Agnico Eagle reports wall movement at Barnat open pit, suspends mining

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Agnico Eagle Mines has temporarily suspended mining operations at the Barnat open pit of its Canadian Malartic complex in Quebec after a rock mass movement occurred along the north wall on July 1, 2026. There were no injuries, equipment damage, or environmental impact. The event took place in an area previously identified as having weaker geological structures and was under enhanced monitoring. While the processing plant will use low-grade stockpiles to mitigate near-term impact, the company expects the incident to reduce second-half 2026 production at Canadian Malartic by 60,000 to 80,000 ounces of gold, pushing full-year output toward the lower end of its 3.3 million to 3.5 million ounce guidance. Production in 2027 and 2028 could each be reduced by up to approximately 150,000 ounces, though the Odyssey mine development and the target of 1 million ounces annually from the complex in the early 2030s remain unaffected.

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Agnico Eagle Mines Limited
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Rock wall movement at Barnat open pit suspends mining, reducing 2026 production by 60k-80k oz and 2027-2028 by ~150k oz each.

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