Video News/Mining Forum Americas 2026

Ammar Al-Joundi, President and CEO of Agnico Eagle Mines, says the company expects to add between 1.3 million and 1.5 million ounces of annual production over the next five to 10 years, largely from assets it already owns. Speaking with Kitco Mining at the 2026 Mining Forum Americas in Colorado Springs, Al-Joundi pointed to Detour Lake, Canadian Malartic, Hope Bay and Upper Beaver as the core of a pipeline that could lift production by roughly 20% to 30%. Al-Joundi said Agnico remains focused on increasing production per share rather than simply buying growth, while a stronger balance sheet is giving the company more flexibility on shareholder returns and strategic investments. He said future cash returns could be “considerably more” after Agnico returned about $1 billion to shareholders in the first half of 2026, and described junior investments as a way to build “optionality” on future growth.