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'Not party time', Agnico's Boyd tells forum

“It is not party time because gold is at US$2,000 per ounce,” Sean Boyd, CEO and vice chair of Agnico Eagle Mines, has told delegates during his keynote at the 2020 Americas Gold Forum, stressing the company’s aim to maintain capital discipline and stick to a $700 million annual capital allocation framework.

'Not party time', Agnico's Boyd tells forum 'Not party time', Agnico's Boyd tells forum 'Not party time', Agnico's Boyd tells forum 'Not party time', Agnico's Boyd tells forum 'Not party time', Agnico's Boyd tells forum

Sean Boyd (left) at the Americas Gold Forum

Agnico is on track to generate some $2.5 billion in free cash flow in 2022, yet despite company coffers overflowing with cash, Boyd made it clear it would not be frivolous with it.