Agnico Eagle Mines Limited delivered a strong second quarter in 2026 with payable gold production of 855,816 ounces and record free cash flow of $1.335 billion, driven by higher gold prices and disciplined cost control. The company returned a record $625 million to shareholders through dividends and share repurchases, while advancing key growth projects including the Odyssey underground mine and Hope Bay development. Despite a rock mass movement at Canadian Malartic affecting production forecasts, Agnico Eagle maintains its full-year guidance and plans to increase gold production by 20-30% over the next decade. The company also strengthened its financial position with a net cash balance of $3.27 billion and received a credit rating upgrade to A- from Fitch.
Gold prices have been consolidating near $4,000 an ounce due to inflation-driven higher interest rates, which increase the cost of holding gold and reduce investment demand. However, the gold mining sector is showing robust fundamentals, with compani...
Grid Metals Corp. received conditional approval from the TSX Venture Exchange for a joint venture with Avenir Minerals on the Falcon West Cesium Property in Manitoba, Canada. Avenir acquired an initial 15% stake for C$3.75 million and can increase it...
The Great Canadian Treasure Hunt, organized by The Northern Miner and supported by EarthLabs Inc. and other sponsors, has announced the location of its next regional prize in Manitoba. Hunters can search for six one-ounce gold coins valued at nearly ...
