Arctic mining key for region, and Agnico-Eagle: CEO

The future of the Arctic is the development of its natural resources, the head of one of Canada’s major gold miners says.

Agnico-Eagle Mines CEO Sean Boyd tells BNN the Arctic is a big part of the company’s strategy, with its Meadowbank property being the biggest arctic investment so far. “We’ve had a major impact in the region in terms of economic development.”

Agnico-Eagle’s activity is responsible for 12 percent of Nunavut’s GDP, according to Boyd.

“We’re big contributors up there. We’re going to get bigger because our Meliadine project will ultimately likely be – although it’s early – our single biggest gold producer and our single biggest gold deposit by reserves,” Boyd says.