Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download
Investment
Features
FeesSafety
Academy
More
Pluang+

Rock mass movement halts mining at Agnico Eagle's Barnat pit, cutting 2026 gold output forecast.

Market News
02 Jul 2026
PRNewsWire
View Source
Bearish
pluang ai news

Agnico Eagle Mines reported a rock mass movement on July 1, 2026, at the Barnat open pit in Quebec, leading to a temporary suspension of mining there. No injuries or environmental damage occurred, but the event is expected to reduce gold production by 60,000 to 80,000 ounces in the second half of 2026 and up to 150,000 ounces annually in 2027 and 2028. The company is assessing the situation and plans to resume operations safely, while using stockpiled low-grade ore to minimize near-term production impact. Despite this setback, Agnico Eagle maintains its long-term target of 1 million ounces annual production from the Canadian Malartic complex in the early 2030s.

More News (AEM)

banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App