Mar 02, 2018 Guest(s): Sean Boyd CEO, Agnico Eagle
Agnico Eagle's company mission has never been to compete with the largest major miners in the world in terms of size, but rather, to drive per share value, said Sean Boyd, the miner's CEO. Agnico Eagle posted record production and reserve numbers in 2017, and aims to continue growing production by 30% from 2018 to 2020, leveraging their Nunavut platform for growth."We've accelerated the timeline on the big project, which was Meliadine. So, we'll get to 2 million ounces in 2020, and these assets actually have the ability to take us beyond 2 million ounces," Boyd told Kitco News on the sidelines of the BMO Global Metals & Mining Conference.With news that Apple has intended to buy cobalt directly from suppliers, this industry metal has reached headlines in the mining space."We have a large land package in Cobalt, Ontario, that's where we got started in 1957, mining silver in Cobalt," Boyd noted. "We're certainly open to people who have that as their business to maybe selling [the asset at Cobalt]."