Why One of the World’s Biggest Gold Miners Is Doubling Down on Canada

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. 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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: [email protected] #IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews .