Top 10 Gold Stocks with Dividends

2. Agnico Eagle Mines Limited (NYSE:AEM)

Number of Hedge Funds Holders: 53

Agnico Eagle Mines Limited (NYSE:AEM), a gold mining company, is engaged in the expansion, production, and exploration of precious metals. It operates mines in Mexico, Australia, Canada, and Finland, with development and exploration projects across various regions.

Backed by record gold production and well-maintained cost management, Agnico Eagle Mines Limited (NYSE:AEM) achieved a strong performance in Q4 and full-year 2024. Total cash costs stood at $903 per ounce, and the annual gold production achieved 3.49 million ounces, surpassing guidance. With a free cash flow of $2.1 billion for the full year and adjusted earnings of $632 million, the company reported record revenue of $2.2 billion in Q4. Agnico reached substantial margin expansion and elevated gold prices with strong operational efficiency and cost controls.

Furthermore, by bringing total proven and probable gold reserves to 54.3 million ounces, the company solidifies its asset base with a 0.9% increase in mineral reserves. Main contributors included reserve growth at LaRonde, Meliadine, Amaruq, and Macassa, alongside an initial reserve declaration at Wasamac.

Moreover, Odyssey and Detour Lake witnessed major reserve development, with continuous drilling to further assess their long-term potential. Inferred mineral resources jumped nearly 10% while lowering costs by 8%, as the exploration program generated strong results.

In addition, Agnico Eagle Mines Limited (NYSE:AEM) continues to develop significant growth projects. Hope Bay project witnessed a major rise in indicated and inferred resources following successful drilling in Patch 7, while the Upper Beaver project now possesses 2.77 million ounces of gold reserves.

By declaring a quarterly dividend while repurchasing $120 million in shares in 2024, the company reinforces its commitment to shareholder returns. The company returned $800 million to shareholders through dividends that year.

Consequently, the stock has jumped 32.46% year-to-date, demonstrating investor confidence in its growth strategy and robust execution. Agnico Eagle Mines Limited (NYSE:AEM) remains one of the Best Gold Stocks, with its high-quality asset portfolio and efficient capital allocation providing strong long-term growth potential.