Agnico Eagle Mines Reports FY2022 Q4 Earnings Results for December 31 2022 on February 21 2023
March 19, 2023
Earnings Overview
Agnico Eagle Mines ($NYSE:AEM) announced their fourth-quarter fiscal year 2022 earnings results on February 21, 2023, for the period ending December 31, 2022. Their total revenue was USD 205.0 million, an increase of 102.8% from the same quarter of the prior year. Net income also grew to USD 1384.7 million, a 45.9% year-over-year increase.
Transcripts Simplified
Agnico Eagle Mines is utilizing its land positions and advantages to develop 11,000 tons of ore from Macassa near surface additional production from the AK Zone, Upper Beaver and Kirkland Lake satellite deposits and Wasamac. This ore can potentially be milled at the Malartic or Lapa mill, creating 500,000 ounces a year with minimal CapEx and environmental impact. The company is looking to moderate growth of 7% by 2025, with a midpoint of 3.3 ounces in 2023, 3.45 ounces in 2024, and 3.5 ounces in 2025.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for AEM. More…
| Total Revenues | Net Income | Net Margin |
| 5.74k | 670.25 | 13.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for AEM. More…
| Operations | Investing | Financing |
| 2.1k | -710.46 | -914.85 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for AEM. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 23.49k | 7.25k | 35.58 |
Key Ratios Snapshot
Some of the financial key ratios for AEM are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 32.0% | 46.5% | 20.9% |
| FCF Margin | ROE | ROA |
| 9.7% | 4.6% | 3.2% |
Stock Price
Overall, the company performed well, as its stock opened at $46.0 and closed at $46.5, up by 0.6% from the previous day’s closing price of 46.2. This increase in share prices reflects investor confidence in AGNICO EAGLE MINES’ ability to create value for its shareholders and meet their expectations. The company reported strong revenue and earnings growth in the fourth quarter of fiscal year 2022. This exceptional performance was driven by higher gold prices and higher production.
AGNICO EAGLE MINES’ strong performance in the fourth quarter of fiscal year 2022 has contributed to a solid start to FY2023. The company is well-positioned to continue to deliver solid financial results in the coming quarters and years. Live Quote…
Analysis
GoodWhale has analyzed AGNICO EAGLE MINES’s financials, and identified it as a ‘gorilla’ – a company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. According to our Star Chart, AGNICO EAGLE MINES has strong performance in dividend, growth, and medium performance in asset, profitability. Investors interested in AGNICO EAGLE MINES will be pleased to know that it has a high health score of 7/10 with regard to its cashflows and debt, giving it the capacity to sustain its operations in times of crisis. This makes AGNICO EAGLE MINES an appealing option for investors looking for a company with long-term stability. More…
Summary
AGNICO EAGLE MINES reported strong financial results for FY2022 Q4, with total revenue of USD 205.0 million and net income of USD 1384.7 million. This represents a 102.8% and 45.9% increase respectively year over year. This indicates that AGNICO EAGLE MINES is performing well and is a good option for potential investors. They have sound fundamentals and are well positioned to take advantage of any potential industry growth in the near future.
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