Agnico Eagle operates eight mines located in Canada, Finland and Mexico. Our operations continue to execute on our business strategy of delivering high quality growth while maintaining high performance standards in health, safety, environment and community development.
Agnico Eagle’s ability to consistently execute its business strategy has provided a solid foundation for growth. These three pillars – performance, pipeline and people – form the basis of Agnico Eagle’s success and competitive advantage. By delivering on them, the Company strives to continue to build its production base and generate increased value for shareholders, while making meaningful contributions to its employees and communities.
Delivering on Performance: For the fourth year in a row, our operations exceeded their production targets, allowing us to increase our guidance to the market and lower our costs.
In 2015, payable gold production totaled a record 1,671,340 ounces of gold, with total cash costs per ounce of $567 on a by-product basis. In 2016, payable gold production is expected to be approximately 1,600,000 ounces, while total cash costs per ounce, on a by-product basis, are expected to be between $580 and $620. All-in sustaining costs, on a by-product basis, are forecast between $840 and $880 per ounce of gold.
Q3 2016 Production Summary and 2016 Guidance