# Agnico Eagle Mines Ltd. (AEM) — Stock CV

Agnico Eagle Mines Ltd. is a $95.8B materials company. Revenue grew 43.7% over the last year, it keeps 37¢ of every dollar of sales as profit, and it holds more cash than debt. It trades at 15.9× earnings.

> Agnico Eagle is a gold miner with mines in Canada, Mexico, Finland, and Australia. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines online in rapid succession in the following years.

## Identity

- **Ticker**: AEM
- **Sector**: Basic Materials
- **Employees**: 18 216
- **Website**: https://www.agnicoeagle.com
- **Market cap**: $95.8B
- **Last price**: $189.21
- **Financial profile**: Strong

## Vitals (FY2025)

- **Revenue**: $11.9B
- **Net income**: $4.46B
- **Free cash flow**: $4.56B
- **Net cash**: $3.16B
- **P/E**: 15.9
- **Revenue growth (YoY)**: 43.7%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 69 |
| Growth | 75 |
| Profitability | 90 |
| Health | 100 |
| Quality | 87 |
| Moat | 75 |

## Qualifications (beginner checklist) — 10 of 11 passed

- [x] Revenue growing — +43.7% YoY
- [x] Profitable — $4.46B FY2025
- [x] Profit growing — +79.7% YoY
- [x] Generates cash — $4.56B FY2025
- [x] Debt under control — more cash than debt
- [x] Established company — $95.8B market cap
- [ ] Not printing shares — +106.1% shares over ~5y
- [x] Proven track record — 5/5 profitable years
- [x] Financially stable — Altman Z 7.5 — safe
- [x] Pays a dividend — yield 0.84%
- [x] Valuation not extreme — P/E 15.9

## Experience (career milestones)

- **FY2025** — Revenue crossed $10B: $11.9B for the year
- **FY2025** — Best year on record: $4.46B net income
- **2025** — Agnico Eagle Mines Limited completed the acquisition of 100% of O3 Mining Inc
- **FY2024** — Became debt-free: cash now exceeds total debt
- **Feb 8, 2022** — Agnico Eagle acquired its interest in the Detour Lake mine on February 8, 2022
- **FY2021** — Profitable every year on record: 5 consecutive profitable years in our data
- **FY2021** — Revenue already above $1B: $3.87B in first reported year
- **FY2021** — Positive free cash flow every year since: 5-year streak
- **2021** — A $13.5 billion merger between Kirkland Lake Gold and Agnico consolidated the largest gold mines in…
- **1988** — During this period, Agnico Eagle also acquired the property and assets of Dumagami Mines Limited in north-western Quebec
- **1963** — Paul Penna became the president of Agnico Mines, and he eventually oversaw the merger of Agnico Mines with…
- **1953** — Five struggling mining companies joined to become Cobalt Consolidated Mining

## Strengths

- High gross margin (74.6%)
- Strongly profitable — 37.5% net margin
- Revenue growing 43.7% year over year
- Strong cash conversion — FCF is 38.3% of revenue
- Net cash position after subtracting debt from cash

## Watch-outs

- None stand out in the data.

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $3.87B | $562M | $558M |
| FY2022 | $5.74B | $670M | $947M |
| FY2023 | $6.63B | $1.94B | $2.14B |
| FY2024 | $8.29B | $1.90B | $4.40B |
| FY2025 | $11.9B | $4.46B | $4.56B |

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Source: https://stockcv.com/AEM — derived from company filings; may be delayed or incomplete. Information, not investment advice.