Strongest pipeline he's seen in 25 years - Why Agnico Eagle's Ammar Al-Joundi can afford to be picky

President and CEO Ammar Al-Joundi is very satisfied with Agnico Eagle Mines' project pipeline. On Thursday Al-Joundi spoke to Kitco Mining. Agnico Eagle Mines (NYSE: AEM) is a Canadian based senior gold mining company. It's the third-largest gold producer in the world, producing precious metals from operations in Canada, Australia, Finland and Mexico. Agnico is guiding to 3.35 to 3.55 million ounces of payable gold production in 2024, with total cash costs per ounce and AISC per ounce in 2024 at $875 to $925 and $1,200 to $1,250, respectively. In June the company announced its plans for the Detour Lake Mine, located in Ontario. The company is spending $100 million investment over the next three years for study and de-risking. Detour Lake mine's overall production is expected to average one million ounces of gold per year over a 14-year period, starting in 2030.Al-Joundi was asked about the likelihood of an acquisition. Al-Joundi said the company can afford to be choosy. "I've been in this business for almost 25 years. I've never been with a company with as strong a pipeline as we have right now," said Al-Joundi. "So at Agnico Eagle, we are going to focus on a small handful of really good projects for the foreseeable future."Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.