Gold producer Agnico Eagle CEO Sean Boyd said on Thursday that he remained confident in the business, despite trimming its 2020 guidance to reflect a slower ramp-up at its new mines in Nunavut, Canada.
The miner, which also owns operations in Finland and Mexico, is forecasting 2020 production to be 1.875-million ounces, compared with the most recent guidance of 1.9-million to 2-million ounces.
Agnico explained that the guidance was reduced owing to revisions to the mine plans at the Nunavut operations and LaRonde, Quebec.