Agnico Eagle Mines’ subsidiary Avenir Minerals acquired Fox River Resources for $94 million, marking a significant move into the North American phosphate market. This acquisition validates the growing importance of igneous phosphate, especially for lithium iron phosphate (LFP) batteries, where phosphate makes up 60% of the cathode material. The entry of a major gold producer into this sector signals strong capital support and highlights phosphate's rising role beyond fertilizer, now recognized as a critical mineral for clean technology and energy storage. This development is expected to attract more attention and investment to phosphate projects in North America.
Agnico Eagle Mines reported record operating margins and $1.695 billion net income in Q1 2026, reaffirming its full-year production guidance of 3.3 to 3.5 million ounces. The company holds over $2 billion in net cash, and Fitch recently upgraded its ...
Wallbridge Mining announced strategic investments totaling approximately C$56 million from Agnico Eagle and Waratah, each acquiring about 19.9% ownership in the company. This capital injection will fund infill drilling and a pre-feasibility study for...
