One of the world’s largest gold producers is ready to invest more
in Canada.
Fresh off the Canada Investment Summit, Amber Kanwar sits down
with Ammar Al-Joundi, President & CEO of Agnico Eagle Mines
Limited, for a wide-ranging conversation about Canada’s changing
investment climate, the outlook for gold and why he believes this
could be a pivotal moment for the country’s resource sector.
Al-Joundi says Agnico Eagle is already spending more in
Canada—and that recent changes have given the company greater
confidence to deploy capital here. He discusses the company’s
US$2.5 billion investment at Hope Bay in Nunavut, the potential
impact of faster project reviews and why jurisdictional certainty
has become increasingly valuable to global investors.
They also dig into what has made Agnico Eagle stand out in the
gold industry, from its focus on politically stable mining
regions to its balance-sheet discipline and what Al-Joundi calls
the company’s “culture of the heart.” He explains why Agnico
prioritizes growth on a per-share basis, how it plans to increase
production by roughly 20 to 30 percent into the early-to-mid
2030s, and why acquisitions remain a selective part of the
strategy.
Plus, Al-Joundi explains why he remains constructive on gold
despite its recent pullback, why he views himself as a “hard
asset bug” rather than a gold bug, whether the Bank of Canada
could ever buy gold again, and why Agnico Eagle sees a major
opportunity in Canadian critical minerals.
It’s a conversation about gold, growth and whether Canada’s
resource sector is entering a new era.
Timestamps
00:00 Trailer
01:42 Intro
04:07 Agnico Eagle CEO on What the Investment Summit Meant for
Canada
04:56 Why Jurisdiction Matters to Investors
07:31 Canada’s Economic Shift
09:12 The Sea Change in Government Support
11:20 Mining, Defense, and Nunavut Infrastructure
14:09 Can Canada Approve Projects in One Year?
16:05 Will New Policies Drive More Investment?
18:32 What Still Needs to Change in Canada
20:28 Why Agnico Eagle Has Outperformed
22:03 The Culture Behind Agnico Eagle’s Success
24:17 A Regional Strategy for Long-Term Growth
26:00 Agnico Eagle vs. Barrick’s Strategy
27:04 The Lessons of Mining’s Boom-and-Bust Cycles
29:33 What’s Driving Gold Prices?
34:01 Could the Bank of Canada Buy Gold Again?
35:07 Managing Inflation and Rising Mining Costs
39:39 Agnico Eagle’s Production Growth Plans
41:48 Will Agnico Eagle Make More Acquisitions?
43:09 The Best Mining Regions in the World
46:25 Agnico Eagle and Critical Minerals
49:18 Financing Canada’s Resource Future
51:17 The CEO’s Hobby Farm
52:02 Closing Thoughts
Sponsors
Thank you to our partners at ATB Financial. ATB Cormark Capital
Markets is a leading North American investment firm providing
holistic corporate and capital markets advice and full-service
financial solutions. Visit https://ATB.com/inthemoney for more
information.
For over 25 years, Raymond James has been helping Canadians
achieve their financial goals. Visit https://raymondjames.ca
today to discover how you can live a life well planned.
Thank you to our partners at Hamilton ETFs. For more information
visit https://hamiltonetfs.com
All the charts you’ll see today are sponsored by Wealthsimple
Trade. The self-directed trading platform built for active
traders in Canada. Learn more at
https://app.wealthsimple.com/74rd/83ftma8x
Support for this podcast is brought to you by EQB – the company
behind EQ Bank, Canada’s Challenger Bank. For more information
visit https://www.eqbank.ca/
The Closing Bell is sponsored by The Haliburton Post House:
private executive retreats in Ontario's Haliburton Highlands.
Reserve your Fall 2026 or Spring 2027 dates at The Haliburton
Post House. Mention In the Money for $1000 off your reservation!
E-mail
info@haliburtonposthouse.ca for more information.
Links
https://inthemoneypod.com/
https://instagram.com/inthemoneypod
https://facebook.com/profile.php?id=61569721774740
https://twitter.com/inthemoneypod
https://tiktok.com/@inthemoneypod
questions@inthemoneypod.com
DISCLAIMERS
The information provided in this podcast is for informational
purposes only and does not constitute financial, investment, or
professional advice.The views expressed by the host and guests
are their own and do not necessarily reflect the opinions of any
organization or company. The host and guests may maintain
positions in any securities discussed on the podcast. Always
consult with a qualified financial advisor or professional before
making any investment decisions.
In the Money delivers expert stock picks, actionable ideas, and
timely money management tips. Hosted by business journalist Amber
Kanwar, each episode features interviews with top portfolio
managers who suggest ways to achieve good returns. Covering
everything from ETFs and Canadian stocks to global investing
trends, dividend strategies, and risk management, this show is
made for DIY investors, stock market enthusiasts, and anyone
looking to sharpen their financial strategy.
Contact: questions@inthemoneypod.com
#IntheMoney #Investing #StockMarket #CanadianInvesting
#FinancialNews
.
Kommentare (0)
Melde dich an, um einen Kommentar zu schreiben.