Eagle is often compared favorably on jurisdiction quality and execution. Its mines cluster in Canada, Australia, and Finland — generally stable, lower-risk environments — and it has a long record of meeting its own guidance, which has earned it a premium valuation among senior miners.
Does Agnico Eagle produce metals other than gold?
Gold is the overwhelming focus and primary revenue driver. Some mines produce silver, zinc, or copper as byproducts, but these are secondary; the company does not pursue base metals strategically the way Barrick or Newmont pursue copper.
How did the Kirkland Lake merger change the company?
The 2022 merger sharply increased Agnico Eagle's scale and added the high-grade Macassa mine, the large Fosterville mine in Australia, and Detour Lake in Ontario. The combined company became the largest Canadian-headquartered gold miner and one of the top global producers, keeping a majority-Canadian production base.
What is Agnico Eagle's approach to exploration?
It invests heavily in 'brownfield' exploration near existing mines, on the logic that it already understands the geology and infrastructure. This has extended the life of mines like LaRonde for decades, alongside selective greenfield exploration in mining-friendly jurisdictions.