Agnico Eagle Mines CEO Ammar Al-Joundi stated that the company is "in a very favorable position" and will pursue mergers and acquisitions once suitable opportunities arise.

This move demonstrates the company's renewed openness to transactions after years of focusing on increasing output from existing mines. During Friday's earnings call, he stated: "When we see opportunities in mergers and acquisitions that can truly enhance per-share value, we are willing to take action—and we have already done so." He added that the company has "a very deep understanding of the various assets in the market." Al-Joundi had stated last September that the company was focused on organic growth and warned against pursuing "irresponsible mergers and acquisitions" simply because of high gold prices. The historic rally in gold prices has previously boosted miners' cash flow and pushed profit margins to record highs. Last year, Agnico Eagle surpassed Barrick Mining in annual production, becoming the world's second-largest gold producer.