Agnico Eagle will not participate in Barrick Mining’s proposed initial public offering of its North American business, CEO Ammar Al-Joundi said in an interview on Tuesday. Barrick is proposing to sell 10%-15% of the unit through a dual listing in New York and Toronto. Al-Joundi said the decision reflected Agnico’s strategic focus rather than valuation concerns, while declining to rule on what Barrick may eventually do with its Nevada assets. Agnico, one of the world’s three largest gold producers, has gained 15% in 2026 and is among the preferred large gold companies for institutional investors.