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The Meadowbank mine is located in the Kivalliq region of Nunavut, about 2,600 kilometres northwest of Toronto. It is 300 kilometres west of Hudson Bay and 110 kilometres by road north of Baker Lake, the nearest community. Meadowbank was Agnico Eagle’s largest gold producer in 2014, with 1.8 million ounces of gold in proven and probable reserves* (17 million tonnes at 3.2 g/t). The mine is located on a very large property that has exploration potential for gold.
Meadowbank depends on the annual, warm-weather sealift by barge from Hudson Bay to Baker Lake for transportation of bulk supplies and heavy equipment. An all-weather road links Baker Lake to the site. An on-site airstrip is used for shipping food and goods and for transporting employees, who work on a fly-in, fly-out basis.
Mine commissioning and first gold production from the Portage open pit began in early 2010. The mine is expected to produce 430,000 ounces of gold in 2014, and an average of 380,000 ounces of gold per year from 2015 through 2016, with a mine life through 2017. (Agnico Eagle)