Agnico Eagle Mines Ltd. reported its fourth-quarter earnings for 2024, revealing an adjusted earnings per share (EPS) of $1.26, surpassing the estimated $1.18. The company’s revenue totaled $2.22 billion, which fell short of the forecasted $2.27 billion. Despite the revenue miss, Agnico Eagle achieved record production and a quarterly adjusted net income of $632 million. The total cash cost to produce an ounce of gold was reported at $903, with gold prices currently around $2,930. The company aims to produce between 3.3 million and 3.5 million ounces of gold in 2025, positioning itself to potentially become the world's second-largest gold producer, challenging its top competitors.