01:28:56 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Agnico Eagle Mines Ltd
Symbol AEM
Shares Issued 494,378,388
Close 2023-05-31 C$ 69.08
Market Cap C$ 34,151,659,043
Recent Sedar Documents

Globe says Agnico Eagle sees Sabia named Hydro-Que. CEO

2023-06-01 07:44 ET - In the News

The Globe and Mail reports in its Thursday edition that Quebec has named federal government mandarin and business veteran Michael Sabia as chief executive officer of Hydro-Québec. The Globe's Nicolas Van Praet writes that what Canada's current deputy minister of finance finds when he gets to the provincially owned company could be unlike anything he has dealt with before. After years at the helm of both public companies and high-profile government departments, Mr. Sabia brings a loaded résumé with him as he prepares to step into the top job at Hydro-Québec. There is one obvious reason Mr. Sabia was Premier François Legault's top choice for the job: He is a known quantity, a big-picture thinker who has proven he can tackle multipronged problems in a way that puts Quebec interests first. Currently, requests for electric power are vastly outstripping supply, and companies are being told no. Over the past two decades, only one industrial project in Quebec has started that required more than 50 megawatts of power -- Agnico Eagle and Yamana Gold's Malarctic gold mine. Now, Pierre Fitzgibbon, the province's Economy and Energy Minister, has 50 such projects sitting on his desk waiting to be rejected or approved.

© 2024 Canjex Publishing Ltd. All rights reserved.