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Agnico Eagle Temporarily Suspends Operations at Canadian Malartic's Barnat Pit After Rock Movement

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Agnico Eagle Mines (AEM.TO) has taken the precautionary measure of temporarily suspending mining operations at the Barnat open pit at its Canadian Malartic complex in Quebec, after a rock mass movement happened along the north wall of the pit.

The company confirmed there were no injuries, equipment damage or environmental impact from the event.

While Q2 production is expected to be slightly ahead of plan, at 845,000 ounces of gold, Agnico Eagle expects the rock mass movement to lower production in the second half of 2026 at Canadian Malartic by 60,000 to 80,000 ounces of gold. It now expects full year production to be near the lower end of its previous guidance range of 3.3 million to 3.5 million ounces of gold.

During the suspension of in-pit mining operations, the Canadian Malartic processing plant will be supplied with low-grade ore from existing stockpiles in place of planned Barnat ore feed.

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