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Agnico Eagle Mines has agreed to sell its Delta base and precious metals project and Helm Bay gold project to Vizsla Copper Corp, with closing expected in Q4 2026. AEM will receive approximately C$32 million in shares and warrants, targeting a 19.99% stake in Vizsla Copper, while retaining royalties and milestone payments up to C$20 million.
Kinross Gold (KGC) gained 12.7% in the past month driven by gold price recovery and solid earnings. While the company boasts a strong development pipeline expected to add 3 million ounces of production and maintains robust financial health with $4.4 billion in liquidity, it faces headwinds from elevated production costs and declining earnings estimates. The company maintains a Hold rating with limited near-term production growth expected through 2028.
Newmont Corporation (NEM) reported a 13% year-over-year decline in Q2 gold production to 1.29 million ounces, with 2026 guidance showing further production decline to 5.26 million ounces. The company expects significantly higher all-in-sustaining costs of $1,680 per ounce in 2026 compared to $1,358 in 2025, driven by lower volumes, higher royalties, and deferred capital. Competitors Barrick Gold and Agnico Eagle showed mixed results with sequential production gains but facing their own challenges.