Agnico Eagle says it is not interested in participating in Barrick’s North American IPO
TORONTO - Canadian gold miner Agnico Eagle is not interested in participating in Barrick Mining's proposed North American initial public offering (IPO), Agnico CEO Ammar Al-Joundi said in an interview on Tuesday. "It would not make sense for us to buy into their North America IPO...," Al-Joundi said.
"Strategically we have our own business and it is looking pretty good," he said, adding that it is not a question of valuation or whether it is a good deal or not. When asked if Agnico would at some point in future attempt to acquire the Nevada assets of Barrick, Al-Joundi said it is up to the Barrick board and management to decide what they want to do going forward.
Barrick declined to comment.
Agnico Eagle is in the world's top three gold producers. Barrick, which is Canada domiciled, is looking to launch a public listing of its North America business, by proposing to sell 10-15% equity. The proposed IPO is aiming for a dual listing in New York and Toronto.
Agnico Eagle's share prices have outperformed its peers this year that has put the company as one of the contenders to make big ticket acquisitions. In 2026, Agnico Eagle share prices have gained 15% making it one of the preferred large gold companies among institutional investors.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation


















