Agnico Eagle Mines’ preference for working in areas with a rich mining history and political stability gives it a “knowledge advantage,” according to CEO Ammar Al‑Joundi, here in conversation with TNM’s western editor, Henry Lazenby.
Sitting on significant free cash amid gold trading at record price levels, Agnico Eagle Mines (NYSE; TSX: AEM) would rather hand back surplus cash than chase marginal deals, CEO Ammar Al‑Joundi says.
Agnico reported record net income of $815 million (C$1.1 billion) and free cash flow of nearly $600 million in the first quarter of 2025. The Toronto‑based producer says it won’t sacrifice returns per share for size.
“If I can’t find something good to do with your money, I would rather give it back to you than invest in something that doesn’t make sense,” Al‑Joundi told The Northern Miner’s western editor, Henry Lazenby, at an industry conference this…
