Agnico Eagle grows in Quebec: Becomes world’s second largest gold miner - Canadian Mining Journal

AI desk brief

Agnico Eagle is now the world’s second-largest gold miner in 2025, with output at 3.5Moz and full-year 2026 guidance still at 3.3Moz-3.5Moz, albeit toward the low end after a July 1 rock-mass movement at Barnat forced a suspension. The company expects Barnat to restart in Q4 2026 and is still targeting a 1Moz/y run rate at Canadian Malartic via its fill-the-mill strategy, with Odyssey shaft hoisting slated for Q2 2027 and a second shaft planned later in the decade.

The article also highlights long-life optionality at LaRonde and Goldex: LaRonde has surpassed 8Moz poured, is using increasing automation to improve productivity at extreme depth, and Goldex has reserves to 2032 with ongoing conversion drilling at South and Deep 2. Overall, the piece is positive for Agnico’s reserve-and-production profile, but the immediate market read is mainly supply-side and company-specific rather than a direct gold-price catalyst.