10:26 AM EDT, 07/02/2026 (MT Newswires) -- Agnico Eagle Mines ( AEM ) said Thursday it temporarily suspended mining operations at the Barnat open pit of its Canadian Malartic complex in Quebec following a rock mass movement along the pit's north wall on Wednesday.

The suspension is a precautionary measure, and the company said its technical teams are conducting a detailed geotechnical assessment to confirm the stability of the affected area while planning for the safe resumption of operations.

The company said Q2 production was unaffected by the incident but expects the rock mass movement to reduce H2 production at Canadian Malartic by about 60,000 to 80,000 ounces of gold. It therefore expects full-year 2026 production to be near the lower end of its previously issued guidance range of 3.3 million to 3.5 million ounces of gold.

Shares of Agnico Eagle were down 1.8% in Thursday trading.

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