Agnico Eagle Mines Limited cash flow statement AEM

Annual Quarterly

In fiscal 2025, which ended Dec 31, 2025, Agnico Eagle Mines Limited generated $6.8 billion of cash from operations, up 72.1% from the year before. It spent $2.4 billion on capital expenditures. That left free cash flow of $4.4 billion. The company returned $728.1 million in dividends and $682.9 million in share buybacks to shareholders.

USD in millions, except per-share amounts and ratios. The percent under a figure is the change from the year before.

Line	FY 2025 Dec 31, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019	FY 2018 Dec 31, 2018	FY 2017 Dec 31, 2017	FY 2010 Dec 31, 2010
Operating
Depreciation and amortization	—	—	—	—	—	—	—	—	—	192 +165.6%
Stock-based compensation	—	—	—	—	—	—	—	—	—	46 +58.8%
Operating cash flow	6,817 +72.1%	3,961 +52.3%	2,602 +24.1%	2,097 +55.8%	1,345 +12.9%	1,192 +35.2%	882 +45.6%	606 -21.1%	768	483 +320.0%
Investing
Capital expenditures	2,418 +33.0%	1,818 +9.9%	1,654 +7.5%	1,538 +71.5%	897 +18.1%	759 -14.0%	883 -19.0%	1,089 +24.6%	874	—
Investing cash flow	-2,598 -29.5%	-2,007 +27.3%	-2,761 -288.6%	-710 +43.8%	-1,264 -56.3%	-809 +7.4%	-874 +27.4%	-1,204 -20.4%	-1,000	-523 +10.9%
Financing
Debt issued	—	—	—	—	—	—	220 -26.7%	300 +7.1%	280	—
Debt repaid	—	—	—	—	—	—	220 -26.7%	300 -26.9%	410	—
Dividends paid	728 +8.4%	672 +5.2%	639 +5.0%	608 +121.1%	275 +44.6%	190 +80.5%	105 +25.5%	84 +10.4%	76	27 -1.1%
Stock buybacks	683 +303.2%	169 +260.3%	47 -57.3%	110 +217.7%	35 -12.7%	40 +60.6%	25 -17.9%	30 +21.8%	25	—
Financing cash flow	-2,287 -68.6%	-1,356 -727.2%	-164 +82.1%	-915 -207.8%	-297 +1.8%	-303 -2954.1%	11 -96.1%	274 -16.7%	329	-22 -103.9%
Change in cash
Effect of exchange rate	8 +182.2%	-10 -401.8%	3 +111.5%	2 +288.3%	-1 -482.9%	0 -87.3%	2 +125.3%	-7 -78.1%	-4	—
Net change in cash	1,940 +230.0%	588 +283.7%	-320 -167.7%	473 +318.2%	-217 -368.8%	81 +301.7%	20 +106.1%	-331 -456.1%	93	—
Free cash flow	4,399 +105.3%	2,143 +126.2%	947 +69.7%	558 +24.6%	448 +3.6%	433 +44617.7%	-1 +99.8%	-483 -353.5%	-107	—
Per share
Free cash flow per share	8.74 +104.2%	4.28 +121.2%	1.93 +51.9%	1.27 -30.5%	1.83 +2.9%	1.78 +43730.9%	-0.00 +99.8%	-2.07 -352.0%	-0.46	—
Dividend per share	—	—	—	—	—	—	—	—	—	0.64 +255.6%
Shareholder returns
Returned to shareholders	1,411	841	686	718	310	230	130	114	101	27
Share of free cash flow	32.08%	39.25%	72.37%	128.63%	69.10%	53.12%	—	—	—	—
Ratios
Free cash flow margin	37.03%	25.86%	14.29%	9.72%	11.59%	13.79%	-0.04%	-22.05%	-4.75%	—
Capital expenditures to revenue	20.35%	21.94%	24.96%	26.79%	23.19%	24.20%	35.35%	49.68%	38.98%	—
Cash conversion	1.53x	2.09x	1.34x	3.13x	2.39x	2.33x	1.86x	—	3.19x	1.46x

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and ratios. Capital expenditures, debt repaid, dividends, and buybacks are positive amounts. Investing and financing cash flow keep the filing sign, so an outflow is negative. Free cash flow is operating cash flow minus capital expenditures. Returned to shareholders is dividends plus buybacks. Free cash flow margin, capital expenditures, and stock-based compensation are divided by revenue. Cash conversion is operating cash flow divided by net income. More on our methodology.

Company profile

Industry: Gold and Silver Ores (SIC 1040)
Listed as: AEM (NYSE), AEMRF (OTC)
Fiscal year ends: December 31
Incorporated in: Ontario, Canada
Headquarters: Toronto, Ontario, Canada
SEC filer status: Large Accelerated
SEC CIK: 2809

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.