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Based in Toronto, AEM explores, develops, and produces precious metals. Its mines in Canada, Australia, Finland, and Mexico, along with its exploration and development activities in Canada, Australia, Europe, Latin America, and the U.S. mostly focus on gold. AEM’s facilities are in some of the best gold producing areas in the world. Gold’s favorable landscape right now is a boon for AEM.
In the first quarter of fiscal 2025, AEM reported a profit of $814.7 million on revenue of nearly $2.5 billion. Total net income amounted to $1.62 per share, which was above consensus estimates. Gold production was 873,794 ounces at production costs per ounce of $879. Total cash costs per ounce were $903 and all-in sustaining costs per ounce were $1,183. As of this writing, the spot price of gold (XAU) is about $3,300.
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