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Agnico Eagle Mines Ltd

www: www.agnico-eagle.com   email: info@agnico-eagle.com
Category: Major
Rating:
Upside Downside Quality
2.5 3.5 A
Risk: Some View History

Rating History

Date Category Rating Risk
Upside Downside Quality
03/27/2026 Major 2.5 3.5ASome
Current Major 2.5 3.5ASome
Profile
Notes
Forum
Your Data



Waiting for

TradingView Chart

Price Data

Symbol Traded Checked Price
NYSE:AEM 09/28/2026 09/28/2026 USD 185.41
TSE:AEM 09/28/2026 09/28/2026 CAD 262.6300

Performance

+/-
since 		1 Day Last Friday 4 Weeks
% % %
3 Months 6 Months 1 Year
17.92% 17.92% 13.44%

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Scorecard   (1 Star = Poor, 5 Stars = Excellent)

Category Don's Site Average Yours Category
Balance Sheet Balance Sheet
Costs (Exp/Dev/Prod) Costs (Exp/Dev/Prod)
Exploration Potential Exploration Potential
Management/Execution Management/Execution
Ownership/Hedging Ownership/Hedging
Project Locations/Taxes Project Locations/Taxes
Properties/Projects/Pipeline Properties/Projects/Pipeline
Share Structure/Dilution Share Structure/Dilution
Risk (1 = High, 5 = Low) Risk (1 = High, 5 = Low)
Upside Potential Upside Potential
13 Ratings

Your Summary (edit)

Stock Summary (from last analysis - 03/27/2026)

Agnico Eagle Mines is major, producing about 3.4M oz a year. It's a solid company with about 54 million oz of gold reserves and about 97 million oz of M&I gold resources. Growth will be steady, but nothing to get excited about. They are one of the better majors and will likely perform well as gold prices rise. The key will be how high the gold price goes and what type of multiple they receive for their free cash flow. I would not be surprised if it is more than we expect and likely above 25. Currently, they are valued at around 12x FCF, with an FD market cap of $97 billion.

This is a strong company with about $2.8 billion in cash, moderate cash costs (around $950 per oz), and huge free cash flow (around $2 billion per Qtr at $4.5K gold). The only red flags for this stock is their low upside potential of only a 3-bagger at $7,000 gold.

When will they increase their dividend? It's currently only 1%, at 45 cents per Qtr. Announced 25M shares buyback. That is 5% of shares outstanding.

In 2023, they acquired the large Canadian Malartic mine from Yamana. This is a low-cost gold mine in Ontario with cash costs under $700 per oz. They now have 11 operating mines and like to grow via acquisition. They are likely not done growing.

One thing I like about them is that they have very little exposure to base metals. About 97% of revenue comes from gold. Plus, the location of their mines are in good locations (Canada, Finland, Australia, and Mexico).

They have a 50% JV (San Nicolas) in Mexico. Agnico-Tech Resources plan to submit their environmental permit this year and complete the feasibility in 2024. It's a very advanced project. It has a $1B capex, so that is a lot of jobs. This will be an interesting one to follow. Will it get permitted?

Their Hope Bay project (acquired from TMAC Resources) has 7M oz and growing in size. It has a permitted 2000 tpd mill. They want to expand it to 4000 tpd. At $3000 gold. This project makes sense. It should add at least 300K oz/year and likely 400K oz/year.

In 2024, they acquired O3 Mining and their 3M oz Marban project in Ontario. It has a feasibility study and is close to being construction-ready. Marban will add 150K oz/year, and perhaps more.

They have a strong pipeline for growth:

Canadian Malartic
Detour Lake
Marban
Beaver
Hope Bay
Hammond Reef
San Nicholas
Collective Mining (they own 15%). They are sharks. Expect more acquisitions.

2025 Q3 results. $1.2B FCF. $2.2B cash balance. $200M debt. Current FCF runrate is around $6.8B. Current FCF multiple is a 12, and should be at least 20. $1B in share buybacks in 2025. Debt will be gone next Qtr. Dividend and buybacks will be increasing in 2026. Up 5% to $161. My price target is $500.


DD

General Details

Financial 03/27/2026
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
MCap (FD): $97,667.00M $94,744.51M 07/29/2026 $-2,922.49M
MCap (OS): $97,241.82M $94,106.88M 07/29/2026 $-3,134.93M
Total Assets: $3,447.00M $3,447.00M 03/27/2026 $0.00M
Total Liabilities: $9,730.00M $9,730.00M 03/27/2026 $0.00M
Current Assets: $2,800.00M $3,500.00M 07/29/2026 $700.00M
Current Liabilities: $1,500.00M $1,500.00M 03/27/2026 $0.00M
Total Debt: $200.00M $200.00M 03/27/2026 $0.00M
Cash: $2,801.00M $3,501.00M 07/29/2026 $700.00M
Debt (Net): $-2,601.00M $-3,301.00M $-700.00M
Enterprise Value: $95,066.00M $91,443.51M $-3,622.49M
Cash Flow: $7,799.94M $6,017.19M never $-1,782.75M
Cash Flow Multiple: 12.52 15.75 never 3.22
Net Debt to
Cash Flow Ratio:		 n/a n/a never 0.00
Finance within 1 year: 03/27/2026 n/a
Misc 03/27/2026
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Shares Outstanding: 502,801,535 507,560,998 07/29/2026 4,759,463
Shares (FD): 505,000,000 511,000,000 07/29/2026 6,000,000
Insider Ownership: n/a n/a 03/27/2026 n/a
Dividend (Annual): 0.93% 0.97% 07/29/2026 0.04
Company Type: Mostly Gold Mostly Gold never n/a
Group: Producer Producer never n/a
Production ETA: n/a n/a 03/27/2026 n/a
Production (Gold Eq Oz.): (guess) 
3,400,000		 (guess) 
3,300,000		 07/02/2026 -100,000
Production (Silver Eq Oz.): (guess) 
218,753,615		 (guess) 
222,740,007		 07/02/2026 3,986,392
Development Phase: Producer (Multiple Mines) Producer (Multiple Mines) 03/27/2026 n/a
Optionality Play: none No
F
U
T
U
R
E		 % of Spot: 40
High Quality
 40
High Quality
 03/27/2026 0
Cash Flow Multiple: 25 25 03/27/2026 0.00

Resource Data

GOLD 03/27/2026
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: 54.00M 54.00M 03/27/2026 0.00M
Measured & Indicated: 97.00M 97.00M 03/27/2026 0.00M
Inferred: 36.00M 36.00M 03/27/2026 0.00M
Reserves & Resources: 133.00M 133.00M never 0.00M
P
L
A
U
S
I
B
L
E		 Proven & Probable: 48.60M 48.60M 03/27/2026 0.00M
Measured & Indicated: 79.56M 79.56M 03/27/2026 0.00M
Inferred: 16.20M 16.20M 03/27/2026 0.00M
Reserves & Resources: 95.76M 95.76M never 0.00M
C
U
R
R
E
N
T		 Annual Production: (guess) 
3,400,000oz.		 (guess) 
3,300,000oz.		 07/02/2026 -100,000oz.
Cash Cost: $1,300 $1,400 04/30/2026 $100.00
Extra Operating Cost: $900 $900 03/27/2026 $0.00
Total: $2,200 $2,300 04/30/2026 $100.00
Margin (Free Cash Flow): $2,294 (51%) $1,823 (44%) $-470.71
MCap / Production (AuEq): $28,725.59 $28,710.46 $-15.13
EV / Production (AuEq): $27,960.59 $27,710.15 $-250.43
G
R
A
D
E		 Underground (Avg): 15.00 g/t 15.00 g/t 03/27/2026 n/a
Open Pit (Avg): n/a 1.00 g/t 03/27/2026 n/a
Recovery Rate: (CG)  90.00% (CG)  90.00% 07/02/2026 0.00%
F
U
T
U
R
E		 Proven & Probable: 80.00M 80.00M 03/27/2026 0.00M
Annual Production: 3,800,000oz. 3,800,000oz. 03/27/2026 0oz.
Cash Cost: $1,500 $1,600 04/30/2026 $100
Extra Operating Cost: $900 $900 03/27/2026 $0
SILVER 03/27/2026
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: n/a n/a 03/27/2026 0.00M
Measured & Indicated: n/a n/a 03/27/2026 0.00M
Inferred: n/a n/a 03/27/2026 0.00M
Reserves & Resources: n/a n/a never 0.00M
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 03/27/2026 0.00M
Measured & Indicated: n/a n/a 03/27/2026 0.00M
Inferred: n/a n/a 03/27/2026 0.00M
Reserves & Resources: n/a n/a never 0.00M
C
U
R
R
E
N
T		 Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 03/27/2026 $0.00
Extra Operating Cost: n/a n/a 03/27/2026 $0.00
Total: n/a n/a 03/27/2026 $0.00
Margin (Free Cash Flow): n/a $0.00
MCap / Production (AgEq): $446.47 $425.36 $-21.11
EV / Production (AgEq): $434.58 $410.54 $-24.04
G
R
A
D
E		 Underground (Avg): n/a n/a 03/27/2026 n/a
Open Pit (Avg): n/a n/a 03/27/2026 n/a
Recovery Rate: n/a n/a 03/27/2026 0.00%
F
U
T
U
R
E		 Proven & Probable: n/a n/a 03/27/2026 0.00M
Annual Production: n/a n/a 03/27/2026 n/a
Cash Cost: n/a n/a 03/27/2026 n/a
Extra Operating Cost: n/a n/a 03/27/2026 n/a

Property

Last Analysis Data  (03/27/2026)
Stage Name Owned
%		 NPV
$M		 IRR
%		 CapEx
$M		 Au Ag Cu Notes
Prod Fosterville
100 show
(update) As of 2023:

Gold reserves
2,018,000 oz

2022 production guidance
400,000 oz gold

2022 total cash costs guidance
$385/oz gold

Mine life
2033

Was:
Open pit - Currently producing 100,000 oz
Prod Canadian Malarctic
100 show
Large operating gold mine.
Prod Detour Lake
100 show
Production began in 2013. Ramping up to 650,000 oz.

20 million oz and growing.

(update) As of 2023:

Gold reserves
15,034,000 oz

2022 production guidance
715,000 oz gold

2022 total cash costs guidance
$645/oz gold

Mine life
2042

Size: 55,000 ha
Prod Goldex
100 show
(update) As of 2023:

Gold reserves
998,000 oz

2022 production guidance
135,000 oz gold

2022 total cash costs guidance
$776/oz gold

Mine life
2030
Prod LaRonde Complex
100 show
Comprised of the LaRonde mine and the LaRonde Zone 5 mine (“LZ5”)

As of 2023:

Gold reserves
3,802,000 oz

2022 production guidance
380,000 oz gold

2022 total cash costs guidance
$641/oz gold

Mine life
2032
Prod Macassa
100 show
5 million oz deposit
High grade 15 gpt
200,000 oz per year

(Update) As of 2023:

Gold reserves
1,856,000 oz

2022 production guidance
180,000 oz gold

2022 total cash costs guidance
$718/oz gold

Mine life
2029
Prod Meadowbank Complex
100 show
As of 2023:

Gold reserves
2,595,000 oz

2022 production guidance
347,500 oz gold

2022 total cash costs guidance
$1,186/oz gold

Mine life
2027
Prod Meliadine
100 show
As of 2023:

Gold reserves
3,653,000 oz

2022 production guidance
370,000 oz gold

2022 total cash costs guidance
$852/oz gold

Mine life
2032
Dev Odyssee
100 show
Development transition project of Canadian Malarctic to underground mine.

Contains 2.35 million ounces of gold in Indicated Mineral Resources and 13.15 million ounces of gold, as of December, 2021
Dev Wasamac
100 n/a
Exp Alpha
100 show
1 million oz deposit. Growing in size.
1400 tpd mill optioned.

Size: 7,700 ha
Exp East Cadillac
100 show
Early Exploration.
Exp Hope Bay
100 show
6 million oz and growing.

3 years to permit and complete feasibility study.

334 Capex is funded.

Production in 2017.

Size: 160,000 ha
Exp Kinebik
100 show
Early Exploration.
Exp Marban
100 show
Early Exploration.
Exp Monument Bay
100 show
Getting close to a PEA.

3 million oz deposit at 1.2 gpt.

Size: 35,000 ha
Exp North Madsen
100 show
1.3 million oz open pit near surface.
Exp Anza
50 show
50/50 Joint Venture with Newmont Corp. to explore the 200-sq.-km Anza gold project located 50 km west of Medellin in Colombia's Mid-Cauca belt. Anza is under option from Orosur Mining Inc.
Prod Kittila
100 show
As of 2023:

Gold reserves
3,794,000 oz

2022 production guidance
242,500 oz gold

2022 total cash costs guidance
$833/oz gold

Mine life
2034

Size: 19,200 ha
Exp Kuotko
100 n/a
Prod La India
100 show
As of 2023:

Gold reserves
157,000 oz

2022 production guidance
82,500 oz gold

2022 total cash costs guidance
$1,003/oz gold

Mine life
2024
Prod Pinos Altos open pit
100 show
As of 2023:

10% of ore reported for Pinos Altos (see underground description) is coming from the Reyna de Plata open pit
Prod Pinos Altos underground
100 show
As of 2023:

Gold reserves
757,000 oz

2022 production guidance
127,500 oz gold

2022 total cash costs guidance
$900/oz gold

Mine life
2027
Exp El Barqueno
100 show
Early exploration. Very large property. Large high grade mineralization of high grade veins. Strike of about 900 hectars or 2200 acres.

Size: 46,000 ha
Exp Morelos Sur
100 show
Early exploration. Looks like a very big deposit.

La Magnentita deposit looks big. No drilling yet, but potentially 1200 acres of mineralization.

Size: 14,500 ha
Exp Delta
100 n/a
Current Data
Stage Name Owned
%		 NPV
$M		 IRR
%		 CapEx
$M		 Au Ag Cu Notes
Prod Fosterville
100 show
(update) As of 2023:

Gold reserves
2,018,000 oz

2022 production guidance
400,000 oz gold

2022 total cash costs guidance
$385/oz gold

Mine life
2033

Was:
Open pit - Currently producing 100,000 oz
Prod Canadian Malarctic
100 show
Large operating gold mine.
Prod Detour Lake
100 show
Production began in 2013. Ramping up to 650,000 oz.

20 million oz and growing.

(update) As of 2023:

Gold reserves
15,034,000 oz

2022 production guidance
715,000 oz gold

2022 total cash costs guidance
$645/oz gold

Mine life
2042

Size: 55,000 ha
Prod Goldex
100 show
(update) As of 2023:

Gold reserves
998,000 oz

2022 production guidance
135,000 oz gold

2022 total cash costs guidance
$776/oz gold

Mine life
2030
Prod LaRonde Complex
100 show
Comprised of the LaRonde mine and the LaRonde Zone 5 mine (“LZ5”)

As of 2023:

Gold reserves
3,802,000 oz

2022 production guidance
380,000 oz gold

2022 total cash costs guidance
$641/oz gold

Mine life
2032
Prod Macassa
100 show
5 million oz deposit
High grade 15 gpt
200,000 oz per year

(Update) As of 2023:

Gold reserves
1,856,000 oz

2022 production guidance
180,000 oz gold

2022 total cash costs guidance
$718/oz gold

Mine life
2029
Prod Meadowbank Complex
100 show
As of 2023:

Gold reserves
2,595,000 oz

2022 production guidance
347,500 oz gold

2022 total cash costs guidance
$1,186/oz gold

Mine life
2027
Prod Meliadine
100 show
As of 2023:

Gold reserves
3,653,000 oz

2022 production guidance
370,000 oz gold

2022 total cash costs guidance
$852/oz gold

Mine life
2032
Dev Odyssee
100 show
Development transition project of Canadian Malarctic to underground mine.

Contains 2.35 million ounces of gold in Indicated Mineral Resources and 13.15 million ounces of gold, as of December, 2021
Dev Wasamac
100 n/a
Exp Alpha
100 show
1 million oz deposit. Growing in size.
1400 tpd mill optioned.

Size: 7,700 ha
Exp East Cadillac
100 show
Early Exploration.
Exp Gold Centre
100 show
Next door to a large Goldcorp mine.

Has not been drilled.

Size: 500 ha
Exp Hope Bay
100 show
6 million oz and growing.

3 years to permit and complete feasibility study.

334 Capex is funded.

Production in 2017.

Size: 160,000 ha
Exp Kinebik
100 show
Early Exploration.
Exp Marban
100 show
Early Exploration.
Exp Monument Bay
100 show
Getting close to a PEA.

3 million oz deposit at 1.2 gpt.

Size: 35,000 ha
Exp North Madsen
100 show
1.3 million oz open pit near surface.
Exp Surf Inlet
100 show
Past producing mine in the 1920s and 1930s.

They drilled it in 1997 and 2000.
Exp Anza
50 show
50/50 Joint Venture with Newmont Corp. to explore the 200-sq.-km Anza gold project located 50 km west of Medellin in Colombia's Mid-Cauca belt. Anza is under option from Orosur Mining Inc.
Prod Kittila
100 show
As of 2023:

Gold reserves
3,794,000 oz

2022 production guidance
242,500 oz gold

2022 total cash costs guidance
$833/oz gold

Mine life
2034

Size: 19,200 ha
Dev Pahtavaara
100 show
Past producing mine (35,000 oz a year)

500,000 oz deposit (growing in size).

Trying to restart.

Exploration potential.

Size: 12,000 ha
Exp Helmi
30 show
30% Aurion/70% B2Gold
Exp Ikkari
100 40.00 575.00 show
4 million oz at 2.5 gpt (OP and UG).

Growing in size.

Size: 30,000 ha
Exp Kuotko
100 n/a
Exp Kutuvuoma
30 show
JV with B2Gold

Early exploration

High grade discovery

Size: 25,000 ha
Exp Launi East
30 show
Early exploration

JV with Kinross
Exp Launi West
100 n/a
Exp Osikonmaki
100 show
300,000 oz
Exp Risti - Aamurusko
100 show
Early exploration

Large discovery.

They granted KoBold the right to earn a 75% interest on the non-precious-metals elements in an area covering approximately 35 km2 in the eastern portion of their 160 km2 Risti Property.

Size: 14,000 ha
Exp Sinermä
100 n/a
Prod La India
100 show
As of 2023:

Gold reserves
157,000 oz

2022 production guidance
82,500 oz gold

2022 total cash costs guidance
$1,003/oz gold

Mine life
2024
Prod Pinos Altos open pit
100 show
As of 2023:

10% of ore reported for Pinos Altos (see underground description) is coming from the Reyna de Plata open pit
Prod Pinos Altos underground
100 show
As of 2023:

Gold reserves
757,000 oz

2022 production guidance
127,500 oz gold

2022 total cash costs guidance
$900/oz gold

Mine life
2027
Exp El Barqueno
100 show
Early exploration. Very large property. Large high grade mineralization of high grade veins. Strike of about 900 hectars or 2200 acres.

Size: 46,000 ha
Exp Morelos Sur
100 show
Early exploration. Looks like a very big deposit.

La Magnentita deposit looks big. No drilling yet, but potentially 1200 acres of mineralization.

Size: 14,500 ha
Exp Delta
100 n/a

Profitability (by resource)

Proven &
Probable		 03/27/2026
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 54.00M 54.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 170.51M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 48.60M 48.60M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 153.46M
Maximum Profit (Gold): $111,493.26M $88,616.75M n/a $-22,876.51M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $111,493.26M $88,616.75M n/a $-22,876.51M
Max Profit / Current MCap: 1.142 0.935 n/a -0.206
Max Profit Per Share (Gold): $220.78 $173.42 n/a $-47.36
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $220.78 $173.42 n/a $-47.36
Total Free Profit Per Share: $27.38 $0.00 n/a $-27.38
FD MCap / Gold Eq.: $2,009.61 $1,949.48 n/a $-60.13
FD MCap / Silver Eq.: $31.23 $28.88 n/a $-2.35
FD MCap / Per Metal
as % Spot Price:		 44.72% 47.28% n/a 2.56%
EV / Gold Eq.: $1,956.09 $1,881.55 n/a $-74.54
EV / Silver Eq.: $30.40 $27.88 n/a $-2.53
EV / Per Metal
as % Spot Price:		 43.53% 45.63% n/a 2.11%
Measured &
Indicated		 03/27/2026
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 97.00M 97.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 306.29M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 79.56M 79.56M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 251.22M
Maximum Profit (Gold): $182,518.60M $145,068.91M n/a $-37,449.69M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $182,518.60M $145,068.91M n/a $-37,449.69M
Max Profit / Current MCap: 1.869 1.531 n/a -0.338
Max Profit Per Share (Gold): $361.42 $283.89 n/a $-77.53
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $361.42 $283.89 n/a $-77.53
Total Free Profit Per Share: $168.02 $98.48 n/a $-69.54
FD MCap / Gold Eq.: $1,227.59 $1,190.86 n/a $-36.73
FD MCap / Silver Eq.: $19.08 $17.64 n/a $-1.44
FD MCap / Per Metal
as % Spot Price:		 27.32% 28.88% n/a 1.56%
EV / Gold Eq.: $1,194.90 $1,149.37 n/a $-45.53
EV / Silver Eq.: $18.57 $17.03 n/a $-1.54
EV / Per Metal
as % Spot Price:		 26.59% 27.87% n/a 1.29%

Reserves &
Resources		 03/27/2026
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 133.00M 133.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 419.97M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 95.76M 95.76M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 302.38M
Maximum Profit (Gold): $219,683.02M $174,607.83M n/a $-45,075.19M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $219,683.02M $174,607.83M n/a $-45,075.19M
Max Profit / Current MCap: 2.249 1.843 n/a -0.406
Max Profit Per Share (Gold): $435.02 $341.70 n/a $-93.32
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $435.02 $341.70 n/a $-93.32
Total Free Profit Per Share: $241.62 $156.29 n/a $-85.33
FD MCap / Gold Eq.: $1,019.91 $989.40 n/a $-30.52
FD MCap / Silver Eq.: $15.85 $14.66 n/a $-1.19
FD MCap / Per Metal
as % Spot Price:		 22.69% 23.99% n/a 1.30%
EV / Gold Eq.: $992.75 $954.92 n/a $-37.83
EV / Silver Eq.: $15.43 $14.15 n/a $-1.28
EV / Per Metal
as % Spot Price:		 22.09% 23.16% n/a 1.07%

Future Valuation (Cash Flow & Totals)

Totals 03/27/2026
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
C
U
R
R
E
N
T		 R & R Valuation: $172,142.01M $157,942.33M n/a $-14,199.68M
FD MCap: $97,667.00M $94,744.51M n/a $-2,922.49M
Annual Gold Production: (guess) 
3,400,000oz.		 (guess) 
3,300,000oz.		 07/02/2026 -100,000oz.
Annual Silver Production: n/a n/a 0oz.
F

U

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U

R

E		 FD MCap (Resources): $224,000.00M $224,000.00M n/a $0M
FD MCap Growth (Resources): 129% 136% n/a 7%
FD MCap (Cash Flow): $437,000.00M $427,500M n/a -9,500.00M
FD MCap Growth (Cash Flow): 347% 351% n/a 4%
Estimated
Price		 USD: $865.35 $836.59 n/a $-28.75
Ratio FD MCap (Resources : Cash Flow): 0.51 0.52 n/a 0.01
Annual
Production		 Gold: 3,800,000 oz. 3,800,000 oz. n/a 0 oz.
Silver: n/a n/a n/a n/a
Current
FD MCap / 		Gold Eq. Reserves: 1,220.84 1,184.31 n/a -36.53
Silver Eq. Reserves: 34.88 33.84 n/a -1.04
Gold Eq. Production: 25,701.84 24,932.77 n/a -769.08
Silver Eq. Production: 734.34 712.36 n/a -21.97
P&P
Reserves
(oz.)		 Gold: 80.00M 80.00M 03/27/2026 n/a
Silver: n/a n/a 03/27/2026 n/a
Gold Eq.: 80.00M 80.00M 03/27/2026 n/a
Silver Eq.: 2,800.00M 2,800.00M 03/27/2026 n/a
P&P Reserves
per FD
Share (oz.)		 Gold: 0.158 0.157 n/a -0.002
Silver: n/a n/a n/a n/a
Gold Eq.: 0.158 0.157 n/a -0.002
Silver Eq.: 5.545 5.479 n/a -0.065
Free Cash Flow 03/27/2026
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Current: $7,799.94M $6,017.19M n/a $-1,782.75M
Current Multiple: 12.52 15.75 n/a 3.22
Current FCF/MCap Ratio: 7.99% 6.35% n/a -1.64%
Current FCF/Share: $15.45 $11.78 n/a $-3.67
F
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E		 @ current pm prices: $7,957.58M $6,168.88M n/a $-1,788.70M
Multiple @ current pm prices: 12.27 15.36 n/a 3.09
Growth @ current pm prices: 2.02% 2.52% n/a 0.00
@ future prices: $17,480.00M $17,100.00M n/a $-380.00M
Multiple @ future prices: 5.59 5.54 n/a -0.05
Growth @ future prices: 184.19% 184.19% n/a 0.60

Defaults