Boom in gold price could bring new mine to Nunavut – Nunatsiaq News

Dec 8, 2025

Agnico Eagle also credits higher price for extending life of Meadowbank mine

Record-setting gold prices could spur construction of a new mine in Nunavut next year and prolong the life of Meadowbank gold mine, says an executive for Agnico Eagle Mines Ltd.

“[It] is good for us, but also good for Nunavut and Inuit organizations,” said Dominique Girard, executive vice-president and chief operating officer of Agnico Eagle Mines Ltd. for Nunavut, Quebec and Europe, in an interview.

“The gold mining business … is cyclical,” he said, adding “we are in a very good position.”

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