Overview
- A localized rock mass movement occurred along the north wall of the Barnat open pit on Wednesday, July 1, 2026, prompting the response now under way at Canadian Malartic.
- Agnico Eagle has temporarily halted in‑pit mining at Barnat for safety, reported no injuries or equipment or environmental damage, and set exclusion zones while engineers assess stability.
- During the suspension the processing plant will be supplied with low‑grade ore from existing stockpiles to reduce disruption to operations and ore flow.
- The company estimates the event will cut Canadian Malartic output by about 60,000–80,000 ounces in the second half of 2026 and could reduce production by up to roughly 150,000 ounces per year in 2027–28, pushing full‑year 2026 toward the low end of its 3.3–3.5 million ounce range.
- Agnico says the movement should not change the Odyssey underground timetable or the path to about 1 million ounces a year in the early 2030s, OR Royalties says its near‑term guidance is unchanged, and a formal production and cost update is due with Q2 results on July 29, 2026.