Twitter

Agnico Eagle

Agnico Eagle explores extending life of Meadowbank, Meliadine mines – by Jeff Pelletier (Nunatsiaq News – April 9, 2025)

Homepage

Hope Bay in Kitikmeot Region is also part of company’s future, VP says

Agnico Eagle Mines Ltd. is looking at extending the lives of its two Kivalliq Region mines beyond their planned closure dates. “It’s safe to say that Nunavut is an important platform for Agnico Eagle,” said Chris Adams, Agnico Eagle’s vice-president for Nunavut, speaking alongside executives from B2Gold Corp. and Baffinland Iron Mines Corp. on a panel Wednesday at the Nunavut Mining Symposium in Iqaluit.

Agnico Eagle’s Meadowbank site, which produced 504,719 ounces of gold last year and employs 1,831 people, is scheduled to close in 2028.

Read more

Detour Lake mine still shines as one of Agnico Eagle’s stars – by Ian Ross (Northern Ontario Business – February 24, 2025)

https://www.northernontariobusiness.com/

Underground mine construction activity planned for 2025, pending arrival of government permit

Agnico Eagle wants to grow its northeastern Ontario assets by more than 50 per cent as early as 2030. The leading Toronto gold company has a slew of development projects underway in Ontario, western Quebec and Nunavut, including the Detour Lake mine, northeast of Cochrane, where plans are afoot to drive production there to one million ounces a year.

Both the Detour expansion and the Upper Beaver mine project in the Larder Lake area are looked upon as two of Agnico’s catalysts for growth.

Read more

Agnico Eagle wants to buy its gold exploration neighbour in western Quebec – by Staff (Northern Ontario Business – December 13, 2024)

https://www.northernontariobusiness.com/

Agnico eyes O3 Mining’s Marbon deposit with $204-million cash offer

Agnico Eagle is looking to expand its mining footprint in the Abitibi region. The Kirkland Lake and Detour Lake gold miner is making a takeover bid for O3 mining, a neighbouring gold company on the Quebec side of the prolific Abitibi mineral belt.

Agnico announced Dec. 12 that it has entered into a definitive support agreement to acquire all of the outstanding common shares of O3 in an offer valued at $204 million. The proposed deal is built around the acquisition of O3 Mining’s main asset, its Marban Alliance property, located outside Val d’Or, that is next to Agnico Eagle’s Canadian Malartic mine complex.

Read more

First Nations, foreign recruits bolster gold miner Agnico Eagle’s workforce – by Len Gillis (Northern Ontario Business – Novemver 18, 2024)

https://www.northernontariobusiness.com/

Executive Andre Leite pledges to continue supporting First Nations and Indigenous business partnerships in the North

The vice-president of Canada’s largest gold mining company said there is a lot of excitement these days in the industry, but it’s not just related to the rapidly rising price of gold, which has reached record levels in recent weeks.

Andre Leite, vice-president of Agnico Eagle Mines’ Ontario operations, said his company is working hard to maintain best possible working relations with First Nations both in providing jobs and sustainability for mining operations on Indigenous lands in Northern Ontario.

Read more

Sudbury companies can tap into Ontario’s gold rush, chamber told – by Hugh Kruzel (Sudbury Star – November 15, 2024)

https://www.thesudburystar.com/

Agnico Eagle Mines Limited outlines its plans to develop gold mines in the province

Agnico Eagle Mines Limited is planning to spend billions developing gold mines in Ontario – a fact that should benefit mining services and supply companies based in Sudbury. That’s one of the messages Andre Leite, Ontario vice president of Agnico Eagle Mines Limited, brought to a Greater Sudbury Chamber of Commerce President’s Series Luncheon on Thursday.

Agnico Eagle’s business is gold production and Sudbury is the home base for Leite. His company is recognized globally for its leading environmental, social and governance practices.

Read more

Times of ‘Wild West’ in mining are over: Agnico Eagle – by Arty Sarkisian (Nunatsiaq News – October 28, 2024)

Homepage

People remain suspicious of resource extraction even though more regulations are in place, says company director

Many Nunavummiut have misconceptions about mining, says Pujjuut Kusugak. Kusugak is the director of Nunavut affairs for Agnico Eagle, which operates multiple gold mines in Nunavut. “People still remember how mines used to operate — Wild West do whatever you want, no safety concerns,” he said in an interview with Nunatsiaq News at the Agnico Eagle office in Rankin Inlet.

People assume that the company still “does whatever it wants,” he added, but today Nunavut has some of the strictest regulations that protect the environment using both territorial and federal laws. Meliadine mine would have been “shut down” very quickly if it was operating the same way mines used to operate, Kusugak said.

Read more

Agnico Eagle’s Meliadine mine close to extracting 2M ounces of gold – by Arty Sarkisian (Nunatsiaq News – October 16, 2024)

Homepage

Milestone expected to be reached in November; Nunatsiaq News takes tour to learn how ore is transformed

Agnico Eagle’s Meliadine gold mine is nearing a milestone. In November, the company projects the mine located near Rankin Inlet will have produced two million ounces of gold, said Pujjuut Kusugak, director of Nunavut affairs for Agnico Eagle Mines Ltd.

Two million ounces is just under 57 tonnes — or perhaps a more appropriate measurement for such occasions, approximately 28.5 small elephants. Nunatsiaq News was given a tour Oct. 2 of the above-ground part of Meliadine mine to learn how rock gets blasted, excavated, crushed and transformed via chemical reaction into such an enormous amount of gold.

Read more

‘Proud northern miners’: Detour Lake gold used for mint’s new coin – by Marissa Lentz-McGrath (Timmins Today – October 11, 2024)

https://www.timminstoday.com/

It’s the first time that a Northern Ontario mine is being used for the initiative

If you ever wanted to own gold poured right here in Northern Ontario, now’s your chance. The Royal Canadian Mint has launched its 2024 single-sourced gold maple leaf coin. It’s crafted entirely from gold poured from Agnico Eagle’s Detour Lake mine.

Detour Lake is located about 300 kilometres northeast of Timmins, this is the second time Agnico has teamed up with the Royal Canadian Mint for the bullion — a coin made from highly refined precious metal. It’s the first time a Northern Ontario mine is featured in the program.

Read more

Agnico Eagle eyes 2030 mine startup for Larder Lake-area deposit – by Ian Ross (Northern Ontario Business – August 7, 2024)

https://www.northernontariobusiness.com/

Gold company spending US$300 million on exploration ramps at Upper Beaver, Detour Lake

Agnico Eagle is spending a combined US$300 million on two exciting gold projects in northeastern Ontario to lengthen its life in the Abitibi gold belt.

Heading into the next decade, the Toronto gold company has plans to build two underground mines by expanding its Detour Lake mine, northeast of Cochrane, and develop its Upper Beaver Project, north of Larder Lake. To Agnico, both Detour and Upper Beaver are considered low-cost, long-life projects with solid returns and blue sky potential.

Read more

Anglo Suspends Production at Australian Steelmaking Coal Mine – by Paul-Alain Hunt and Victoria Cavaliere (Bloomberg News – June 30, 2024)

https://www.bnnbloomberg.ca/

(Bloomberg) — A fire at Anglo American Plc’s biggest metallurgical coal project in Australia halted production, with the miner saying it may take months for it to be extinguished. Anglo, which is seeking to sell the mine as part of a turnaround plan, fell as much as 4%.

A methane explosion on Saturday caused the fire at the Grosvenor underground mine, which accounts for about 30% of the company’s annual production of coking coal in Queensland state, Anglo said in an emailed statement Monday. No one was injured.

Read more

Agnico Eagle looks underground at Detour Lake pit – by Ian Ross (Northern Ontario Business – June 20, 2024)

https://www.northernontariobusiness.com/

Agnico Eagle sizes up $1-billion investment to construct underground exploration ramp, expand mill production

Agnico Eagle is on a path to upsize its Detour Lake mine, near the Quebec border, into a one-million-ounce per year gold producer.

The Toronto gold company has posted a preliminary economic assessment and a new mine plan that involves digging beneath its current open-pit operation to tap into a “high-grade core of mineralization” and follow a gold system that tracks west on its property.

Read more

Sean Boyd built Canada’s largest miner. Now he’s fighting for the nation’s Arctic sovereignty – by Gabriel Friedman (Financial Post – June 20, 2024)

https://financialpost.com/

The longtime leader of Agnico Eagle is newly focused on his vision of how industry and government can partner to develop the North

Sean Boyd has spent the past four decades building Toronto-based Agnico Eagle Mines Ltd. into Canada’s largest mining company and the world’s second-largest gold miner.

Now, having “retired” in December and transitioned to company chair from executive chair, he is making frequent visits to Ottawa to push the federal government to more aggressively assert sovereignty over the Canadian Arctic, where Agnico has built three mines (two are currently producing) and is planning a fourth project.

Read more

Aboriginal corporation Djaara enters into ‘historic’ gold mining agreement with Canada’s Agnico Eagle – by Tyrone Dalton (Australian Broadcasting Corporation – May 13, 2024)

https://www.abc.net.au/

Canadian company Agnico Eagle Mines has signed an agreement with traditional owner group Djaara to compensate First Nations people for gold mined at the Central Victorian-based Fosterville Gold Mine. The agreement — “bakaru wayaparrangu”, meaning “in the middle we all meet” — has been seven years in the making and is being hailed by the two organisations as a first for an active mining company in Victoria.

Mining agreement ‘compromise’

Dja Dja Wurrung Clans Aboriginal Corporation chair Rebecca Phillips represents her ancestors, the Malcolm family line, and said the mining agreement was significant for all Indigenous peoples.

Read more

Nunavut operations contribute to ‘record’ quarter for Agnico Eagle – by Jeff Pelletier (Nunatsiaq News – May 2, 2024)

Homepage

Strong production at Agnico Eagle Mines Ltd.’s Nunavut gold mines played a role in achieving a “record” first quarter this year, the company says. Agnico released its first quarterly financial report for 2024 last week.

CEO Ammar Al-Joundi said in a news release the company is reporting a “second consecutive quarter of record operating margins and record free cash flow.” The company reported an adjusted net income of around US$377.5 million for the first quarter of this year from its mining operations around the world. That’s up from around US$282.3 million the previous quarter.

Read more

Agnico’s Nunavut mines start 2024 strong – by Shane Lasley (North of 60 Mining News – April 26, 2024)

https://www.miningnewsnorth.com/

For Agnico Eagle Mines Ltd., the remote but highly mineralized territory of Nunavut offers high rewards, as long as the high risks that come with building and operating mines in Canada’s remote North are managed.

Given the nearly 900,000-ounce-of-gold-per-year pace of production at its Meliadine and Amaruq mines so far this year, coupled with new gold discoveries that bode well for its Hope Bay mine project, Agnico has a grasp on what it takes to reap the rewards and mitigate the risks associated with mining in Nunavut.

Read more