Video News/BMO Capital Markets 2026

Ammar Al-Joundi says Agnico Eagle Mines (NYSE: AEM; TSX: AEM) delivered record financial results in 2025 while positioning the company for long-term per-share growth. Speaking with Kitco Mining at the 35th BMO Global Metals, Mining & Critical Minerals Conference in Florida, the president and CEO highlighted roughly $4.4 billion in free cash flow, about $950 million in debt repayment, and $1.4 billion returned to shareholders. “Our job is to give them as much of that increase as possible,” he said, referring to the rise in gold prices and Agnico’s cost discipline, which allowed the company to deliver “over 95%” of the price increase to its owners. Al-Joundi outlined a plan to increase production 20 to 30% over the next decade, targeting more than 4 million ounces annually in the early 2030s. Growth is expected from Detour Lake, Canadian Malartic, Hope Bay, and Upper Beaver, projects designed to leverage existing infrastructure and generate strong returns on capital. The company also expects to return about 40% of free cash flow to shareholders this year while maintaining full exposure to gold prices under its no-hedging policy.