Similar companies
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 2.16B | 3.8% |
| Gross Profit | 911M | 4.7% |
| Cost of Revenue | 1.24B | 3.2% |
| Operating expense | 49M | 22% |
| Net Income | 567M | 20.1% |
| EBITDA | 1.27B | 6.9% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 29.8B | 1.8% |
| Total Liabilities | 9.31B | 0.2% |
| Total Equity | 20.5B | 2.6% |
| Shares Outstanding | 502M | 0.3% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 1.08B | 13% |
| Cash from financing | -496M | 260.2% |
EPS
Financial Highlights for Agnico Eagle Mines in Q3 '24
Agnico Eagle Mines reported a revenue of 2.16B, which is a 3.8% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 911M, marking a 4.7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 1.24B, a 3.2% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 49M, showing a -22% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 567M, showing a 20.1% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 1.27B, showing a 6.9% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Agnico Eagle Mines with growth in revenue, gross profit, and net income.
