Twitter

Agnico Eagle

Sean Boyd built Canada’s largest miner. Now he’s fighting for the nation’s Arctic sovereignty – by Gabriel Friedman (Financial Post – June 20, 2024)

https://financialpost.com/

The longtime leader of Agnico Eagle is newly focused on his vision of how industry and government can partner to develop the North

Sean Boyd has spent the past four decades building Toronto-based Agnico Eagle Mines Ltd. into Canada’s largest mining company and the world’s second-largest gold miner.

Now, having “retired” in December and transitioned to company chair from executive chair, he is making frequent visits to Ottawa to push the federal government to more aggressively assert sovereignty over the Canadian Arctic, where Agnico has built three mines (two are currently producing) and is planning a fourth project.

Read more

Aboriginal corporation Djaara enters into ‘historic’ gold mining agreement with Canada’s Agnico Eagle – by Tyrone Dalton (Australian Broadcasting Corporation – May 13, 2024)

https://www.abc.net.au/

Canadian company Agnico Eagle Mines has signed an agreement with traditional owner group Djaara to compensate First Nations people for gold mined at the Central Victorian-based Fosterville Gold Mine. The agreement — “bakaru wayaparrangu”, meaning “in the middle we all meet” — has been seven years in the making and is being hailed by the two organisations as a first for an active mining company in Victoria.

Mining agreement ‘compromise’

Dja Dja Wurrung Clans Aboriginal Corporation chair Rebecca Phillips represents her ancestors, the Malcolm family line, and said the mining agreement was significant for all Indigenous peoples.

Read more

Nunavut operations contribute to ‘record’ quarter for Agnico Eagle – by Jeff Pelletier (Nunatsiaq News – May 2, 2024)

Homepage

Strong production at Agnico Eagle Mines Ltd.’s Nunavut gold mines played a role in achieving a “record” first quarter this year, the company says. Agnico released its first quarterly financial report for 2024 last week.

CEO Ammar Al-Joundi said in a news release the company is reporting a “second consecutive quarter of record operating margins and record free cash flow.” The company reported an adjusted net income of around US$377.5 million for the first quarter of this year from its mining operations around the world. That’s up from around US$282.3 million the previous quarter.

Read more

Agnico’s Nunavut mines start 2024 strong – by Shane Lasley (North of 60 Mining News – April 26, 2024)

https://www.miningnewsnorth.com/

For Agnico Eagle Mines Ltd., the remote but highly mineralized territory of Nunavut offers high rewards, as long as the high risks that come with building and operating mines in Canada’s remote North are managed.

Given the nearly 900,000-ounce-of-gold-per-year pace of production at its Meliadine and Amaruq mines so far this year, coupled with new gold discoveries that bode well for its Hope Bay mine project, Agnico has a grasp on what it takes to reap the rewards and mitigate the risks associated with mining in Nunavut.

Read more