NEW YORK, December 30, 2025, 12:38 ET — Regular session
- Agnico Eagle rises about 1% in midday trading after Monday’s sharp pullback.
- Gold rebounds after a futures-driven selloff, keeping miners volatile into year-end.
- Traders are watching the Fed’s December meeting minutes and the next earnings window.
Agnico Eagle Mines Ltd (AEM) rose about 1.2% to around $173.5 in midday trading on Tuesday, recouping part of the prior session’s drop as gold prices rebounded. The Canadian gold producer closed Monday at $171.34, down 6.48% from Friday, and is up about 121% so far this year.
The move matters because gold miners are trading like a levered bet on bullion in the final days of 2025, after a record run-up and an abrupt pullback.
With liquidity thinning into year-end, small shifts in rates and positioning are translating into outsized swings in metal-linked equities.
Spot gold was up about 0.9% near $4,370 an ounce after Monday’s sharp decline, Reuters reported, with investors refocusing on geopolitical and economic risks. “We saw very extreme volatility yesterday … but things have stabilised somewhat today,” said Peter Grant, vice president and senior metals strategist at Zaner Metals, as traders awaited the Federal Reserve’s December meeting minutes due later Tuesday. Reuters
Monday’s slide in precious metals followed last week’s surge to all-time highs and was accelerated by futures-market mechanics: CME Group raised margin requirements on precious metals contracts, meaning traders had to post more upfront cash to keep positions. The higher collateral threshold often triggers profit-taking after fast rallies, which can amplify price swings.
Other gold miners tracked the rebound. Newmont was up about 2.3% in midday trading.
For Agnico Eagle, investors tend to focus on how quickly higher gold prices can flow through to margins — and how quickly a reversal can compress them — especially after the metal’s late-year volatility.
That linkage is most visible when futures-market changes force short-term deleveraging, even if the longer-term backdrop for gold remains supportive.
Technicians have also been watching how the stock behaves around widely followed trend gauges after Monday’s drop. Agnico’s 50-day moving average was about $167.56 and its 200-day moving average about $149.58, levels some traders use as reference points for support in a pullback.
The next company-specific milestone on many calendars is fourth-quarter results. Nasdaq lists Agnico Eagle’s next earnings report as estimated for February 12, 2026, noting the date is algorithm-derived and not company-confirmed.
Until then, trading is likely to remain driven by bullion, the U.S. dollar and rate expectations — with the Fed minutes the next immediate test for whether markets stay positioned for easing in 2026.
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