“In 2025, as gold prices hit new highs throughout the year, Agnico Eagle delivered on our production targets. We delivered on our costs, and we did it responsibly and reliably. [..] 2025 was an exceptional year, and our near-term prospects look even better. But the real story this morning — the real excitement — is not in looking back, or even the next three years. The real excitement this morning is that Agnico Eagle is in the best position we’ve ever been in and we’re already aggressively advancing our next phase of growth and growth per share.”
That’s Agnico Eagle’s CEO, Ammar Al-Joundi, and he sounds like a man who just found the golden ticket. Or, more accurately, a blank cheque. Have you ever seen that 90s movie Blank Check? It’s a classic. This kid gets his bike run over by a criminal, who panics and hands him a signed blank cheque to make him go away.
The kid—being a legend—fills it out for one million dollars, goes on a massive spending spree, buys a castle, a limo, and even tries to “wheel” an FBI agent twice his age.You have to love the hustle. But that specific moment in the movie—where the kid realizes he basically has a money-printing machine and can do whatever he wants?
That is exactly where Agnico Eagle (TSX: AEM) is sitting right now.
They aren’t just hitting targets; they are realizing that in this gold environment, they’ve been handed the keys to the kingdom. But as we know from the movie, once you start spending like a king, people start asking questions about what comes next.
Let’s 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.
