Agnico Eagle and Eldorado Gold beat Q1 earnings estimates with strong capital returns and operational results.

Agnico Eagle Mines and Eldorado Gold both exceeded first-quarter earnings expectations, with Agnico Eagle reporting adjusted EBITDA of $3.01 billion and strong free cash flow supporting $375 million in capital returns. Eldorado Gold also beat forecasts with adjusted EBITDA of $336 million, driven by higher production and lower costs, though it faced negative free cash flow due to increased capital spending. Agnico Eagle maintains a positive outlook with solid operations and growth projects, while Eldorado faces execution risks on its Skouries project and increased debt after recent acquisitions. Both companies reaffirmed their 2026 guidance despite some cost uncertainties and operational challenges.