World No. 2 Gold Miner is ‘Willing to Move’ on M&A, CEO Says

Agnico Eagle Mines’ CEO Ammar Al-Joundi announced the company is now “very well-positioned” to pursue acquisitions, marking a strategic shift toward potential M&A activity after years of organic growth. The world’s second-largest gold miner signaled renewed openness to deals, reversing its prior focus on expanding output from existing mines rather than external purchases. Al-Joundi’s comments, made in February 2026, suggest the company is actively monitoring market opportunities but remains selective about potential targets. No specific acquisition plans were disclosed, though the statement implies financial readiness and strategic flexibility to capitalize on favorable conditions. The shift reflects broader industry trends, where consolidation is increasingly seen as a pathway to sustain growth amid fluctuating gold prices and resource constraints.