Agnico Eagle: Operating Mines in Nunavut
Two large operating mines in Nunavut, Canada
Agnico Eagle operates eight mines located in Canada, Finland and Mexico. Its operations continue to execute on their business strategy of delivering high-quality growth while maintaining high-performance standards in health, safety, environment and community development. Agnico is focused on its two operating mines in Nunavut, Canada.
“We are the largest private employer in Nunavut. We think the potential there is for 100 years.” says President, Ammar Al-Joundi.
The Meliadine mine is in Nunavut Territory, northern Canada. Markedly, it is Agnico Eagle’s second mine in Canada’s Low Arctic, opening nine years after the Meadowbank mine. Meliadine is their largest gold deposit in terms of mineral resources.
Meliadine includes seven gold deposits, six of which are part of the current mine plan. The 111,358-hectare property covers an 80-kilometre-long greenstone belt.
The Meadowbank open-pit gold mine in the Kivalliq District of Nunavut — approximately 300 kilometres west of Hudson Bay and 110 kilometres by road north of Baker Lake — was Agnico Eagle’s first Low Arctic mine. Further, the discovery and development of the Amaruq satellite deposit 50 kilometres away has extended the life of the Meadowbank Complex by supplying a new source of ore to the existing Meadowbank mill.
More on Agnico Eagle
Agnico Eagle is a senior Canadian gold mining company that has produced precious metals since 1957. Its mines are located in Canada, Finland and Mexico, with exploration activities in each of these countries as well as in the United States and Sweden. The Company and its shareholders have full exposure to gold prices due to its long-standing policy of no forward gold sales. Agnico Eagle has declared a cash dividend every year since 1983.
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