Agnico Eagle Mines Limited (AEM) has reduced its long-term debt by $550 million, ending the second quarter with a net cash position of $963 million. The company’s free cash flow for Q2 increased to $1.3 billion, more than double the previous year’s figure of $557 million. With a debt-to-capitalization ratio of 2.8%, AEM has enhanced financial flexibility for growth projects. Aggressive deleveraging efforts have strengthened the company’s balance sheet and positioned it well for future growth. Peer companies like Kinross Gold Corporation and Newmont Corporation have also made progress in improving their leverage profiles. AEM stock currently carries a Zacks Rank #1 (Strong Buy).

Read more at Zacks Investment Research: Can Agnico Eagle’s Ultra-Low Leverage Fuel Bigger Growth? – August 12, 2025