Agnico-Eagle Mines (AEM) shares have more than doubled this year, thanks to the stellar rise in gold prices (GCZ25). While gold prices took a breather and briefly fell below $4,000 per ounce, they have since returned above the psychological price level.
Higher gold prices have meant a free cash flow bonanza for gold miners, which they are invariably using to either deleverage their balance sheets or increase shareholder payouts through higher share buybacks and dividends. Recently, Barrick Gold (B) announced an increase in its dividend, and more gold miners could follow suit over the next couple of months. I believe gold’s outlook looks positive for 2026, and I find AEM a good dividend stock to load up for 2026. Let’s discuss, beginning with a brief overview of the company’s Q3 2025 earnings.
