Agnico's golden rise to the top

How did Agnico Eagle achieve record production and industry-leading margins in 2024? Kitco’s Senior Mining Editor and Anchor Paul Harris interviews Ammar Al-Joundi, President & CEO of Agnico Eagle Mines, at the 2025 BMO Global Metals, Mining and Critical Minerals Conference. Al-Joundi discusses the company's outstanding performance in 2024, featuring record production and a 50% all-in-sustaining cost margin. He highlights Agnico Eagle's dedication to controlling costs and maximizing shareholder returns through dividends and share buybacks. Al-Joundi also explains the company's strategic acquisitions, such as O3 Mining, aimed at leveraging infrastructure and enhancing value per share, with a goal to attract generalist investors to the gold sector.

Key points:
• Record production in 2024
• Industry-leading margins
• Returning capital to shareholders
• Strategic acquisitions like O3 Mining
• Attracting generalist investors

Special thanks to our sponsor, First Majestic, for making this coverage possible. Visit https://www.firstmajestic.com/ to learn more.

00:00 Introduction: Agnico Eagle Mines' Stellar 2024 Performance
01:53 Cost Control and Financial Strategies
04:11 Growth Through Acquisitions
06:33 Community and Environmental Impact
08:11 Copper Investments and Future Strategy
10:47 Gold Sector Dynamics and Investor Relations
13:50 Future Trends and Agnico Eagle's Goals