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Bloomberg

Agnico Eagle (AEM) Flags Diesel Risk to Gold Output Costs Next Year

Thursday, October 29, 2026


Agnico Eagle Mines Ltd. said rising diesel prices could increase the cost of producing gold by as much as 80 dollars per ounce in 2026. The company cited the impact of fuel costs on mining operations. Agnico Eagle is a Toronto-listed gold mining company with operations in multiple countries.

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