Agnico Q2 Earnings: Record Free Cash Flow Puts Them In Net Cash Position

There’s two names out there vying for the top spot in terms of market cap within the gold sector. While one is focused on producing the most ounces, the other is seemingly more focused on the quality of execution.

But at the end of the day, those separate approaches don’t really matter, considering both names blew analyst estimates out of the water in the second quarter amid record high gold prices. Newmont was the first to do it, and then it was Agnico Eagle’s (TSX: AEM) turn. And boy, did they rise to that challenge.

Lets dive in.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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