• Agnico Eagle Mines (AEM) is trading 4.9% down today at $147.21 after reporting a rock mass movement at its Canadian Malartic mine, which is expected to reduce second-half 2026 gold production by 60,000 to 80,000 ounces.
  • The stock is also pressured by a sharp overnight drop in gold prices, which hit seven-month lows.
  • Gold's retreat is driven by a hawkish Federal Reserve stance, a strengthening U.S. dollar, and reduced safe-haven demand following Middle East de-escalation. As an unhedged producer, Agnico Eagle's earnings are highly sensitive to spot gold moves.