AEM

A month has gone by since the last earnings report for Agnico Eagle Mines (AEM). Shares have added about 42.9% in that time frame, outperforming the S&P 500. But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Agnico due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Agnico Eagle reported earnings of $3.17 per share for the second quarter of 2026, up from $2.12 in the year-ago quarter. Barring one-time items, earnings were $3.05 per share, up 57.2% from $1.94 a year ago. The figure surpassed the Zacks Consensus Estimate of $2.89.  The company generated revenues of $3,802.8 million, up 35% year over year. The top line missed the Zacks Consensus Estimate of $3,863.2 million. Payable gold production was 855,816 ounces in the reported quarter, down 1.2% from 866,029 ounces in the prior-year quarter. The figure surpassed our estimate of 827,779 ounces.  Total cash costs per ounce for gold were $1,054, up from $925 a year ago. It was above our estimate of $1,043.  Realized gold prices were $4,483 per ounce in the quarter, up 36.3% from $3,288 a year ago. The figure lagged our estimate of $4,640.  AISC was $1,459 per ounce in the quarter, up 13.9% from $1,281 a year ago. It was above our estimate of $1,439. Agnico Eagle ended the quarter with cash and cash equivalents of $3,464 million, up 11.3% sequentially. Long-term debt was $197 million, unchanged from the prior quarter.  Total cash from operating activities amounted to $2,144 million in the second quarter, up 16.2% from $1,845 million a year ago. Free cash flow increased 2.3% year over year to $1,335 million. For full-year 2026, the company expects gold production near the lower end of its guidance of 3.3 million to 3.5 million ounces, reflecting the preliminary redesign of the Barnat open pit at Canadian Malartic. Total cash costs per ounce are projected between $1,020 and $1,120, while AISC is forecast in the range of $1,400 to $1,550 per ounce.  The company now expects capital expenditures, excluding capitalized exploration, to be between $2.6 billion and $2.8 billion, up from the prior guidance of $2.2-$2.4 billion, reflecting the approval of construction activities at Hope Bay. Capitalized exploration is projected in the range of $290 million to $330 million.  Exploration and corporate development expenses are expected to be between $275 million and $305 million. Depreciation and amortization expenses are forecast in the range of $1.55-$1.75 billion.  The company anticipates general and administrative expenses between $230 million and $260 million. Other costs are projected between $75 million and $95 million.  The effective tax rate is projected between 34% and 36%, with cash taxes estimated in the range of $3.4-$3.6 billion. In the past month, investors have witnessed a downward trend in estimates review. The consensus estimate has shifted -9.95% due to these changes. Currently, Agnico has a strong Growth Score of A, a score with the same score on the momentum front. However, the stock was allocated a grade of D on the value side, putting it in the bottom 40% for this investment strategy. Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. It's no surprise Agnico has a Zacks Rank #4 (Sell). We expect a below average return from the stock in the next few months. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agnico Eagle Mines Limited (AEM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Franco-Nevada Corporation FNV reported adjusted earnings of $1.81 per share in the second quarter of 2026, up 46% year over year. However, the bottom line missed the Zacks Consensus Estimate of $1.95.Revenues climbed 57.3% year over year to $581 million, aided by stronger precious metal and oil prices, and higher contributions from several assets. Gold-equivalent ounces (GEOs) sold increased 18.1% to 132,405. Franco-Nevada Corporation price-consensus-eps-surprise-chart | Franco-Nevada Corporation Quote Revenues from Precious Metal assets totaled $498.7 million in the reported quarter, up from $304 million a year ago. These assets accounted for 86% of the quarterly revenues, comprising 70% of gold, 14% of silver and 2% of platinum group metals. Precious Metal GEOs sold increased 23.4% year over year to 114,111. Results benefited from higher deliveries from Antapaccay, Antamina, South Arturo and Musselwhite, along with incremental contributions from Côté Gold, Casa Berardi, Valentine and Porcupine. Adjusted EBITDA advanced 44.8% year over year to $529.7 million. However, the adjusted EBITDA margin declined to 91.2% from 99% in the year-ago quarter. Gross profit rose to $451 million from $271.9 million.Adjusted net income increased to $349.2 million from $238.5 million a year earlier. The adjusted net income margin was 60.1%, down from 64.6% in the prior-year quarter, indicating that the sharp revenue increase did not translate into comparable margin expansion. As of June 30, 2026, Franco-Nevada had $1.01 billion in cash and cash equivalents, up from $0.67 billion at the end of 2025. The company generated an operating cash flow of $482.5 million in the second quarter, up 12% year over year.The company remained debt-free and had $4.3 billion in available capital at the end of the quarter. Franco-Nevada uses its free cash flow to expand its portfolio and pay out dividends. FNV expects total GEO sales of 510,000-570,000 for 2026 and is tracking toward the upper half of this range. The company sold 268,758 GEOs during the first half. Production is expected to be weighted toward the second half, reflecting anticipated production profiles at Candelaria, Tocantinzinho, Côté Gold, Greenstone and Valentine.The outlook also incorporates anticipated deliveries from the processing of stockpiled ore at Cobre Panamá. Franco-Nevada expects stream deliveries from Cobre Panamá to total 23,100 gold ounces and 265,000 silver ounces, with deliveries expected to begin in the third quarter. The company’s shares have gained 32.7% in the past year compared with the industry’s growth of 52%. Image Source: Zacks Investment Research Franco-Nevada currently carries a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Kinross Gold Corporation KGC reported adjusted earnings of 71 cents per share for the second quarter of 2026, surging 61.4% from 44 cents in the year-ago quarter. The bottom line beat the Zacks Consensus Estimate of 66 cents by 7.6%.Kinross Gold’s revenues increased 29.5% year over year to $2.2 billion but missed the consensus estimate of $2.3 billion by 2%.Agnico Eagle Mines Limited AEM posted second-quarter 2026 earnings of $3.05 per share, up 57.2% from $1.94 a year ago. The figure surpassed the Zacks Consensus Estimate of $2.89. Agnico Eagle Mines generated revenues of $3,802.8 million, up 35% year over year. The top line missed the Zacks Consensus Estimate of $3,863.2 million.Newmont Corporation NEM reported second-quarter 2026 adjusted earnings of $2.10 per share, up 46.9% from $1.43 in the prior-year quarter. The figure topped the Zacks Consensus Estimate of $2.05.  Newmont’s revenues for the second quarter were $6.12 billion, up 15.1% from the prior-year quarter. The figure missed the Zacks Consensus Estimate of $6.35 billion. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Franco-Nevada Corporation (FNV) : Free Stock Analysis Report Newmont Corporation (NEM) : Free Stock Analysis Report Kinross Gold Corporation (KGC) : Free Stock Analysis Report Agnico Eagle Mines Limited (AEM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Barrick Mining Corporation B recorded profits (on a reported basis) of $1,217 million or 73 cents per share for second-quarter 2026, up 50% from $811 million or 47 cents per share in the year-ago quarter. Barring one-time items, adjusted earnings per share were 82 cents. The figure beat the Zacks Consensus Estimate of 81 cents and increased around 74% year over year. Barrick recorded total sales of $5,292 million, up 44% year over year. The top line surpassed the Zacks Consensus Estimate of $4,487.7 million. Barrick Mining Corporation price-consensus-eps-surprise-chart | Barrick Mining Corporation Quote Total gold production was 796,000 ounces in the reported quarter, essentially flat year over year compared with 797,000 ounces. The metric beat the consensus estimate of 764,000 ounces. The average realized price of gold was $4,417 per ounce in the quarter, up around 34%. The cost of sales increased around 20% year over year to $1,993 per ounce. All-in-sustaining costs (AISC) rose around 11% to $1,866 per ounce in the quarter. At the end of the quarter, Barrick had cash and cash equivalents of $5,927 million, up 23% from the prior-year quarter. The company’s total debt was $4,682 million at the end of the quarter, down around 1% year over year. The operating cash flow was $1.7 billion for the quarter, up 28% year over year, whereas the free cash flow was $515 million, up 30%. For 2026, Barrick continues to anticipate attributable gold production in the range of 2.9-3.25 million ounces. The company reduced total attributable capital expenditure guidance to $3.8-$4.2 billion from $4-$4.45 billion previously. AISC is projected at $1,760-$1,950 per ounce for 2026. Cash costs per ounce are forecast to be $1,330-$1,470. The company also expects cost of sales of $1,870-$2,070 per ounce. Barrick expects copper production of 190,000-220,000 tons at AISC of $3.45-$3.75 per pound, C1 cash costs of $2.20-$2.45 per pound and cost of sales of $3.05-$3.35 per pound for 2026. Barrick’s shares have gained 68.2% in the past year compared with the 51.1% rise of the industry. Image Source: Zacks Investment Research B currently carries a Zacks Rank #4 (Sell). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Newmont Corporation NEM reported second-quarter adjusted earnings of $2.10 per share, up 46.9% from $1.43 reported in the prior-year quarter. The figure topped the Zacks Consensus Estimate of $2.05. Newmont remains on track to achieve its previously announced 2026 guidance. NEM expects attributable gold production of approximately 5.26 million ounces. Kinross Gold Corporation KGC reported adjusted earnings of 71 cents per share for the second quarter, up 61.4% from 44 cents in the year-ago quarter. The bottom line beat the Zacks Consensus Estimate of 66 cents by 7.6%. Kinross remains on track to meet its 2026 annual guidance. KGC expects attributable production of 2 million gold-equivalent ounces (+/- 5%). Agnico Eagle Mines Limited AEM reported second-quarter adjusted earnings of $3.05 per share, up 57.2% from $1.94 a year ago. The figure surpassed the Zacks Consensus Estimate of $2.89. For full-year 2026, AEM expects gold production near the lower end of its guidance of 3.3 million to 3.5 million ounces, reflecting the preliminary redesign of the Barnat open pit at Canadian Malartic. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Barrick Mining Corporation (B) : Free Stock Analysis Report Newmont Corporation (NEM) : Free Stock Analysis Report Kinross Gold Corporation (KGC) : Free Stock Analysis Report Agnico Eagle Mines Limited (AEM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Make better investment decisions with Simply Wall St's easy, visual tools that give you a competitive edge. Agnico Eagle Mines (NYSE:AEM) has drawn fresh investor attention after releasing second quarter 2026 results, affirming its quarterly dividend and completing a share buyback tranche, all within a few days at the end of July. The company reported second quarter net income of US$1,600.45 million, with basic earnings per share from continuing operations of US$3.19 and diluted earnings per share of US$3.17. For the first half of 2026, net income was US$3,295.91 million, with basic earnings per share from continuing operations of US$6.58 and diluted earnings per share of US$6.56. Gold production for the second quarter came in at 855,816 ounces compared with 866,029 ounces in the same period a year earlier. For the first six months of 2026, production was 1,680,925 ounces compared with 1,739,823 ounces a year ago, giving investors additional context on output alongside the earnings figures. Alongside the results, Agnico Eagle Mines declared a quarterly cash dividend of US$0.45 per common share, payable on September 15, 2026, to shareholders of record as of September 1, 2026. The company also confirmed that from May 4, 2026 to June 30, 2026, it repurchased 2,110,462 shares for US$377.48 million, representing 0.42% of its share count, completing the buyback program announced on May 4, 2026. See our latest analysis for Agnico Eagle Mines. Agnico Eagle Mines’ recent earnings, dividend affirmation and completion of the buyback have coincided with a sharp change in sentiment, with a 7 day share price return of 20.68% and a 30 day share price return of 23.75% lifting the stock to US$181.75, even though the 90 day share price return is still down 7.26%. The 1 year total shareholder return of 35.51% sits against a very large 3 year total shareholder return and a 5 year total shareholder return of 250.87%. This suggests investors are reassessing both growth prospects and risks as new guidance and project updates emerge. If you want to see how other gold producers are trading after recent moves in the metal price, it is worth scanning the 29 elite gold producer stocks Agnico Eagle Mines now looks like a strong, cash generating business again, yet the share price has raced ahead in just a few weeks. Does that recent jump still leave enough value on the table today? The most followed narrative for Agnico Eagle Mines places fair value at $123,914, which is far above the recent share price of $181.75 and points to very aggressive upside assumptions behind that figure. Read the complete narrative. The narrative leans on a production gap, idle mill capacity, and a nearby deposit that could be plugged in quickly. It also assumes strong margins and a rich long term cash flow stream to support that towering fair value number. Curious what kind of revenue and profit profile would need to sit behind a price tag that far above today’s market level. Result: Fair Value of $123,914 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, this Agnico Eagle Mines narrative still faces clear risks if Canadian Malartic output recovers more quickly than expected or if Renforth’s resource and permitting assumptions prove too optimistic. Find out about the key risks to this Agnico Eagle Mines narrative. The mix of optimism and concern around Agnico Eagle Mines will not stay balanced forever, so it makes sense to look at the details now and decide where you stand using the 3 key rewards and 1 important warning sign Do not stop at Agnico Eagle Mines when there are other opportunities to review. Use these focused stock ideas to pressure test your portfolio before the next move. Target dependable income streams by reviewing companies in the 9 dividend fortresses. Hunt for potential value opportunities using the 51 high quality undervalued stocks that highlights companies with strong fundamentals. Protect your downside by checking out stocks in the 83 resilient stocks with low risk scores that score well on resilience. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include AEM. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Agnico Eagle Mines Limited AEM delivered better-than-expected earnings in the second quarter on higher realized gold prices, but it remains mired in headwinds from higher costs. Its all-in sustaining costs (AISC) — the most important cost metric of miners — were $1,459 per ounce in the second quarter, marking a roughly 14% year-over-year rise, impacted by higher total cash costs and an uptick in sustaining capital expenditures. Total cash costs per ounce for gold were $1,054, 14% higher than $925 a year ago. Total cash costs rose due to increased royalty costs, higher labor and energy costs and lower production. While Agnico Eagle is taking action to control costs, inflationary pressures are likely to continue, weighing on its overall financial performance. Maintaining cost discipline to sustain margin expansion will be crucial for the company.AEM forecasts total cash costs per ounce in the range of $1,020 to $1,120 and AISC per ounce between $1,400 and $1,550 for 2026, suggesting a year-over-year increase at the midpoint of the respective ranges. Cash costs are expected to increase in 2026, partly due to higher royalty costs, cost inflation (including higher labor and electricity costs) and lower grades across certain mines. Higher production costs warrant caution, as they will likely weigh on AEM’s profitability. Among AEM’s peers, Newmont Corporation NEM saw a roughly 22% year-over-year increase in AISC on a co-product basis in the second quarter, reaching $1,938 per ounce. NEM’s costs applicable to sales (CAS) rose 20% year over year. Newmont projects gold by-product CAS of $1,055 per ounce and gold by-product AISC of $1,680 per ounce. Kinross Gold Corporation KGC also saw higher production costs in the June quarter. KGC’s second-quarter attributable AISC was $1,821 per ounce, marking a 22% increase from the year-ago quarter. Kinross expects AISC to be $1,730 per ounce (+/-5%) in 2026, indicating a year-over-year increase from $1,571 per ounce in 2025. Shares of Agnico Eagle have gained 33.3% in a year compared with the Zacks Mining – Gold industry’s rise of 49.3%. Image Source: Zacks Investment Research From a valuation standpoint, AEM is currently trading at a forward 12-month earnings multiple of 15.61, a roughly 29.7% premium to the industry average of 12.04X. It carries a Value Score of D. Image Source: Zacks Investment Research The Zacks Consensus Estimate for AEM’s 2026 and 2027 earnings implies a year-over-year rise of 41.2% and a decline of 1.8%, respectively. The EPS estimates for 2026 and 2027 have been trending lower over the past 60 days. Image Source: Zacks Investment Research AEM stock currently carries a Zacks Rank #5 (Strong Sell). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agnico Eagle Mines Limited (AEM) : Free Stock Analysis Report Newmont Corporation (NEM) : Free Stock Analysis Report Kinross Gold Corporation (KGC) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. Agnico Eagle Mines stock has delivered a very large 3 year return, while current valuation checks suggest it is closer to fairly valued than clearly cheap. The Discounted Cash Flow (DCF) estimate and earnings multiples point to only a modest valuation gap rather than an obvious mispricing. Agnico Eagle Mines has returned about 3x over the last 3 years, which puts extra focus on whether recent gains are already reflected in the current share price. Recent higher earnings and a maintained production outlook can support confidence in future cash flows, although any disappointment on output, costs or gold pricing may quickly affect how sustainable the current valuation looks. The company screens as undervalued on some checks but not others, and with a value score of 4 out of 6 the overall picture is mixed rather than a clear bargain or clear overvaluation. The issue now is whether Agnico Eagle Mines offers enough valuation upside after such strong past returns, or if the stock already prices in most of the good news. Find out why Agnico Eagle Mines' 34.5% return over the last year is lagging behind its peers. The Discounted Cash Flow (DCF) model looks at the cash Agnico Eagle Mines is expected to generate for shareholders and brings it back to today’s value. Agnico Eagle Mines is currently producing positive free cash flow, with the latest twelve month figure at about $4.4b. The model assumes these cash flows grow over time from this base rather than relying on a sharp rebound from losses. On these projections, the DCF model points to an estimated intrinsic value of about $194 per share, which implies the stock is roughly 6.8% below that estimate. Despite the recent report of higher Q2 earnings and a maintained 2026 production outlook, the current share price still sits a little under what this discounted cash flow view suggests. This gap is not huge, which leaves Agnico Eagle Mines looking closer to fairly priced than to a deep value situation. Overall, Agnico Eagle Mines stock appears roughly fairly valued on the DCF work, with only a modest discount to intrinsic value implied. Agnico Eagle Mines is fairly valued according to our Discounted Cash Flow (DCF), but this can change at a moment's notice. Track the value in your watchlist or portfolio and be alerted on when to act. Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Agnico Eagle Mines. The P/E ratio is a useful check for Agnico Eagle Mines because earnings are a central focus for many investors in the metals and mining sector. Agnico Eagle Mines currently trades on a P/E of 15.6x, which sits below both the sector average of about 18.4x and the broader peer group average of about 19.0x. A tailored fair P/E for Agnico Eagle Mines, which blends its growth outlook, margins, size and risk profile, comes out at about 18.2x. That is above the current 15.6x level, so the stock trades at a discount to what this framework would suggest as a reasonable earnings multiple. For investors focused on earnings-based valuation, Agnico Eagle Mines appears attractively priced on this measure relative to both its industry and this fair value anchor. On the P/E multiple, Agnico Eagle Mines stock appears undervalued compared with both its industry and its modelled fair earnings ratio. See what the numbers say about this price — find out in our valuation breakdown. Simply Wall St Narratives build on the valuation work for Agnico Eagle Mines by explaining which future paths for growth, margins and earnings would need to occur for the stock to be worth materially more or less than today's price on the Community page. Rather than relying on a single multiple or model output, each narrative presents the key assumptions behind its view of fair value so you can revisit them as new results arrive. One of the top community narratives on Agnico Eagle Mines: 28% undervalued Read one of the top narratives on Agnico Eagle Mines Do you think there's more to the story for Agnico Eagle Mines? Head over to our Community to see what others are saying! Agnico Eagle Mines looks close to intrinsic value on the Discounted Cash Flow (DCF) work, with only a single digit percentage discount implied, while the earnings multiple still points to an undervalued stock relative to peers and a tailored fair P/E. That mix suggests some upside could be available, but not with a wide margin of safety. The key question from here is whether future cash flows and earnings can support a stronger earnings multiple without stretching the DCF picture, or whether the current pricing already reflects most of the achievable progress on costs and production. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include AEM. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Wheaton Precious Metals Corp. WPM reported adjusted earnings of $1.19 per share for second-quarter 2026, beating the Zacks Consensus Estimate of $1.15 by 3.48%. Adjusted earnings per share increased 89.7% year over year. Revenues rose 84.7% year over year to $929 million and surpassed the consensus estimate of $877 million by 5.98%. Revenue growth reflected a 61% increase in the average realized gold-equivalent price and a 14% rise in gold-equivalent ounces (GEOs) sold. The company sold 209,115 GEOs in the quarter, up 14.4% from the year-ago period. Gold contributed 46% to quarterly revenues, while silver accounted for 52%. Palladium represented 0.3% and cobalt contributed 2%. In second-quarter 2026, the average realized gold price was $4,452 per ounce, up 34.2% from the year-ago quarter. Silver prices were $73.41 per ounce, increasing 115.6% year over year. Palladium prices rose 43.5% from the prior-year quarter to $1,429 per ounce. Cobalt prices increased 50.2% year over year to $27.93 per pound. Wheaton Precious Metals Corp. price-consensus-eps-surprise-chart | Wheaton Precious Metals Corp. Quote Gold production in the second quarter was 90,434 ounces, down 2.6% year over year. The figure missed our gold production projection of 98,995 ounces for the quarter. Silver production rose 14.5% year over year to 6.4 million ounces, which came in higher than our estimate of 5.9 million ounces. Attributable gold-equivalent production in the quarter was 202,229 ounces, up 6.3% from the prior-year quarter’s output of 190,179 ounces. Our projection was 201,920 ounces. The total cost of sales increased 60.7% year over year to around $241 million in the second quarter. Gross profit rose 94.8% to $688 million. The gross margin was 74% in the reported quarter compared with 70.2% in the prior-year quarter.General and administrative expenses increased 2.8% year over year to $11 million. Earnings from operations were $667 million, up 102.3% from the $330 million reported in the prior-year quarter.Average cash costs in the second quarter of 2026 were $568 per GEO, up from $406 in the year-ago quarter. The cash operating margin increased 65% year over year to $3,875 per GEO sold due to a higher realized price per ounce. WPM had $0.1 billion in cash in hand at the end of second-quarter 2026 compared with $1.15 billion at the end of 2025. The company reported an operating cash flow of $649.5 million in the second quarter of 2026 compared with $415 million in the year-ago quarter. WPM maintained its 2026 production guidance of 860,000-940,000 GEOs. The outlook includes 400,000-430,000 ounces of gold, 27-29 million ounces of silver and 19,000-21,000 GEOs of other metals. The company expects production to be weighted to the second half, helped by mine sequencing at Salobo and Peñasquito, the full Antamina contribution, and continued ramp-up of newer assets.The development pipeline also continues to advance. Blackwater's Phase 1A expansion was 57% complete at the end of the quarter and remains scheduled for commissioning in the fourth quarter of 2026. Koné targets first gold in late fourth-quarter 2026, while Platreef expects commercial production in the fourth quarter. WPM continues to forecast production of 1.2 million GEOs by 2030. WPM shares have gained 38.5% in the past year compared with the industry’s 48.9% growth. Image Source: Zacks Investment Research Wheaton Precious currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Kinross Gold Corporation KGC reported adjusted earnings of 71 cents per share for the second quarter of 2026, surging 61.4% from 44 cents in the year-ago quarter. The bottom line beat the Zacks Consensus Estimate of 66 cents by 7.6%.Kinross Gold’s revenues increased 29.5% year over year to $2.2 billion but missed the consensus estimate of $2.3 billion by 2%. Agnico Eagle Mines Limited AEM posted second-quarter 2026 earnings of $3.05 per share, up 57.2% from $1.94 a year ago. The figure surpassed the Zacks Consensus Estimate of $2.89. Agnico Eagle Mines generated revenues of $3,802.8 million, up 35% year over year. The top line missed the Zacks Consensus Estimate of $3,863.2 million.Newmont Corporation NEM reported second-quarter 2026 adjusted earnings of $2.10 per share, up 46.9% from $1.43 in the prior-year quarter. The figure topped the Zacks Consensus Estimate of $2.05.  Newmont’s revenues for the second quarter were $6.12 billion, up 15.1% from the prior-year quarter. The figure missed the Zacks Consensus Estimate of $6.35 billion. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Wheaton Precious Metals Corp. (WPM) : Free Stock Analysis Report Newmont Corporation (NEM) : Free Stock Analysis Report Kinross Gold Corporation (KGC) : Free Stock Analysis Report Agnico Eagle Mines Limited (AEM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Image source: The Motley Fool. Thursday, July 30, 2026 at 11:00 a.m. ET President and Chief Executive Officer - Ammar Al-Joundi Chief Financial Officer - James R. Porter Executive Vice President, Operational Excellence - Dominique Girard Vice President, Europe - Jussi Saaskilahti Executive Vice President, Ontario, Australia and Mexico - Natasha Nella Dominica Vaz Executive Vice President, Exploration - Guy Gosselin Senior Vice President, Operational Excellence - Carol-Ann Plummer-Theriault Operator: Good morning, ladies and gentlemen, My name is Vanessa, and I will be your conference operator today. At this time, I would like to welcome everyone to the Agnico Eagle Mines Limited Q2 2026 Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star, then the number 1, on your telephone keypad. If you would like to withdraw your question, please press star, then the number 2. And thank you. Mr. Ammar Al-Joundi, you may begin your conference. Ammar Al-Joundi: Thank you, operator. Good morning, everyone, and thank you for joining our Agnico Eagle second quarter 2026 conference call. I would like to remind everyone that we will be making a number of forward-looking statements. So please keep that in mind and refer to the disclaimers at the beginning of this presentation. Next slide, please. My colleagues and I are pleased to report another strong quarter with not only record free cash flow generated by our operations, but also record capital returns to our shareholders. Gold production of 856 thousand ounces was for the second consecutive quarter, above budget. With cash costs and all in sustaining costs both within our guidance range. This is not a small accomplishment, in a quarter where oil traded above a $100 per barrel for much of the time. As you will hear on this call, the business is strong and we continue to move towards creating substantial additional value for our owners. This quarter, we are reporting solid operations, excellent progress on our growth pipeline, continued exceptional exploration results, all with yet another quarter of record financials. My team will go through all of this in more detail, but let me outline and summarize what I believe are the key messages that are important to take away. from this call. The first key message is that we continue to work hard every day not only to deliver what we promise, but also to continue to take every opportunity to improve our business. Step by step, quarter by quarter. For example, this quarter, I am pleased to highlight that at Macassa, we had record skipped tonnes, record mill throughput,, and the first processing of our AK4 at LZ5. At Detour, record total mine tons and record daily mill throughput at Meliadine. Record mill throughput at Kittila. Record mill throughput. Individually, these may seem like small accomplishments, but when we step back, and when we look at the big picture collectively, this quarter, we have had record mill throughput at mines representing slightly more than half of our total production. In and of itself, record mill throughput at half our mines represents substantial continuous operational improvement. But the real message we want to convey is that these improvements are an illustration of the culture, and the dedication of our teams. a culture of commitment to always do the best they can and then to look to do even better. Even when things are going well, even when gold prices are high, and even when we are delivering record financial returns to our owners. I have to tell you sincerely as a CEO, that makes me very proud. To be sure, mining is a challenging business, and Agnico Eagle is not immune to these challenges. For example, on July 1, we had a rock movement in the wall of our Barnat pit. Of course, this was a disappointment. But I am proud of our team and, importantly, of our systems and our processes including the systems and processes we had in place to track potential wall movement, allowed us to move quickly to protect both our people and our equipment. The safety of our people remains the most important thing always. I am proud that within 24 hours of the event, we had a good understanding of its impact and we were able to communicate to our owners and to the market that we were still able to forecast 2026 production within our original guidance range of 3.3 million to 3.5 million ounces. Albeit towards the lower end of that range. Agnico Eagle is not immune to the challenges common to our business, but we have a long and demonstrated history of managing these challenges well. And we have a long and demonstrated history of recovering from these challenges quickly. The second key message I want to convey this morning is that we continue to aggressively reinvest in our business into projects that deliver exceptional returns at relatively lower risk. We are making steady progress, and in many cases, we are well ahead of schedule. We have announced the go ahead of our Hope Bay mine, This will be a world class low cost mine producing between 400 and 450 thousand ounces a year that we expect to happen for decades. We had the opportunity to tour this project with our board a few days ago and while we are all impressed with the very real and substantial progress, I think what really stood out was the excitement of the team regarding the potential on these 2 80-kilometer greenstone belts. We really are just starting to scratch the surface of the potential at Hope Bay. Dominique and Natasha will spend some time talking about continued progress in moving both Malartic and Detour to 1 million ounces of yearly production, and moving forward on Upper Beaver. Another high quality low cost, brand new mine. in our backyard. Jussi, runs our Northern European business, will talk about our recent consolidation of what our team believes to be the most prospective exploration belt in the Nordic region and his team's plans to more than double that business to over 500 thousand ounces of yearly production. We are making excellent and steady progress on our target of increasing production by up to 20% to 30% over the next decade and that target was before the Finland land consolidation. We have the strongest pipeline in our history, We have the strongest pipeline in the business. And there is more to come. We are only in the 3rd or 4th inning here. We remain long term bullish on gold, and we are and we remain focused heavily focused on steadily increasing gold production per share for years and for decades to come. The third key takeaway is again, continued exceptional exploration results. Exploration is the lifeblood of our business and Guy will spend some time going over some exciting holes that are both confirming and expanding our key mines and our organic growth projects. As Jamie, our CFO, likes to say, we are in a gold price environment where with strong operating performance, and with good cost control, we are able to do it all. We are able to reinvest in our business to support the best organic growth in the industry This quarter, we invested over $800 million in an advancing key projects and in capitalized exploration. This quarter, we were able to opportunistically pursue strategic M&A opportunities that add value per share and that improve the quality of our business. This quarter, we consolidated the best land package in Northern Europe including using almost $600 million in cash. We continue to strengthen the balance sheet in the second quarter, we added over $350 million of cash to reach a record $3.5 billion of cash on hand. All of this while delivering another record quarter of returns to our shareholders. In the second quarter, we delivered $625 million to our owners, between our dividends and our $400 million of share repurchases. Second quarter of 2026 has been volatile. Volatile geopolitically, volatile economically, and certainly volatile gold prices. But even in this environment, our team was able to deliver the steady reliable performance that Agnico Eagle is known for. Delivering solid results across the business. but before I turn this call over to the rest of our team, to talk about this in more detail, I need to spend a moment to talk about the very sad fatality we had since our last call. Daniel Gero, partner of Michele, and father of 2 teenage girls, tragically lost his life while on the job on May 1. Every fatality is devastating not only to the families involved, but to all the people they have touched in their lives. Including friends and colleagues here at Agnico Eagle. In the almost 70 years of operation from 1.96 thousand to today we have had a total of 23 fatalities and 3 of these have occurred in the last year. I will repeat what I said last quarter, Fatalities, every single 1, Is not acceptable. I want to assure all you and more importantly, I want to assure all our people who come into work every day working hard for the company that we are more focused on safety than ever and that taking care of all of you remains our number 1 responsibility. Again, and with great emphasis there is nothing more important than the safety of our people and of our communities. I will now ask James R. Porter, our CFO, to discuss our Q2 financial results. James R. Porter: Thank you, Ammar. This was another solid quarter for Agnico Eagle. Reflecting our high quality asset portfolio, solid operational execution, and continued leverage to the gold price. Strong operational performance and disciplined cost management combined with a favorable gold price environment to drive record free cash flow of over $1.3 billion for the quarter. We also delivered excellent financial results. Generating adjusted net income of approximately $1.5 billion or $3.07 per share and adjusted EBITDA of approximately $2.7 billion. Gold production was ahead of plan at 856 thousand ounces, reflecting a very strong finish to the second quarter. This outperformance was led by Detour Lake, Kittila and Fosterville. Reflecting the benefits of continuous operational improvement at these sites. We are extremely proud of the work of our teams who remain focused on productivity initiatives operational optimization, and disciplined cost control. These efforts translate into another quarter of solid cost performance. Total cash costs were $10.54 per ounce, and all-in sustaining costs were $1.46 thousand per ounce. Below our costs in the first quarter, below the midpoint of our guidance ranges, and hundreds of dollars below the industry average. This cost control is particularly impressive given the inflationary pressures. We are seeing across the industry. Overall, our business continues to demonstrate the consistency and resilience that have long differentiated Agnico Eagle, allowing us to translate strong gold prices into record cash generation and record shareholder returns this quarter. We turn to Slide 5. We remain in the strongest financial position in the company's history. Our strong balance sheet and record cash generation allows us to maintain a balanced and disciplined approach to capital allocation. Creating value through shareholder returns, investment in future growth, and continued financial strength. As Ammar mentioned, and I like to say,, we are in a gold price environment where we are truly able to do it all. We generated approximately $3.5 billion of operating cash flow in the first half of the year. Approximately 30% of that was returned to shareholders through dividends and share buybacks. With a record $625 million of shareholder returns in the second quarter alone. Nearly 40% of the operating cash flow year to date was allocated to sustaining and growing our business through investments in our organic pipeline. We invested over $800 million in capital expenditures and capitalized exploration second quarter alone. Advancing our 5 key value driver projects will support long term production growth. Of 20% to 30% over the next decade. Another 15% of our cash flow was used to support our acquisitions in Finland. Again, these acquisitions strengthen an already high quality regional business. And create additional opportunities to generate value from our established operating presence in the region. Which Jussi, our vice president of Europe, will discuss later in the presentation. The remaining 15% of our operating cash flow was applied to continue strengthening our balance sheet. We are paying healthy returns to our owners, while positioning the company for long-term per share value creation. Our balance sheet continues to grow stronger At the end of the second quarter, our net cash position increased to approximately $3.3 billion, reinforcing our position of having 1 of the strongest balance sheets in the sector. This financial strength was recognized in April when Fitch Ratings upgraded Agnico Eagle's long term issuer default rating from BBB+ to A-. At the beginning of the year, we set a target of returning approximately 40% of free cash flow to shareholders, Through the first half of the year, we have exceeded that objective. Returning approximately 48% of free cash flow through dividends and share repurchases. Given our strong free cash flow generation in the current gold price environment, we see the potential to exceed our original target for the full year. During the quarter, we monetized a portion of our equity investment portfolio, creating additional flexibility to accelerate share repurchases. We continue to view buybacks as an attractive use of capital. And again, at current gold prices, we see the capacity to continue to buy back shares while investing in growth and maintaining a best in class balance sheet. Overall, we are exceptionally well positioned in the current gold price environment with record cash flow supporting record shareholder returns, continued balance sheet strength, and ongoing investment in our industry leading growth pipeline. This balanced approach remains a key differentiator for Agnico Eagle, and positions us well for long term value creation. With that, I will turn the call over to Don. Dominique Girard: Thank you, James. Good morning, everyone. In my section, I will cover the highlights for Quebec, Nunavut, and Finland. Overall, the quarter ended in line with the plans and it is great to continue to see all initiatives ongoing to control costs. In Quebec, Canadian Malartic is facing more challenges but thanks to the team, led by Daniel Serge and Justine for their management of those challenges and their dedication. Overall, Canadian Malartic finished the first half on target. Even with some challenges. Concerning the Barnat pit wall, I will explain what are the next steps. First, all the rock that moved from the wall, approximately 1 million tons, is going to stay there. So the first step is to build some safety berms to allow us to get back to mining in the Barnat pit. Second is to build access ramps. We already built 1 along the south wall to get back to that mining area. But we still need to build some access inside the pit and also to finish the berms. The berms height will be between 15 and 25 meters high. to catch if there is ever other rock that is going to come from that located area. So we are planning to do those mitigation in Q3. And We expect to resume mining in Q4. For Nunavut, the first half of the year production is also on plan, Good news, The spring migration is over, and it went very well. Today, 6 of the 19 vessels are already received. from our sealift, and an interesting highlight Ammar mentioned, Meliadine achieved a quarterly record of over 7 thousand-ton-per-day average during the quarter. The target was 6.5 thousand. For Finland, Kittila delivered an excellent quarter both on production and cost. Thanks to the entire team for their outstanding accomplishment. It is especially timely as we are expanding our presence in Finland. It is good timing to give them a bigger playground. Jussi will provide more details shortly. On the optimization initiative, I would like to highlight the LZ5 team that keeps improving the performances when we do autonomous trucking. During the fully automated shift, which are Friday, Saturday, Sunday night, our employees would rather be at home, this is when we do automated tracking. Or mining. They managed to increase the productivity by 65% in the first half of the year So 65 more tons hauled by shift by the truck. They did that by improving the network communication, the software, but also better technology using a scanner that can see or analyze in 3D instead of 2D. That reflect in the past, we had to do actions or to stop the sequence 1.7 thousand times per shift Right now, it is down to 700, and it keep improving. Good job, team. Next page. On the project pipeline at Malartic, we continue to advance our field and mill vision to potentially grow the annual production towards 1 million ounces per year. 2 important milestone We completed the first phase of the shaft sinking 3 months ahead of schedule. The last bench was taken on July 9 reaching approximately 1.6 kilometer underground. So now we are moving to the ho hoist changeover to get back to the production mode. that is gonna start this is starting in Q3. And we are still planning to start the commissioning of this production shaft in Q2 27. Another important milestone, we extracted our first 2 stopes where the second stope is still ongoing, And then the team is going through that typical learning to that first mining phase. We will mine another 4 stopes during the rest of 2026. And we are planning to mine 30 in 2027 and above 90 in 2028. So you could see the ramp up and this is why we need the production shaft to take those tons at the top. At Hope Bay, we have reached our target of the detailed engineering, which was the trigger for us to give the green light for construction that we did in May. I have the privilege to work with a great team led by Christopher, led by Kishan, led by Marc-Andre, and also working well with the exploration guys with Conrad and Ashley who worked together to develop a very strong study And this is where we are we know we are gonna deliver that project well. I am I am really confident we are going to deliver that project safely. On time, and on cost. We had the privilege to also expose the project and our people to the board of director earlier this week. Still a lot of work to do, but we are in good position. And why I feel we are in good position? Because today, we are over 70% of the engineering completed. Because the team that are building it planning it, I have already did Miladine Meadowbank, and Amaru project in the Arctic. And we have more than 15 years of experience build operating into the Arctic. 1 of the critical path of the project is the logistic, and currently, we are ahead on the delivery at Becancour of receiving the material, which is the port where the vessel are starting. And the first vessel is going to leave the port to Hope Bay on the next weekend, the coming weekend. So around August 10, it should be at Hope Bay. So we are on target. We are gonna have 9 of those vessels going to the to WholePay. Also, as you could see in the picture, there is 3 new wings. The camp is ready. That we could ramp up the workforce. And, also, the construction schedule is from what we learned where we are going to close the building before the winter and work internally. And on top of that, right now, we see a good quality of contractor from the construction site We are looking more to the West, so half of the crew of the construction is now coming from the West. We really welcome, those new resources. And this is helping us to deliver that. So Guy will give you more information on what we see into the exploration, but Hope Bay is a world-class deposit and, in the hands of a world-class team. Hope Bay will create value for decades to come. for shareholders, employees, and the Nunavut community. On this, I will pass the mic to Jussi, who will talk about our Finland hub. Jussi Saaskilahti: Thank you, Dominique, and good morning, everyone. I am Jussi Saaskilahti, vice president of Europe, and I have been leading our European business over the last 10 years. Today, I will talk about our Finland platform and our growth plans in the region. As you know, Kittila Mine is the largest gold mine in Europe, And even after 17 years of operation, it still has substantial upside potential. Marr Zone exploration continues to deliver exciting results. The deposit remains open both along strike and at depth, and I am confident that Kitila can continue operating for another 20 years. Investment programs, including Shaft, mill expansion, and surface infrastructure investments were completed in 2023. After that, we have focused on operational excellence, cost control and productivity. Our results are very positive, and comparable cost per ton excluding royalty and mining tax, in 2025 was lower than in 2024. And, again, first half of 26 unit costs are lower than first half 25. Maintaining a declining unit cost trend despite inflationary pressures and a deepening underground operation is not easy, and is clear evidence that systematic productivity work makes a difference. 1 recent example of productivity gains in Q2 was all time high mill throughput which helped us to achieve all time high revenue, operating margin and cash flow in the history of Kittila. All in all, I think that Kittila is in the strongest position it has ever been We have an experienced management team that has worked for Agnico for years. Gaining experience not just in mining, but also building strong relationships with local authorities, communities, and other key stakeholders. Based on that experience, we believe we are in a good position to move forward with growth opportunities also outside of Kittila. Over the last 10 years, Agnico has made several strategic investments in promising exploration and development companies in Finnish Lapland, strongly strengthening Agnico's strategic position in the region. In Q2, the time was right for a more significant consolidation transaction, which will solidify Agnico's position in Finland for decades to come. Based on years of work, and thorough analysis, our conclusion was that the best potential for value creation can be achieved by acquiring 3 companies Rupert Resources, Orex Minerals, and the Fingold JV. As a result of these transactions, Agnico gained a very strong position in the Central Lapland Greenstone Belt, which we believe is 1 of the most prospective areas for gold exploration. In addition to a highly prospective land package covering approximately 2.5 thousand square kilometers, A key component of this transaction is the Ikari project which is the most significant gold discovery in Finland since the Kittila mine. In June, after closing the transactions, we welcomed 44 new colleagues and the integration work has started very well. The most important priority is that the field teams begin working seamlessly together while we also continue integrating business processes and systems. At Ikkari, consolidation transactions removed prior property boundary constraints, and we are now working on project optimization, including unconstrained open-pit scenario. We expect the results of the optimization work will be available by the end of 2 thousand 27. Condemnation drilling to support surface infrastructure planning started in June Exploration drilling will continue near the Ikkari deposit with 3 diamond drill rigs in August increasing to 5 rigs by the end of the year. In addition to the project optimization and exploration activities, we are also advancing work on the environmental impact assessment and land use planning. Overall, we see great potential in Finland By optimizing Kittila, advancing Ikkari, and unlocking the exploration upside across our 2.5 thousand square kilometer land package We are building a business with the potential to grow towards half-a-million-ounce-per-year platform. Our team is excited for this opportunity and has the ability and the experience to deliver on the vision. With that, I will pass the call over to Natasha. Natasha Nella Dominica Vaz: And good morning, everyone. I will cover the operational highlights for Ontario, Australia, and Mexico. So the regions delivered another strong quarter led by excellent performances at Detour, Fosterville, and Pinos Altos, all of which exceeded the plan. The results reflected the operational and cost improvement efforts underway at each site all aimed at extracting the full potential of our assets. All the initiatives that Dominique spoke about, they take time. They take effort. They take persistence. By the sites to implement, and now we are seeing the benefits of that work. With the records achieved this quarter. We just wanted to say thank you to all our teams across the operations for their commitment in driving these results and for continuing to create long term value for our shareholders. So now at Detour, we achieved another consecutive quarterly record in tons mined, and this is the result of the productivity initiatives started last year, which are now paying off. An example is increasing shovel productivity by increasing the amount of blasted material inventory that is available. Also getting that higher shovel productivity by diligently improving on our loading practices Detour also had a record in tons per day at the mill. As a result of incremental improvements, now that the plant is operating at a stable state. Couple that with their lowest total medical aid injury frequency in the first half, and it is made for a very, very strong first half for the site. And also at Detour, we continue to advance initiatives to improve our overall mine to mill performance. We have the newly created integrated operating center, the IOC, at Detour, aimed at improving the decision making process by connecting the mine operations, the mill operations, the planning, and the maintenance. Basically, the IOC is an operational hub. The initiative here is to break down silos, to integrate people, to integrate processes and technology, to enhance our safety, to enable quicker, better decisions, and to help optimize performance from the mine to the mill. Over at Macassa, the mill delivered another quarter of record throughput. Which was expected as the team continues to work on optimization efforts as we ramp up towards 2,010 tons per day by the end of the year. Fosterville also performed well. The commissioning of the primary fans underground in the first quarter and significant step changes in development in the 514% increase in development rate year over year. This improvement, it reflects a number of productivity initiatives that started last year, which includes improving the ventilation system, training and retraining our operators, and enabling independent blast when we can. Together, these initiatives are increasing the development productivity, but it is also increasing our operational flexibility by opening up more mining areas and positioning Fosterville to sustain the highest throughput rate in the mill in the coming years. And these are just a few examples of our ongoing focus on productivity and operational improvement. what is particularly encouraging is that many of our initiatives that I talked about today are still in their early stages. And we see additional opportunity to further optimize and improve our overall mine and mill performance in the periods ahead. Now moving to the next slide, I will give you an update on the projects in Ontario and Mexico. And I will start with Detour and the site's progress towards becoming a 1-million-ounce producer annually. And, of course, the Detour Underground project plays a big part in this plan. So we are still in the early days of the project, but we are making good progress. And we are advancing on schedule. We continue to advance the expiration ramp and have achieved just over 1 thousand meters of development, reaching a depth of 180 meters. We also continue to excavate the overburden for the conveyor portal near the mill. And also progress on the camp expansion. As well, to complement the bulk sample that is planned, we continue to progress with the high intensity drill program. In an area, we are also considering to mine as early as 2028. And Guy will speak to this program shortly. Over at Upper Beaver, progress on both the exploration ramp and shaft continued this quarter The ramp development coupled with the lateral development has advanced over 600 meters in the quarter, reaching a depth of 165 meters. Shaft sinking, which commenced in the fourth quarter of last year, it reached a depth of 470 meters. And the high intensity drill program that is focused in Upper Beaver between the 500- and 600-meter depth That was also completed during the quarter ahead of schedule, and we now have an improved understanding of the mineralized zones in this area. So following these results, we are now evaluating the potential for an expanded exploration program by extending the shaft to support infill drilling and possible mineral resource expansion at depth. And finally, over to San Nicolas. We are very happy to share that we reached an important milestone The joint venture received the approvals for both the change of land use and the environmental impact assessment permit. This now allows the joint venture to advance on supplementary permits needed before construction can commence. And as part of that, the JV, of course, will take into account the terms within the EIA approval. And in parallel, the JV will also continue to advance detail engineering and work on critical infrastructure to reduce the execution risk and better refine our capital cost estimate. The team will also work to accelerate construction and operational readiness activities to position the project for a potential sanction decision. Overall, we continue to make really good progress across our projects this quarter, and we remain really excited about the significant exploration upside emerging across our portfolio. With that, I will turn the call over to Guy. Guy Gosselin: Thank you, Natasha, and good morning, everyone. We had another very strong quarter in terms of exploration drilling, safely completing almost 400 kilometers of diamond drilling for the year for a year to date total of 760 thousand meters. Having 126 drill rigs and operational mine site our key value driver project. Well on our way to achieving our ambitious budget of 1.4 million meters for the year, aiming to replace and grow our global mineral reserve and resources per share at the end of the year, as we have been doing for the last several year in a row. Diving now into some specific project on slide 11, In Malartic, 21 rigs are in operation. Completing almost 61 kilometers of drilling in the second quarter. And close to 140 kilometers year-to-date from underground drill platform as well as surface drilling into the extension of the East Gouldie deposit. Some regional targets around Canadian Malartic, and the adjacent Marban project. We continue to get strong exploration result in the East Gouldie deposit at depth with 3.8 grams over 19.2 meters in hole 354 at 1.95 thousand meters below surface. In the lower portion of the deposit. And the upper eastern portion of East Gouldie, as well, in Drill Hole 62 with 5.1 grams over 14.3 meters at a 915-meter depth from level 75. To the north, in the Odyssey internal zone, we continue to get very exciting result in a structure known as the Artemis Zone in Hole 13, drilled from underground at Level 57, with multiple intercepts reported with the most significant returning 13.7 grams over 14.6 meters core length. At around 1 thousand meters below surface. Supporting our view, of additional exploration upside from the internal zone at Odyssey close to the mine infrastructure as we continue to add drilling from underground. On the adjacent project, at Marban, 4 drill rigs completed 100 drill holes year-to-date. Continuing condemnation and some exploration drilling, to confirm the potential location of the surface infrastructure related to the project. Now on slide 12, at Detour Lake, Completed close to 53 kilometers of drilling in the second quarter. For a year to date total of 92 kilometers of drilling. Drilling was dedicated to advancing the high intensity drilling program in Domain 54 and to exploration close to the exploration ramp and continuing the resources expansion towards the West at depth. And Domain 54 close to the exploration ramp west of the open pit. High intensity drilling is aiming to confirm the geological resource model by reducing the drill spacing to 20 meters. Some strong results were reported such as 2.5 grams over 62 meters. Including 15.2 grams over 5.9 meters in Drill Hole 1.13 thousandA at a 275-meter depth While in the exploration in the western extension of the deposit, towards the current extreme west of the ore body, Drill hole 1.29 thousand returned 20.8 grams over 4.8 meters. At around an 840-meter depth, With a deposit that remains open towards the west and at depth. And finally, at Hope Bay on slide 13, we have drilled close to 37 kilometers of core in the second quarter, with 6 drill rigs, for a year to date total of close to 70 kilometers ahead of our budget and well on our way to complete and exceed our 110 kilometers of drilling budgeted at Hope Bay for 2026. We were on-site earlier this week. As mentioned by Ammar and Dominique with the board, and it was exciting to see some passionate people and the large number of exploration targets that are being developed. On the entire belt supporting our view of major long term potential for this belt. Resources to reserve conversion in field and exploration drilling in the Patch 7 area continues to be the priority with, again, some very exciting results such as in drill hole 478 that those of you who were around the project announcement in May got to see on the table at the core shack. We got the results. And we got 28.8 grams over a 21-meter core length. in that drill hole. Including when considering capping and estimated through width, it is about 15.2 grams over 15.6 meters, but it shows how spectacular locally. Grade could be. And, so it is quite significant to see those multiple double digit grade and double digit meter width. In that patch event area. I am also pleased to report that we have remobilized 2 drill rigs at the Boston deposit and have reopened the camp with the aim to complete 7 thousand meters this year. All of the drill holes so far that we have seen visually respond report strong visible mineralization with assays expected to be available for the third-quarter news release in October. So stay tuned for some more good news coming out of the exploration at Hope Bay. And before passing it back to Amar, I would like to comment as well on the Finland consolidation. I share Jussi's excitement and the team enthusiasm around the acquisition We are starting to ramp up activity with some condemnation drilling already underway. And expected to have up to 5 drill rigs by the end of the year to initiate the investigation. Of the extension of the known ore body as well as the numerous exploration target. On the large land position. And I would also like to take the opportunity to welcome our new colleague from Rupert and Orion Resources who have joined the Agnico Eagle team in our quest to test the full potential of this underexplored greenstone belt that we consider to be the most prospective belt in Northern Europe. And on that, I will return the microphone to Amar. Ammar Al-Joundi: Thank you, Guy. Very, very exciting stuff as always. Well done. And thank you to the rest of the team and to all of our people for delivering another strong quarter. As you can see, we continue to work hard for all of our stakeholders and will continue to build off the same foundational pillars that have defined our strategy and have served us well for almost 70 years. We will continue to focus on the best mining jurisdictions based on geologic potential and political stability. We will be disciplined with our owners' money, making investment decisions based on technical and regional knowledge creating value through the drill bit, and through smart acquisitions where and when it makes sense. We are uniquely well positioned with a high quality project pipeline leveraging existing assets in the best regions in the world where we believe we have a competitive advantage and importantly, we will continue to be focused on creating value on a per share basis and on being leaders in our industry and returning capital to shareholders as evidenced by over 43 years of consecutive dividend payments and increasing share buybacks. We have a clear and executable strategy to create additional value per share for our owners for well into the foreseeable future with manageable risk leveraging off existing infrastructure and regional competitive advantages. We have the assets, We have the projects. We have the resources. And we have the people. We are making it happen right now. We will stay focused. We will not be distracted. Thank you again for joining us on this call and for many of you thank you for decades of trust and support. We will always work hard to maintain that trust, and we will never take it for granted. Operator, may I now ask that we open up the call for questions. Operator: Thank you. Ladies and gentlemen, we will now begin the question and answer session. Should you have a question, please press the star followed by the number 1 on your touch tone phone. You will hear a prompt that your hand has been raised. Should you wish to decline from the polling process,, please press the star followed by the number 2. And if you are using a speaker phone, please lift the handset before pressing any keys. And we have our first question from Joshua Wolfson with RBC Capital Markets. Please go ahead. Joshua Wolfson: Yes. Thank you very much, operator. Just going back to Barnat for a moment. You talked about the 1 million tons of material that slid. Is there any way the company can quantify the volume and grade of material that would be inaccessible as a result of that slip? Well, we disclose that there is 370 thousand ounces that will not be accessible anymore. which is 60 thousand 80 thousand and 230 thousand in 2026, 2027, and 2028. Let's say the remaining ounces in the Barnat pit is approximately 300 thousand ounces. That we are going to mine. I do not know the tonnage and the grade, but I do not know grade average grade in Barnat is around 1 to 1.1. Okay. And then when you think about, maybe beyond remediation, but any potential offsets is there any way to incorporate more low grade material in the mine plan to offset some of the impact over the course of the next 3 years. And even maybe beyond that, are there other assets in the portfolio that are being maybe rethought in some way to look at offsets. Thank you. Ammar Al-Joundi: Well, maybe I will jump in there, Joshua, and thank you for the question. So clearly, we are going to be milling the low grade stockpile. So the mill is going to be busy. We are going to be able to get back into parts of that pit. But I think it is worth noting, to your point of offsetting, That pit has already produced a lot more gold than the original plan had. The team has done a really good job of looking at opportunities And, you know, based on everything you have heard, we are not only finding a lot more gold throughout the company. We are also improving our operations on a on a continuous basis. So you know, it is disappointing. We are at the very end of the mine life for that pit. The team did a did everything right. And as I tried to say on the call, we do have a long track record of, recovering from, from these operational issues when they happen. Great. Thank you very much. Dominique Girard: Thank you. Operator: We have our next question from Bennett Moore with J.P. Morgan. Bennett Moore: Good morning, Amar and team. Congrats on another strong quarter and thank you for taking my questions. Maybe a question for Guy, but I was wondering if you could unpack the drill results a bit further. They looked quite positive, the upper eastern extension and the Artemis zone. I believe this is near existing underground infra. So I am wondering if there is potential opportunity with more drilling to bring forward some of these higher grade zones in the production profile. Guy Gosselin: Yeah. Thanks for the question. To start with, in the upper eastern portion of East Gouldie, that is an area that we had identified earlier as a higher grade infer that we are kind of focusing to convert. And that area to the east, as we have discussed a few times, could offer, let's say, maybe another mining area in the upper part of the mine. So that is currently why we are kind of focusing on this specific area being, you know, closer shallower into the ore body, closer to the current infrastructure we are having. So this is why we are making a big push to, you know, bring it to reserve progressively, and we are gonna see some addition as well at year end in this area as well as in the internal zone. Ammar Al-Joundi: The internal zone are a bit more subtle. We know that there was some potential in between the Odyssey North and Odyssey South. it is just that now that we are underground with all of the access, and we can conduct more drilling and field drilling, We are starting to better understand the geometry of these zone in order to start putting additional thinking on how to approach them and mine them. But as you described, they are also fairly close to the north of the shaft, so they will provide, optionality and other mining potential mining area in the near future. And this gets exactly to the question about how do you replace things? I mean, if you know, a Malartic is sort of unique in that there is a lot of gold and as we expand the underground. and this is early, this is just us talking, so do not put it into your models yet. But you know, to the extent you have high grade, underground ore close to surface, that is accessible in shallow areas of the operation you can move more of that high grade tons into a mill and you know, if you are bringing in stuff at 5 grams and you are displacing, you know, the stockpile stuff at 0.5 grams, it does give you an awful lot of flexibility. Again, it is it is very early. But it does show you the quality of the asset and the quality of the thinking on the team's part. Bennett Moore: Thanks for that color. And then real quick on San Nicolas. it is nice to see the EIA and land use permit come in. I was wondering if you could walk us through where detailed engineering stands, if there were any contingencies tied to the approval, and how we should think about next steps in terms of permits and studies. Thank you. Natasha Nella Dominica Vaz: Thanks for the question, Ben. Yes. So really, the joint venture is very much appreciative of working with the with the Mexican authorities as they conducted a very thorough assessment of the process and ensuring that our partnership is will be committed to the responsible development, the construction of San Nicolas. That being said, it is a fairly large document. The approval process. The approval. So we are looking at understanding the terms of the approval, so that is gonna take us some time before we apply for the supplementary permit. In the meantime, though, we are continuing to advance the engineering to derisk the project. it is currently at 45% engineering. And the same time, we are continuing to accelerate the construction readiness plan, the activities associated with that. The operational readiness plan for that for the project to ensure that we have, you know, all the processes in place, ensuring that we have the resources in place before we make that decision to sanction. Thank you. Best of luck. Dominique Girard: Thank you. Operator: Our next question is from Fahad Tariq with Jefferies. Fahad Tariq: Hi, thanks for taking my question. 1 of your peers talked about increased labor costs and contractor costs in Northern Ontario and I saw in your release, there was a mention of just higher labor costs, but that is more year over year. Can you just touch on what the labor dynamics are looking like in Ontario specifically? And if you have the latest numbers on retention rates, attrition, etcetera, that would be super helpful. Thanks. Natasha Nella Dominica Vaz: Yeah. Sure. I can start that. So with Ontario, we in terms of our internal labor, we are running around a 4% year over year increase. In terms of our you know, just in general, workforce is a challenge across our operations, and so we have a focus on retention on and we have a recruitment hub, a centralized recruitment hub to ensure that we have provided the team with a detailed plan, and we on our detailed growth plan on specific personnel that we are looking for, and we are working actively to hire them internally. Of course, that being said, we do have a focus in on bringing in contractors wherever needed. In terms of our contractors, nothing major in terms of increased to our labor cost on that end. Not that I see. Ammar Al-Joundi: And I would add, and, Fahad, that is a very important question. We have here at Agnico, and we have been in these places for decades, you know, labor's gonna be a challenge over the next 10 or 15 years. And we have put a lot of effort into it. As you know, you know, we have the lowest turnover of any of our peers. We probably have half the turnover of our peers, and actually, the turnover over the last year, we have we have reduced it. But we are going beyond that. I will give you some examples. You know, with regards to getting people up there, sometimes there is no housing. So we are working on projects where we are actually building permanent homes in communities. Not just camps where people come and go after their shifts, but permanent homes in communities That will help attract people We have mentioned that, in places like Hope Bay, you know, the team has done a great job accessing not just the usual pools of people we get, but we have really put a big, big push to recruit from Western Canada, and we have had excellent results. So it is a good question. It is going to be a challenge for everyone. I think Agnico is doing a really, really good job of getting ahead of that. Okay. Great. Natasha Nella Dominica Vaz: Thank you very much. Operator: We have our next question from Richard Garchiturina with Barclays. Please go ahead. Ana: Great. Thanks. Good morning, Ammar and team, and thanks for taking my question. If I could just circle back to Canadian Malartic. You took the cash cost guidance up for the rest of this year, for the second half. Just wondering how we should think about cash costs across the portfolio to mitigate that. And then also just going forward to 2027 and 2028, does the higher cost in the second half of this year have any impact going forward? Thank you. James R. Porter: Yes. Thanks, Richard. it is James here. I will address that question. Yes, very strong cost performance in the second quarter. We did take the cost guidance at Malartic up for the second half of the year, but we are seeing you know, a much stronger US dollar than what we budgeted and guided at the start of the year. So we are getting the benefit from that. You will recall that we also guided at a $4.5 thousand gold price, so we are seeing a bit of a hit on cash cost with respect to royalties. And, you know, thirdly, with respect to buy product credits, we have more conservative assumptions on our copper and silver pricing. So those are all helping. You know, we are actually in the process of our you know, multiyear budgeting and planning process now. So it is it is premature to comment on future year costs, but you know, we obviously will see slightly higher costs at Canadian Malartic given less production through 2027 and 2028. But on an overall basis, again, we will do what we can to offset inflation through, you know, continuous improvement and other efficiency initiatives. Ana: Great. Thank you. And then as a follow-up, you maintain the target of million ounces from Malartic. The Barnat incident impact the cadence in terms of how you get there? Are you looking at some changes to the sequencing of anything at the other deposit or the other pits? How are you thinking about that bigger picture? Dominique Girard: Dominique speaking. No. It is completely different deposits. there is no impact from the wall of Barnat to the future Odyssey underground. Barnat for Marban and that pit was running out, as everybody knows. Ammar Al-Joundi: It would have run out in advance of the million ounce worth that will be in the early thirties. Great. Thank you. Dominique Girard: Thank you. Operator: We have our next question from Lawson Winder with Bank of America. Please go ahead. Lawson Winder: Thank you, operator, and good morning, Ammar and team. it is nice to hear from you all, and thanks for today's update. I guess probably where I would start would be on Detour. So in these results, you have again mentioned the potential to deliver some underground production in 2028 instead of the 2030 date in the last technical report. I guess it would be helpful to get an idea of how material that could ultimately become. But then you also mentioned an updated mine plan for 2027. What quarter in 2027 would you be anticipating putting that out? Natasha Nella Dominica Vaz: Hi, Lawson. In terms of, sorry, the first question was on the ounces. The ounces. Sorry, the ounces was yeah. For Detour Underground, when we look at it, it was we are looking at maybe 20 thousand to 30 thousand ounces. For 2028 and 2029 each year. And with respect to the update we are expecting by sometime in mid-2027, we will give an update on Detour. Underground. Okay. Thank you for that. Lawson Winder: And, James, you mentioned in your remarks to Richard's question about the multiyear budgeting planning process unfolding at the current moment. Just curious if you could give us a look at what you are seeing as a reasonable inflation assumption going into 2027? James R. Porter: Yeah. Thanks, Lawson, for the question. You know, again, it is it is pretty early. We are we are just starting to you know, we initially, we start the process, obviously, with our mine plans and then we work through the costing. Know, we are seeing CPI in Canada that is obviously gonna impact our labor and contractor costs, which is 40%-50% of our overall cost structure. So, you know, 3%-4% for labor is probably not unreasonable at this time, but we will we will see as we get closer to the end of the year. Across the rest of our input costs, the there is you know, nothing. I guess the 1 thing that really stands out is diesel. And know, we do have some of that exposure hedge for the back half of this year, but that is gonna be, I would say the biggest kind of cost pressure in 2027 from 2026. And diesel, just as a reminder, represents about 7% of our overall cost. Yep. that is very helpful. Thanks for that reminder and the color. Lawson Winder: And then can I ask on M and A? I mean, particularly given the pullback in valuations and a bit of a derating in the sector, and on the back of the closing of the Finnish acquisition and considering, I mean,, the dozens of current toehold equity positions that you guys have. How is Agnico now viewing the potential for further acquisitions? And then how do you perceive the current opportunity set? Well, I will take that, Lawson. Ammar Al-Joundi: Nice to hear from you. You know, we are looking at it the way we always do, which is you know, we have the best pipeline I think we have ever had. They are all going really well. We are going to be increasing production per share. The business is going strong. And I can tell you, you know, we are really focused on, delivering the best we can for our owners, which means and you know as well as anyone we focus on per share metrics. We have never had direction from the board to get bigger just for the sake of getting bigger. So it is our job. We get paid to look at opportunities to wisely invest our owners' money. That means in projects. That means we look at exploration. That means we do look at, M&A opportunities all the time. And our toehold investments I will just say it again, it is not to have a portfolio of assets. it is really items that we might be interested in so that we can learn more about them and when we make decisions, we make them based off of knowledge. So the our strategy with regards to M&A is same as it is always been, which is look for opportunities to create value for our owners, but it has to actually make money for our owners on a per share basis. And that is that is continuing how we look at it today. Okay. Thank you all very much. Dominique Girard: Thank you. Operator: Our next question is from Daniel Major with UBS. Please go ahead. Daniel Major: Hi. Can you hear me okay? Yes. We can. Thank you. Great. Thanks. Yes, couple of questions. So just the first 1 on San Nicolas, and I know you answered it before, but I know whether I missed it or, can you give any sort of specific milestones around the, final permitting And then the second part of the question, I mean, think I have asked this before, it feels a bit subscale, 50% of San Nicolas for both you and Teck. Is there any kind of discussions Would you take the opportunity to fully consolidate if it came around? Natasha Nella Dominica Vaz: Hi, Daniel. I will answer the first question in terms of San Nicolas. So we are still working through the understanding of, like, the terms in the in the EIA. So we will based on that, we will we will have a better understanding of what additional permits we will need. In terms of the supplementary permits, the ones I can think of off the top of my head are the construction permits, the explosives permit, Maybe we are looking at an alternate water solution or a power solution So those are some of the things that we would consider. And based on that, decision, we will then have a better timeline, a better timeline on those additional permits. Hopefully, helps. Ammar Al-Joundi: And, Daniel, you are right. I mean, for you are right. For a company the size of Agnico, you know, San Nicolas is a relatively smaller project, but it is a good project. it is it is got robust economics. it is in a part of Mexico, which is really the best part of Mexico to be mining. So strategically, it puts us in a in an area that we think has a lot of potential. With regards to would we or would we not buy it from Teck, now that falls under the category of you know, it depends on a whole bunch of factors. But you know, repeating what I just said before, our job is to look for opportunities to make money for our shareholders and everything we look at, including that, would be would be a function of, does it make economic sense for our owners. Natasha Nella Dominica Vaz: Thank you. Daniel Major: And then second question, and apologies if I missed anything, I know I was a bit late joining the call. So clashing conference calls this afternoon. On Finland, could you just give us yeah, quick summary of the next catalyst we should be thinking about? And then what is your initial assessment after closing the deal on how you think that the sort of scale or scope of the initial project will look relative to the Rupert feasibility study. Jussi Saaskilahti: Hi, Daniel. Dominique speaking. The first step is to look to the study without boundaries. So where we are gonna we should put the infrastructure with the with the known deposit that we have And we are targeting end of 27 to get you more information about that. that is the next let's say, target. Daniel Major: Okay. Thank you. And then just maybe 2 quick operational questions, if it is thinking about offsetting some of the lost ounces from Canadian Malartic 2 specific ones. Detour, sort of 7 million-plus tons throughput, is that sustainable through the second half Or it seems to be trending pretty well relative to guidance? Natasha Nella Dominica Vaz: So with Detour, in terms of the throughput, the mill throughput, we are we are still doing well. We still have a nice healthy stockpile. In terms of the grade, though, our profile at the first half of the year was scheduled to be higher and it is higher. Okay. Daniel Major: So you think throughput stays well north of 7 million tons per quarter through the second half that the grade comes off. Okay. Natasha Nella Dominica Vaz: Yeah. We are still tracking to be within our guidance. Okay. Daniel Major: And then a similar 1 on Fosterville. Again, grade was good performance in the first half relative to the guidance. Is that still expected to come down Or is there upside? Guy Gosselin: I guess we are getting more comfortable with the mining in Robbins Hill and Grains to be slightly better than expected. So it may result in something similar to Q2 moving forward, and we are gonna be looking at how to capture that if it is a trend that keeps on being there, to incorporate that in the future, So it may end up with a slightly better grade than, the original plan, but in line with what we are currently experiencing. Great. Daniel Major: Thanks a lot. Operator: Thank you. Our next question is from Tanya Jakusconek with Scotiabank. Please go ahead. Tanya Jakusconek: Great. Good morning, everybody. Thank you so much for taking my questions. The first 1 is for Dominique. Dominique, do you think that there is the potential to at Canadian Malartic to come back to that 370 thousand ounces that we have left behind and come back at it after at the end of the mine life of the open pit and access it from underground. Dominique Girard: Well, we are keeping, understanding, and, we redesigning the pit. But, Tanya, I will not put that in the in the book anywhere now that we are gonna recover them. We might see opportunities with time, the years to come. I guess, next February might have a better view, but I do not expect for now to recover those ounces. Tanya Jakusconek: Okay. Thank you for that. And then maybe circling back on just the costing side, and I know James provided some insights into the inflation labor inflation and, obviously, fuel. We have that. But, you know, we have talked a lot about this and this productivity improvements that you are seeing both, you know, mill and equipment. All else being equal, do you think that we can offset inflation with all of these optimizations? So for example, if inflation is 4% overall, do you think all of this can offset that or partially all else being equal? James R. Porter: Yeah. Tanya, it is James. I would say, I mean, we would love to be able to offset all of it. You know, that is our objective is to do as much as we can to offset inflation. If you look back over the last 3 years, though, I would say on average, inflation's probably run around 7%. And if you back out royalties, going up because of higher gold prices, I would say on average, our costs have been up 3% to 4%. So, you know, over the last 3 years, we have we have offset almost half of the inflation through continuous improvement and productivity initiatives. So that obviously would be the target going forward. Okay. Tanya Jakusconek: Thank you for that, providing at least the number for me. And then my final question is for Amar and Carol-Ann, Carol-Ann's around as well, who is just wanted to circle back to safety. And just wanted to understand if you if you have any insights that you can share from these tragic events and any lessons learned that you have implemented within, the Agnico operating system? Ammar Al-Joundi: Yeah. Carol-Ann Plummer-Theriault: Hi. Hi, Tanya. it is Carol-Ann. Certainly. So these you know, as we talked about earlier in the quarter as well, these are 3 very different accidents that happened at 3 different sites and 3 completely different regions. So for the people that are maybe a little less familiar with them, the first 1 happened in Fosterville back in December. This was underground with a cable bolter. And in this particular situation, it was a risk that was that was unrecognized by ourselves and also unrecognized by the equipment manufacturer. And, unfortunately, Francis was in the wrong place at the wrong time, and he lost his life in a pinch point that had been unrecognized. Since that time, Sandvik has been working on modification to the equipment to eliminate that risk. They have got a prototype that will be being tested at site later this later this year. And if it works well, certainly, Sandvik will be offering it out to all of the different people that currently own this machine. At Canadian Malartic, this was an accident that happened in the mill with a conveyor and this was a risk that had been very well recognized right from the beginning of the mine. And, actually, engineering controls have been put in place to prevent anybody from coming in contact with that conveyor. But, unfortunately, over the decade plus since those controls had been put in place, there had been an erosion of the controls. They were not working properly. And this ended up exposing the hazard, and the employee was able to come in contact with the conveyor, and he lost his life in April. Since that time, Canadian Malartic has made modifications in the mill to eliminate the need to do the cleaning task that operator, Francis, was doing at the time. As well as re-putting those controls back in place and making sure they are in place at all the places they need to be. And then the third incident accident happened in Upper Beaver at the shaft at the beginning of May. And again, a situation where the experienced miners had perceived a risk They had changed their work practices in order to mitigate the risk that they perceived but did not communicate well enough that they were doing this change. So the change to the work had not been properly risk assessed. And there was an unintended consequence of exposing the employee to a different risk. And, again, wrong place, wrong time when that risk came up, and Daniel lost his life. So you know, as Amar said, any fatality is unacceptable, and we are very committed to doing better. You know, these losses have been profoundly affected our teams, not just here at head office, but also at the sites, and our teams are motivated and engaged to do better. We are accelerating our works to identify and implement critical controls. To mitigate major hazards at all of our sites. We are strengthening supervision across the company as well. And we are working to reinforce the organizational behaviors that promote safe production. So all of this is a very strong action plan with a number of very detailed items that are that are being carried out across the company. And I think the important thing is that the teams are really engaged to make sure that we can eliminate fatalities and life changing accidents at our sites. Tanya Jakusconek: And implementing all of this, Carol-Ann, is it like this, can it be done quickly? Carol-Ann Plummer-Theriault: So the critical controls journey we have had, we have been working with 1 of the experts in the world, quite frankly, on that for over a year now. And their advice to us is not to try to go too quickly. We can accelerate certain aspects of it. But doing the actual work to understand which of all of the controls we have got in place are the critical ones, which are the ones that we really need to reinforce and ensure being well-managed at each individual site because every site is different. The work to do that is actually big strength of doing the critical controls work. So we are we are pushing it forward, but we are not pushing our teams to accelerate drastically because we want to do it well. And we wanna ensure that those controls are well maintained and well verified going forward. So Strengthening supervision, that is something that we have been talking about for a while. We have got a training program being rolled out in the next month or so. We have got our supervision formula, which is has been in place in many of our minds for, decades. And we are reemphasizing the training on that as well as making sure that we are not stretching our supervisors too much, making sure that we are not actually asking them to be in too many different places and unable to actually do their work well. So, again, this is this is ongoing. We are going at the pace that the sites and the resources are able to do, and we are supplementing resources to ensure that they can succeed. Tanya Jakusconek: Okay. Thank you, and good luck with all the work. Carol-Ann Plummer-Theriault: Thank you very much. Ammar Al-Joundi: Thank you, Tanya. Operator: Our next question is from Anita Soni with CIBC World Markets. Please go ahead. Anita Soni: Thank you and thank you for taking my question. I just wanted to circle back to Odyssey and the progress that you are making there. I think it is in the paste backfill plant is a little bit behind schedule, but it is not on the critical path. I just wanna understand also the shaft you completed ahead of schedule. I could read the commentary says that the last bench was taken out on July 9, and when I look back at the Q1 commentary, it supposed to be I guess, completed at the end of the year. So I am just curious. Like, is there still more to be done at the infrastructure-wise at the bottom of the shaft, and that is still on schedule for the end of the year. And then lastly, just can you give me an update on, you know, there was some commentary about progress on the main ramp being a little bit lighter than what you had previously thought because of ground control issues. Can you just give an update on that as well? Dominique Girard: Yes. Thanks, Anita. Dominique. Yeah. For the for the first shaft, we took the last bench in July. But there is still some remaining work Let's say, need to dismantle the Galloway. We need to let's say, do some infrastructure work. underground at the 11.2 thousand level also at the first loading at the level 101 and 10.1 thousand sorry. So we are we are ahead of schedule on the shaft sinking, but it does not mean that we are gonna be faster for Q2 next year for the commissioning. They are still lots of work to do. We might have a bit of contingency with those advances. But it does not change the date. We are well-positioned. On the ramp development, we have got a bit of delay, this quarter, and the team is working to catch up on that in the coming quarters. So it is going as we plan almost for the development. And from the first stope that we have mined, we are learning from them and improving our practices We still have 6 to come, this year. So far, so good. Then, sorry, you are targeting 2,000 meters, I think it is. Per month? On the development. Was that the target? And where are you at right now? Well, we are around 1.8 thousand right now in the target for Q4 is 2,000. 2,000 per month. Okay. Alright. Thank you very much. Operator: Thank you. There are no further questions in the queue at this time. I will now turn the call over to Ammar Al-Joundi for closing remarks. Ammar Al-Joundi: Thank you, operator, and thank you once again, everyone, for joining the call. And for those of you who get to enjoy the long weekend, have a fabulous weekend. Thank you. Operator: Thank you. Ladies and gentlemen, this concludes today's conference. We thank you for your participation. You may now disconnect. Before you buy stock in Agnico Eagle Mines, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Agnico Eagle Mines wasn’t one of them. The 10 stocks that made the cut are built for long-term growth and could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $397,405!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,344,091!* That performance is why people listen. With a track record of beating the S&P 500 by 4x, Stock Advisor offers a distinct advantage. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built for the long haul. See the 10 stocks » *Stock Advisor returns as of August 7, 2026. This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Agnico Eagle Mines (AEM) Q2 2026 Earnings Call Transcript was originally published by The Motley Fool

Royal Gold, Inc. RGLD reported adjusted earnings of $2.56 per share for the second quarter of 2026, up 41.4% from $1.81 a year ago. The figure missed the Zacks Consensus Estimate of $2.62 by 2.29%.Including one-time items, the company reported earnings of $2.78 compared with the prior-year quarter’s $2.01. Royal Gold, Inc. price-consensus-eps-surprise-chart | Royal Gold, Inc. Quote Revenues surged 114.9% year over year to $450.5 million, aided by higher metal prices, new contributions from Kansanshi and the Sandstorm/Horizon assets, and stronger gold sales at Andacollo and Rainy River. Sales volume rose 56.5% to 100,000 gold-equivalent ounces, or GEOs.Stream revenues were $311 million and royalty revenues were $140 million in the June-end quarter. Stream revenues increased 133% year over year, while royalty revenues rose 83%. Streams accounted for 69% of the total revenues and royalties represented 31%.Average metal prices increased 37% for gold, 117% for silver and 40% for copper. The company’s cost of sales was $60 million in the second quarter compared with the prior-year quarter’s $24 million. General and administrative expenses amounted to $13 million compared with $10 million a year ago.Adjusted EBITDA was $376 million in the reported quarter, skyrocketing 114% year over year. The adjusted EBITDA margin was 83% compared with the prior-year quarter’s 84%. Net cash provided by operating activities was a record $335.2 million in the second quarter compared with $152.8 million in the prior-year quarter. The increase was driven primarily by higher stream and royalty revenues, partly offset by higher income-tax payments, G&A costs and interest payments. Royal Gold ended the quarter with cash and cash equivalents of $182.5 million compared with $233.7 million at the end of 2025. The company expects 2026 gold and silver sales to remain within the previously issued 290,000-320,000 ounces and 3-3.5 million ounces, respectively. Copper and other metals sales are trending around or above the top ends of their respective guidance of 21-25 million pounds and $34-$38 million.Mount Milligan remained on track for the 2026 guidance of 140,000-155,000 ounces of gold and 50-60 million pounds of copper. Greenstone continued ramping up, with higher quarter-over-quarter production expected for the balance of 2026.At Platreef, Phase 1 commercial production is expected in the fourth quarter of 2026, while the Phase 2 concentrator remains on schedule for completion in the fourth quarter of 2027. Hod Maden construction continued after the transition to Lidya operatorship, with Royal Gold retaining a 15% joint-venture interest and a new effective 2.5% NSR royalty. In the past year, shares of Royal Gold have gained 33.1% compared with the industry’s growth of 42.7%. Image Source: Zacks Investment Research The company currently has a Zacks Rank #5 (Strong Sell).You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here. Kinross Gold Corporation KGC reported adjusted earnings of 71 cents per share for the second quarter of 2026, surging 61.4% from 44 cents in the year-ago quarter. The bottom line beat the Zacks Consensus Estimate of 66 cents by 7.6%. Kinross Gold’s revenues increased 29.5% year over year to $2.2 billion but missed the consensus estimate of $2.3 billion by 2%. Agnico Eagle Mines Limited AEM posted second-quarter 2026 earnings were $3.05 per share, up 57.2% from $1.94 a year ago. The figure surpassed the Zacks Consensus Estimate of $2.89. Agnico Eagle Mines generated revenues of $3,802.8 million, up 35% year over year. The top line missed the Zacks Consensus Estimate of $3,863.2 million.Newmont Corporation NEM reported second-quarter 2026 adjusted earnings of $2.10 per share, up 46.9% from $1.43 in the prior-year quarter. The figure topped the Zacks Consensus Estimate of $2.05.  Newmont’s revenues for the second quarter were $6.12 billion, up 15.1% from the prior-year quarter. The figure missed the Zacks Consensus Estimate of $6.35 billion. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Royal Gold, Inc. (RGLD) : Free Stock Analysis Report Newmont Corporation (NEM) : Free Stock Analysis Report Kinross Gold Corporation (KGC) : Free Stock Analysis Report Agnico Eagle Mines Limited (AEM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

B2Gold Corp. BTG reported adjusted earnings of 3 cents per share for the second quarter of 2026, missing the Zacks Consensus Estimate of 7 cents by 57.14%. The bottom line fell 75% from 12 cents in the year-ago quarter. Adjusted earnings included $71 million of realized losses on the company’s gold collars.Including one-time items, the company reported earnings of 31 cents compared with 12 cents in the prior-year quarter.B2Gold’s Q2 Production Dip Y/Y B2Gold generated revenues of $789 million in the second quarter of 2026, reflecting a year-over-year increase of 14%. The upside was supported by higher realized gold prices, with the average realized gold price rising to $3,767 per ounce from $3,290 in the prior-year quarter, partly offset by a slight decline in gold ounces sold to 209,537 from 210,384. B2Gold Corp price-consensus-eps-surprise-chart | B2Gold Corp Quote In the June-end quarter, B2Gold recorded consolidated gold production of 203,648 ounces, down 11.2% year over year.Fekola produced 116,281 ounces, down 8% year over year, but exceeded the company’s expectations on higher mill throughput and feed grade. Masbate produced 51,039 ounces, up 0.6%, helped by higher-than-expected throughput and recoveries. Otjikoto produced 23,438 ounces, down 54.6% year over year but above expectations on stronger underground ore grades. Goose produced 12,890 ounces as the April crushing-circuit fire constrained mill throughput. The company reported consolidated cash operating costs of $1,201 per ounce produced in the reported quarter, surging 61.2% year over year. Consolidated all-in sustaining costs of $2,356 per ounce sold increased 55.1% from the prior-year quarter.For the April-June quarter, total cost of sales was $481 million, up 41.2% year over year. Gross profit declined 12.3% year over year to $308 million. The gross margin contracted to 39.1% in the reported quarter from the prior-year quarter’s 50.8%.Operating income in the reported quarter was $521.5 million compared with $329.5 million in the prior-year quarter. BTG’s cash and cash equivalents were $287 million at June 30, 2026, compared with $380 million at the end of 2025. The company generated $461 million in cash from operating activities in the first six months of 2026 compared with $434 million in the prior-year period. Its long-term debt was $423 million at June 30, 2026, down from $564 million at the end of 2025.The company repurchased 19 million shares for $92 million during the quarter and completed the $325-million cash sale of its 70% interest in Fingold Ventures.BTG also completed delivery of all 264,768 ounces under its Gold Prepay contracts. The company expects future gold sales at spot prices and anticipates improved free cash flow in the second half of 2026. The company expects 2026 consolidated gold production of 820,000-920,000 ounces, narrowing from the prior mentioned 820,000-970,000 ounces. Cash operating cost guidance remains $1,155-$1,280 per ounce produced, while all-in sustaining cost guidance improved to $2,370-$2,550 per ounce sold from $2,400-$2,580.The Fekola Complex guidance was reduced to 390,000-420,000 ounces from 410,000-460,000 because of delays in the Menankoto exploitation permit. The Masbate guidance increased to 180,000-200,000 ounces from the prior 170,000-190,000 ounces, and the Otjikoto guidance rose to 80,000-100,000 from the previously announced 70,000-190,000 ounces. The Goose guidance was narrowed to 170,000-200,000 ounces from the prior 170,000-230,000 ounces. B2Gold announced that all required steps to finalize approval of the Menankoto exploitation permit have been completed, with the permit awaiting approval by Mali’s Council of Ministers. Once received, mining pre-stripping can begin, and Fekola Regional is expected to ramp through 2027 and produce more than 150,000 ounces annually from 2028 through the mid-2030s.At the Goose mine, crushing-circuit repairs remain on track for completion in the third quarter of 2026. Phase-one upgrades are expected to support average crushing capacity of about 3,200 tonnes per day by the quarter-end, with phase two targeted to lift capacity to 4,000 tonnes per day by the end of the first half of 2027. The company’s shares have jumped 8.8% in the past year compared with the industry’s return of 42.7%. Image Source: Zacks Investment Research You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Kinross Gold Corporation KGC reported adjusted earnings of 71 cents per share for the second quarter of 2026, up 61.4% from 44 cents in the year-ago quarter. The bottom line beat the Zacks Consensus Estimate of 66 cents by 7.6%.Kinross Gold’s revenues increased 29.5% year over year to $2.2 billion but missed the consensus estimate of $2.3 billion by 2%.Agnico Eagle Mines Limited AEM reported second quarter 2026 earnings were $3.05 per share, up 57.2% from $1.94 a year ago. The figure surpassed the Zacks Consensus Estimate of $2.89.Agnico Eagle Mines generated revenues of $3,802.8 million, up 35% year over year. The top line missed the Zacks Consensus Estimate of $3,863.2 million.Newmont Corporation NEM reported second-quarter 2026 adjusted earnings of $2.10 per share, up 46.9% from $1.43 in the prior-year quarter. The figure topped the Zacks Consensus Estimate of $2.05.  Newmont’s revenues for the second quarter were $6.12 billion, up 15.1% from the prior-year quarter. The figure missed the Zacks Consensus Estimate of $6.35 billion. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report B2Gold Corp (BTG) : Free Stock Analysis Report Newmont Corporation (NEM) : Free Stock Analysis Report Kinross Gold Corporation (KGC) : Free Stock Analysis Report Agnico Eagle Mines Limited (AEM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Achieved the strongest six-month performance in company history, with Q2 cash flow per share increasing 42% year-over-year due to high-margin top-line exposure to rising gold and silver prices. Resolved all outstanding disputes with Steppe Gold through a settlement that secured guaranteed fixed gold deliveries over 10 years and long-term exposure to the ATO mine. Acquired a $440 million gold stream on the Ravenswood Gold Mine, a cornerstone asset providing immediate cash flow from a large-scale, low-cost operation in Australia. Attributed organic growth momentum to significant partner milestones, including Agnico Eagle's positive construction decision at Hope Bay and ramping production at Northparkes. Maintained a disciplined capital allocation strategy by increasing the annual dividend for the fifth consecutive year and opportunistically repurchasing $20 million in shares. Leveraged a robust balance sheet with $1.1 billion in liquidity to fund major acquisitions while maintaining the capacity for rapid debt repayment during 2027. Increased 2026 guidance to 100,000–110,000 GEOs and raised the 2030 outlook to 150,000–160,000 GEOs based on new acquisitions and a derisked development pipeline. Expects Ravenswood to ramp up toward an annual production rate of over 200,000 ounces by 2028 as capital projects open new pits. Anticipates first production from the Hope Bay project in 2030, with significant long-term upside from regional exploration across an 80-kilometer greenstone belt. Assumes rapid repayment of the revolving credit facility during 2027 based on current metal prices and strong operating cash flow generation. Projects further organic growth beyond 2030 driven by world-class assets including Arthur, Kemess, and potential mill expansions at Northparkes. Managed the anticipated step-down in the Cerro Lindo silver stream, which management views as a sign of success as the asset remains a top portfolio contributor. Reported lower G&A and tax figures for the quarter primarily due to mark-to-market impacts from share price fluctuations on equity-based compensation and prepays. Retains the right, but not the obligation, to fund the Prieska stream, with a potential investment decision expected in 2027 focused on the 'deeps' zone. Identified potential for Phase 2 and Phase 3 expansions at Tres Quebradas that could double or triple production beyond current investment case assumptions. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management highlighted that Evolution is studying a mill expansion to at least 10 million tonnes per annum, which is the optimal path to unlock the 625 million tonne resource. The E44 study is described as a straightforward open-pit project, with the primary focal point being the scale of the mill expansion results expected next year. The pipeline remains robust with a typical transaction range of $100 million to $500 million, though some larger opportunities are being evaluated. While predominantly focused on gold and silver in stable jurisdictions, management remains open to opportunistic non-precious metal investments like Tres Quebradas. Management clarified that the low Q2 G&A was an anomaly caused by share price mark-to-market impacts; the sustainable quarterly run rate is $7 million to $8 million. Tax recoveries were also linked to share price decreases and mark-to-market on prepays, while cash taxes remain consistent.

Interested in Agnico Eagle Mines Limited? Here are five stocks we like better. Record second-quarter performance: Agnico Eagle produced 856,000 ounces of gold and generated more than $1.3 billion in free cash flow, while cash costs and all-in sustaining costs remained below guidance midpoints. Shareholder returns and balance sheet strengthened: The company returned $625 million to shareholders, including $400 million in buybacks, and ended the quarter with approximately $3.3 billion in net cash. Barnat Pit movement affects near-term output: Agnico Eagle maintained its 2026 production guidance of 3.3 million to 3.5 million ounces but expects results toward the low end after approximately 370,000 ounces became inaccessible; mining is targeted to resume in the fourth quarter. Why Gold Miners Could Be the Market's Biggest Comeback Story Agnico Eagle Mines (NYSE:AEM) reported record free cash flow and shareholder returns in the second quarter of 2026, while maintaining its full-year production outlook despite a rock movement at the Barnat Pit at Canadian Malartic. President and CEO Ammar Al-Joundi said the company produced 856,000 ounces of gold during the quarter, exceeding budget for the second consecutive quarter. Cash costs and all-in sustaining costs remained within guidance, despite higher energy prices during the period. → Why SK hynix Could Be the Best AI Chip Stock to Buy Now Gold Is Testing Its 200-Day SMA—These 3 Mining Stocks Are the Play Chief Financial Officer Jamie Porter said strong operating performance, cost management and the gold-price environment drove quarterly free cash flow of more than $1.3 billion. Adjusted net income was approximately $1.5 billion, or $3.07 per share, while adjusted EBITDA totaled about $2.7 billion. Total cash costs were $1,054 per ounce and all-in sustaining costs were $1,459 per ounce, both lower than in the first quarter and below the midpoint of the company’s guidance ranges, Porter said. → Microsoft Just Flipped the AI Spending Narrative Overnight 3 Contrarian "Buy the Dip" Picks—and One Area to Avoid Agnico Eagle returned $625 million to shareholders during the second quarter through dividends and $400 million in share repurchases. During the first half, the company returned about 48% of free cash flow to shareholders, exceeding its original target of approximately 40%. The company generated about $3.5 billion of operating cash flow in the first half. It allocated nearly 40% of that amount to sustaining capital and growth investments, including more than $800 million in capital expenditures and capitalized exploration during the second quarter. Another 15% supported acquisitions in Finland, while the remaining 15% was used to strengthen the balance sheet, according to Porter. → Carrier Earnings Could Send the Stock to a New All-Time High Cash on hand reached a record $3.5 billion, and the company’s net cash position increased to approximately $3.3 billion at quarter-end. Fitch Ratings upgraded Agnico Eagle’s long-term issuer default rating to A- from BBB+ in April. Porter said the company monetized part of its equity investment portfolio during the quarter, providing additional flexibility for buybacks. He added that Agnico Eagle sees capacity to continue repurchasing shares while funding growth projects and maintaining its balance sheet. On July 1, a rock movement occurred in the wall of the Barnat Pit at Canadian Malartic. Al-Joundi said monitoring systems allowed the company to act quickly to protect personnel and equipment. No change was made to the company’s 2026 production guidance of 3.3 million to 3.5 million ounces, although production is now expected toward the lower end of that range. Dominique Girard, executive vice president and chief operating officer for Nunavut, Quebec and Europe, said approximately 1 million tons of material that moved from the wall will remain in place. The company plans to build safety berms ranging from 15 meters to 25 meters high and establish additional access to resume mining in the pit. Mitigation work is expected to occur in the third quarter, with mining expected to resume in the fourth quarter. During the question-and-answer session, Executive Vice President of Exploration Guy Gosselin said approximately 370,000 ounces are no longer expected to be accessible, including about 60,000 ounces in 2026 and 115,000 ounces in each of 2027 and 2028. Al-Joundi said the company will process low-grade stockpiles and continue seeking opportunities elsewhere in its portfolio. Management said the Barnat event does not affect the company’s longer-term plan to grow Canadian Malartic toward annual production of 1 million ounces in the early 2030s. Management highlighted records across several operations. Macassa recorded skipped tons and mill throughput records, while Detour Lake set records for total mine tons and daily mill throughput. Meliadine and Kittilä also posted record mill throughput. At Detour, the company is advancing an underground project intended to support the operation’s path toward 1 million ounces of annual production. The exploration ramp has advanced more than 1,000 meters and reached a depth of 180 meters. Management said potential underground production could begin as early as 2028, with an estimated 20,000 to 30,000 ounces in both 2028 and 2029. At Canadian Malartic’s Odyssey underground operation, the first phase of shaft sinking was completed about three months ahead of schedule, reaching roughly 1.6 kilometers underground. Commissioning of the production shaft remains planned for the second quarter of 2027. The company also extracted its first two stopes and expects to mine four additional stopes by the end of 2026. At Hope Bay, Agnico Eagle approved construction in May after completing detailed engineering. Girard said engineering is more than 70% complete, logistics are ahead of schedule and the first vessel carrying materials was expected to depart for the site shortly after the call. The company has said Hope Bay is expected to produce 400,000 to 450,000 ounces annually over decades. The company also received approvals for change of land use and an environmental impact assessment at the San Nicolás joint venture in Mexico. Natasha Vaz, executive vice president and chief operating officer for Ontario, Australia and Mexico, said the project is at about 45% engineering and the joint venture is reviewing the terms of the approvals before pursuing supplementary permits. Agnico Eagle completed acquisitions involving Rupert Resources, Aurion Resources and the Fingold joint venture, creating a land package of about 2,500 square kilometers in Finland’s Lapland Greenstone Belt. Jani Lösönen, vice president of Europe, said the company aims to build a Finnish platform capable of producing more than 500,000 ounces annually by optimizing Kittilä, advancing the Ikkari Project and expanding exploration. The company expects optimization work at Ikkari, including an unconstrained open-pit scenario, to be completed by the end of 2027. Exploration drilling near Ikkari is scheduled to increase to five rigs by year-end. Across the portfolio, Agnico Eagle completed nearly 400 kilometers of diamond drilling during the second quarter and 760,000 meters year-to-date. Gosselin said the company remains on track toward its 1.4 million-meter drilling budget for 2026. Al-Joundi also addressed the death of Daniel Giroux, who died in a workplace incident on May 1. He said the company has recorded 23 fatalities since beginning operations in 1957, including three in the past year. Carol Plummer, executive vice president of sustainability, said the three recent fatal incidents occurred under different circumstances at separate sites. The company is accelerating work to identify and reinforce critical controls for major hazards, strengthening supervision and reinforcing safety-focused operating behaviors. “Any fatality is unacceptable,” Al-Joundi said, adding that worker and community safety remains the company’s top responsibility. Agnico Eagle Mines Limited (NYSE: AEM) is a Canadian-based senior gold producer headquartered in Toronto, Ontario. The company is principally engaged in the exploration, development, production and reclamation of gold-bearing properties. Agnico Eagle pursues both greenfield and brownfield exploration to expand its resource base and operates a portfolio of producing mines and development projects to generate long-life gold production. Its core business activities span the full mining lifecycle: grassroots and advanced-stage exploration, prefeasibility and feasibility studies, mine construction, underground and open-pit mining, ore processing and metal recovery, and post-mining reclamation and closure. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Agnico Eagle Mines Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.