Agnico and Barrick lead the top Canada miners today

Agnico Eagle Mines tops the list of Canadian miners by market value at C$81.9 billion ($59.8 million) at press time. Agnico operates the country’s biggest gold mines by output: Detour Lake and Canadian Malartic.

The company attributed this year’s first quarter net income of C$815 million to the higher gold price relative to a year ago, strong performance at Canadian Malartic, LaRonde, Macassa, and at its Nunavut operations; and strong free cash flow. Agnico completed the acquisition of explorer O3 Mining in March in an all-cash deal worth C$204 million. O3’s main Marban Alliance project is just northeast of 
.

Barrick Mining leads the list of Canadian miners by net income at $3 billion and is third by market value at C$50.1 billion.The miner, which dropped “Gold” from its name in May to reflect a shift towards copper, produced 758,000 oz. gold and 44,000 tonnes of copper in the first quarter. That’s down 19% from the 940,000 oz. gold it produced in the same period last year, while copper production increased 10%.

Barrick’s Loulo-Gounkoto mine in Mali has made headlines this year amid a tax dispute with the country’s military junta, which detained company executives last year, appointed an administrator to restart operations and seized around $117 million of gold in July.