Record Financial Performance: Agnico Eagle reported record free cash flow of $1.3 billion, adjusted EBITDA of $1.9 billion, and adjusted net income of $976 million ($1.94 per share) for Q2 2025. These results reflect strong operational performance, largely driven by high gold prices, which increased by $400 this quarter. The continuous focus on cost control resulted in cash costs of $933 per ounce, only $30 higher than Q1.

Capital Returns Strategy: The company returned $300 million to shareholders through dividends ($200 million) and share buybacks ($100 million). This aligns with their strategy of returning one-third of free cash flow to shareholders. They plan to continue increasing buyback activity in the second half of the year, supported by the strong financial position.

Production Updates and Predictions: Gold production reached approximately 866,000 ounces this quarter. While positive production trends were observed, such as record production at LaRonde, challenges were noted at Detour with lower grades expected in Q3, leading to a prediction of meeting only the lower end of the full-year production guidance for that mine.