Agnico Eagle Mines CEO Ammar Al-Joundi announced Tuesday the company has no interest in Barrick Mining's proposed North American initial public offering.
Barrick, a Canadian-domiciled major gold producer, plans to list 10-15% of its North American business. This will be a dual listing in New York and Toronto.
Al-Joundi's statement clarifies Agnico Eagle's position on the industry move. Agnico Eagle ranks as one of the top three global gold producers. The company prioritizes its own assets and projects over investing in a peer's carve-out.