Ammar Al-Joundi
Barrick Gold Corp.'s former chief financial officer is returning to Agnico Eagle Mines Ltd. as the gold miner's president, the company said on Thursday.
Ammar Al-Joundi served as Agnico's chief financial officer in between stints at Barrick, the world's biggest gold producer.
Mr. Al-Joundi was one of many Barrick veterans who have left the company since former Goldman Sachs executive John Thornton became Barrick's chairman last year.
He worked closely with Mr. Thornton when Barrick tried to merge with Newmont Mining Corp. That deal imploded over accusations of misrepresentations and personality clashes.
Mr. Al-Joundi will join a more stable environment at Agnico, which has had an easier time weathering the 30 per cent drop in gold prices.
Agnico, which has operations in Canada, Finland and Mexico, is one of the few gold miners making acquisitions and spending more on exploration. With Mr. Al-Joundi's joining Agnico, the company's CEO Sean Boyd will give up his role as president and also serve as its vice-chairman.
The change is effective early April.
Rachelle Younglai