Agnico Eagle Mines Ltd. is on track to become the world's second-largest gold producer, challenging Barrick Gold Corp.'s position. The Canadian company aims for 3.3 to 3.5 million ounces of gold production in 2025, similar to Barrick's anticipated output. Agnico Eagle's CEO emphasizes that size is not a primary concern, prioritizing value growth per share.
Jamie Porter, executive vice president and finance and CFO at Agnico Eagle, talks to us about Agnico Eagle has reached an agreement to acquire O3 Mining .
The Canadian mining company aims to churn out 3.3 million to 3.5 million bullion ounces this year, according to full-year earnings posted Thursday. That’s on par with Barrick Gold Corp., which is currently the No. 2 gold miner. “We only care about whether we’re growing our value per share. If I had less production at double the margins, I’d probably do it.”
Mining GOLD MINING AGNICO EAGLE BARRICK GOLD MINING INDUSTRY MERGERS AND ACQUISTIONS
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