Northern development could ultimately unlock big growth for Agnico Eagle
Warming temperatures are opening the Northwest Passage as a shipping lane and raising so many concerns about who controls the Arctic that one of Mark Carney’s first trips as Canada’s new prime minister was to Iqaluit on Tuesday as part of an effort “to reassert Canada’s sovereignty in the North.”
It followed a visit over the weekend by NDP Leader Jagmeet Singh, who also talked about shoring up Arctic sovereignty in the face of threats from United States President Donald Trump. Conservative Leader Pierre Poilievre also visited last September to make his own remarks on the same subject.
Such attention from political leaders to the Arctic region, and Nunavut in particular, cannot come soon enough for Toronto-based Agnico Eagle Mines Ltd., which emerged in late February as the world’s largest gold miner by market cap.
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