Agnico Eagle Mines (NYSE:AEM), the world's second-largest gold producer, delivered outstanding third-quarter results. The firm also announced the establishment of a new subsidiary, Avenir Minerals, to consolidate its investments in critical minerals.
Third-quarter net income rose to $1.06 billion, or $2.10 per share. Meanwhile, the miner generated $1.82 billion in operating cash flow and $1.19 billion in free cash flow, benefiting from strong production and higher gold prices.
