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LaRonde, Meliadine lead Agnico Eagle to file quarterly gold output

For the primary 9 months of 2021, Agnico reported internet earnings of $440.2 million, or $1.81 per share, in comparison with $306.4 million in 2020.

Gold manufacturing in the course of the third quarter 2021 reached file ranges at 541,663 oz. at all-in sustaining prices per ounce of $1,011. This contains 17,947 oz. from the lately acquired Hope Bay mine in Nunavut.

Quarterly manufacturing from the mines within the Abitibi area – LaRonde, Goldex and 50% of Canadian Malartic – totaled 222,373 oz. of gold. In Nunavut, the Mediadine mine has a file quarter producing 97,024 oz, together with pre-commercial manufacturing of 6,881 oz. from the brand new Tiriganiaq open pit.

The 1.53 million oz. of gold produced within the first 9 months of this yr was additionally a file.

Agnico confirmed that steerage for 2021 stays unchanged at roughly 2.05 million oz. with all-in sustaining prices of $950 to $1,000 per ounce. Capital expenditures for the yr are additionally unchanged at $803 million.

For Agnico’s international mines, the measured and indicated sources (as of Dec. 31, 2020) had been 341.4 million tonnes grading 1.4 g/t gold for 15.3 million contained oz., and the inferred useful resource was 283 million tonnes grading 2.57 g/t gold for 23.4 million contained oz. Confirmed and possible reserves whole 15.2 million tonnes grading 0.76 g/t gold for 115.5 million contained oz.

(This text first appeared within the Canadian Mining Journal)

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