‘It’s time Canadian companies stand up’: Agnico-Eagle CEO vows to make the case for energy and mining – by Gabriel Friedman (Financial Post – October 25, 2019)

https://business.financialpost.com/

Boyd said he plans to be particularly vocal about the need for federal government investment in Canada’s Arctic

Two days after a federal election left Canada fractured along regional lines, and divided on many issues including whether to build energy pipelines, Agnico Eagle Mines Ltd. chief executive Sean Boyd said he plans to begin advocating more forcefully for resource development.

The comments came in an interview with the Financial Post on Thursday, when Agnico reported record quarterly gold production of 477,000 ounces, and which has helped propel the company’s stock up by 40 per cent surge this year.

As the company grows into its role as one of Canada’s largest mining companies, Boyd said he plans to be particularly vocal about the need for federal government investment in Canada’s Arctic. His company has spent the past decade building two mines in Nunavut, which still largely lacks roads, energy grids, higher education resources and other infrastructure, and said it plans to use the experience to propound the benefits of mining.

“You’re going to hear a lot more from Agnico going forward,” said Boyd. “We’re going to make a stronger case on the benefits of resource development, whether it’s in speeches, whether it’s media we do or advertising campaigns we do.”

“It’s time Canadian companies stand up and say, ‘look mining and energy is not all bad’,” he added. Boyd said the difference of opinions about whether to build an extension of the Trans Mountain Pipeline — to carry oil out of Alberta — which played a central role in the elections shows that the country needs a better conversation about how its resources can be tapped to create value for everyone.

For the rest of this article: https://business.financialpost.com/commodities/mining/its-time-canadian-companies-stand-up-agnico-eagle-ceo-vows-to-make-the-case-for-energy-and-mining