Q: Thoughts on AEM earnings and future outlook. TY
5i Research Answer:
EPS of 58c beat estimates of 49c; revenue of $1.51B beat estimates by 1.4%. Output was 812,813 ounces of gold, ahead of estimates of 781,984. Operational performance was good: all-in costs were $1,125. Production (3.24M) and cost ($1,140) guidance was affirmed for 2023 and about 10% growth is expected in 2024. Profits improved, partially on currency, but also as inflationary pressures are starting to ease. It was a good quarter and outlook.