WHO’S WHO » GOLD GROUPS

Toronto

It is the global headquarters for listed gold groups: Kinross, Agnico and Yamana mine 5.1m ounces per annum worth C$9bn ($7bn)

$4bn

Yamana’s chairman Peter Marrone rolled-up a C$4bn market cap in four years; shares are down 88 per cent from their peak

“I made the mistake of saying I like lemon meringue pie”

Sean Boyd’s early years inside Agnico, auditing the company under penny stock salesman Paul Penna

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Ammar Al-Joundi

Agnico Eagle has no shortage of in-house talent, but first in line to one day replace CEO Sean Boyd is president Ammar Al-Joundi. With an MBA from Ivey in Ontario and having done 8-years at Citi, no one keeps a sharper eye on the group's diesel bill. Al-Joundi also did an 11-year stint at Barrick under founder Peter Munk, as finance chief of its South American business. Now 55, heading-up Agnico's team in meetings with banks, he is aiming for output of 2m ounces in 2020, up 23 per cent on 2018, and plans to keep to its policy of conservative deal flow. Most money is made with the drill bit, Al-Joundi says.

Andrea Freeborough

At Paracatu, one of Brazil’s largest gold mines, explosions go off every 9 minutes. Tripling output, Canada's Kinross Gold has spent $2bn expanding the operation. Its most recent acquisition: two massive dams for $257m, pumping electricity into the site until 2037, cutting $80 per ounce off costs. Behind the deal was Andrea Freeborough, a key figure inside the group’s Toronto head office behind CEO Paul Rollinson. Previously at KPMG in London and New Jersey, Freeborough joined as head of new investment and is now CFO. From Russia to Mauritania, any numbers going through the company go via Freeborough first.