Agnico Eagle CEO takes blame as gold miner shocks market with poor 2020 forecast [Toronto Globe and Mail (Ontario, Canada)]
Agnico Eagle Mines Limited (AEM)
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Source: Toronto Globe and Mail
Agnico Eagle CEO takes blame as gold miner shocks market with poor 2020 forecast A view of the portage pit at Agnico Eagle's Meadowbank mine in Nunavut, on June 28, 2011. Agnico is grappling with operational issues at many of its mines, causing it to cut its 2020 production forecast. Nichola Saminather/Reuters A view of the portage pit at Agnico Eagle's Meadowbank mine in Nunavut, on June 28, 2011. Agnico is grappling with operational issues at many of its mines, causing it to cut its 2020 production forecast. Investors and analysts punished Agnico Eagle Mines Ltd. after the big Canadian gold miner shocked the market with a host of unforeseen operational problems across multiple mines. Last year, Toronto-based Agnico put two new mines into production in the Arctic, but the ramp-up isn’t going to plan, with the company dealing with various challenges such as unanticipated equipment shortages. At La Ronde, the company’s flagship mine in Quebec, Agnico is grappling with ground stabili
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