Agnico Eagle has no plans to join Barrick’s IPO

AI desk brief

Agnico Eagle said it will not join Barrick’s planned North America IPO, with CEO Ammar Al-Joundi saying the move “would not make sense” for the company and that Agnico is focused on its own business. Barrick is using the IPO to sharpen focus and unlock value from its North American portfolio, which includes Nevada Gold Mines, Pueblo Viejo and Fourmile and produced about 2 million attributable ounces of gold in 2025.

Analysts have said a standalone North American vehicle could be more attractive to major producers such as Newmont and Agnico than Barrick’s broader corporate structure. Timing is still uncertain, with Bloomberg reporting earlier this month that Barrick may delay the IPO until 2027 after originally targeting completion by end-2026.