Redevances OR Inc. has filed its annual notice, consolidated financial statements, and management report for the year ended December 31, 2025 with Canadian securities regulators and the SEC. The company, a precious metals royalty and streaming company, maintains a portfolio of over 195 royalties and metal streams, with its key asset being a 3-5% net smelter return royalty on Agnico Eagle Mines' Canadian Malartic complex.
Agnico Eagle Mines Ltd. (AEM)
Common Stock · Currency in USD · XNYS
Agnico Eagle is a gold miner with mines in Canada, Mexico, Finland, and Australia. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines online in rapid succession in the following years. It merged with Kirkland Lake Gold in 2022, acquiring the Detour Lake and Macassa mines in Canada along with the high-grade, low-cost Fosterville mine in Australia. It sold around 3.4 million gold ounces in 2025 and had about 15 years of gold reserves at end 2025. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions and bought the remaining 50% of its Canadian Malartic mine along with the Wasamac project and other assets from Yamana Gold in 2023.
Company Info
SIC—
Composite FIGIBBG000DLVDK3
CIK0000002809
IPOJun 7, 1972
Sector—
Highlights
Market Cap$104.48B
EPS—
P/E Ratio—
Revenue—
Gross Profit—
Net Income—
Employees18,216
WSO500,989,463
Phone—
Websitehttps://www.agnicoeagle.com
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Analysis
Share Price Chart
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Agnico Eagle Mines Ltd., comparing it to the performance of the S&P 500 index.
All prices have been adjusted for splits and dividends.
Returns By Period
Agnico Eagle Mines Ltd. (AEM) has returned 22.50% so far this year and 116.66% over the past 12 months. Looking at the last ten years, AEM has achieved an annualized return of 19.09%, outperforming the Benchmark (SPY), which averaged 12.23% per year.
AEM
1M-8.98%
6M22.45%
YTD22.50%
1Y116.66%
5Y28.13%
10Y19.09%
Benchmark (SPY)
1M-3.85%
6M-2.35%
YTD-4.36%
1Y34.06%
5Y9.80%
10Y12.23%
Monthly Returns
The table below presents the monthly returns of Agnico Eagle Mines Ltd. (AEM) with color gradation from worst to best to easily spot seasonal factors.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 11.90% | 33.95% | -19.97% | -0.01% | ||||||||
| 2025 | 17.05% | 3.67% | 10.76% | 7.47% | 2.82% | -1.04% | 3.27% | 13.01% | 15.55% | -5.18% | 8.78% | -3.62% |
| 2024 | -9.93% | -3.18% | 22.86% | 4.28% | 6.73% | -4.66% | 17.69% | 5.61% | 0.46% | 6.35% | -2.88% | -6.53% |
| 2023 | 6.93% | -18.39% | 8.86% | 10.78% | -11.92% | -1.85% | 4.86% | -5.75% | -7.51% | 5.20% | 13.89% | 2.20% |
| 2022 | -8.17% | 4.71% | 20.39% | -4.12% | -6.12% | -14.45% | -4.76% | -4.30% | 4.50% | 1.85% | 11.09% | 0.54% |
| 2021 | -4.90% | -22.40% | 1.96% | 6.17% | 12.76% | -16.22% | 5.70% | -11.30% | -10.59% | 1.43% | -6.32% | 5.84% |
| 2020 | -0.42% | -22.69% | -18.11% | 47.33% | 10.78% | -0.37% | 23.89% | 4.09% | -5.12% | -1.75% | -17.82% | 3.89% |
| 2019 | 7.66% | -2.19% | 3.28% | -4.76% | 5.52% | 15.69% | 4.48% | 21.70% | -15.39% | 16.58% | -1.93% | 3.72% |
| 2018 | 1.74% | -19.04% | 11.15% | -1.06% | 7.02% | 2.37% | -7.85% | -17.51% | 1.24% | 3.63% | -3.04% | 12.91% |
| 2017 | 13.84% | -9.80% | 1.63% | 12.30% | 1.49% | -5.73% | 5.51% | 10.12% | -12.60% | -1.09% | -2.69% | 5.60% |
| 2016 | 34.54% | -5.19% | 17.74% | 6.33% | -12.75% | 7.67% | -5.77% | -20.65% | 3.52% |
Performance Indicators
The charts below present risk-adjusted performance metrics for Agnico Eagle Mines Ltd. (AEM) and compare them to a Benchmark (SPY). These indicators evaluate an investment's returns against its associated risks.
Sharpe ratio
Sortino ratio
Omega ratio
Calmar ratio
Martin ratio
sharpe ratio
The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.
These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns.
The chart below shows the rolling Sharpe ratio of AEM compared to the benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.
Volatility Chart
The current Agnico Eagle Mines Ltd. volatility is 3.32%, representing the standart deviation of percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. It shows the maximum percentage drop from a peak to a trough over a specified period, indicating the risk of significant losses.
Although chart shows positive values, it represents the percentage drop from the peak, so a value of 10% means the portfolio has dropped 10% from its highest point.
News and Insights
OR Royalties Inc. has filed its 2025 annual financial statements and Form 40-F with regulatory authorities. The company, a precious metals royalty and streaming firm with over 195 assets, also announced the appointment of Patrick Godin to its board of directors and entered into an agreement to acquire additional royalties on Spring Valley in Nevada.
Gold and silver prices have plummeted 25.5% and 50% respectively from January peaks due to war-driven market volatility and profit-taking, despite strong physical demand in China. Contrarian analysts argue the selloff is positioning-driven rather than fundamental, suggesting gold and copper producers now offer compelling value as the Fed may need to intervene with rate cuts.
B2Gold and other gold mining stocks declined sharply on March 19, 2026, as gold futures fell 5% amid a broader risk-off sentiment. Concerns about the Iran conflict, energy prices, and inflation pressured precious metal prices. The Federal Reserve's decision to hold rates steady and delay rate cuts presents a headwind for gold, which doesn't pay interest.
2 Mining Stocks to Buy in Marchpositive
While the S&P 500 has declined, Canadian mining stocks Agnico Eagle Mines and Wheaton Precious Metals have surged over 19% and 22% respectively in 2026. Agnico Eagle, the world's second-largest gold producer, benefits from low-risk jurisdictions and strong operational efficiency with record earnings. Wheaton Precious Metals, a streaming company, achieved record profits with an 80% revenue increase, capitalizing on fixed purchase costs as gold prices exceed $5,000 per ounce. Both companies increased dividends by double-digit percentages with room for further hikes.
Hycroft Mining, a small-cap miner with a $3.5 billion market cap, released an updated mineral resource estimate showing 55% growth in measured and indicated gold and silver resources at its Nevada mine, with approximately $50 billion worth of recoverable minerals. While the company's massive reserves and strong recovery rates (83% gold, 78% silver) are promising, investors should remain cautious due to Hycroft's lack of profitability, minimal revenue, significant capital requirements, and exposure to precious metals price volatility.
White Gold Corp. announced that CEO David D'Onofrio will present at a virtual investor conference on February 12, 2026. The company highlighted its flagship White Gold project with 1.73 million ounces of indicated gold resources and plans for the largest exploration program in its history in 2026, along with upcoming catalysts including a critical minerals spin-out and a preliminary economic assessment.
Gold remains a strong investment with prices rising above $5,000. The article highlights three stocks poised for strong earnings: Agnico Eagle Mines (AEM) with 109.8% expected earnings growth driven by gold demand, Hecla Mining (HL) benefiting from Boeing's aerospace orders with 30.5% earnings growth, and Vertiv (VRT) with 31% earnings growth from data center cooling demand. All three companies show positive earnings revisions and strong surprise histories.
Two gold-focused ETFs, IAU and SGDM, have benefited from gold's strong performance over the past year. SGDM (Sprott Gold Miners ETF) returned 137% in one year by holding 43 gold mining companies, while IAU (iShares Gold Trust) returned 73% by tracking physical gold prices. IAU offers lower costs (0.25% vs 0.50% expense ratio) and greater liquidity, while SGDM provides higher volatility and returns through mining company exposure.
Osisko Metals successfully closed a bought-deal private placement of 11.8 million flow-through shares at C$1.27 per share, raising C$15 million. Strategic investors Agnico Eagle Mines and Hudbay Minerals, along with Rosseau Asset Management, purchased C$10 million in common shares at C$0.85 per share in a follow-on transaction. The proceeds will fund Canadian exploration expenses on the company's Gaspé Copper and Pine Point zinc projects.