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 fifth year in a row, our operations exceeded their production targets, allowing us to increase our guidance to the market and lower our costs.
In 2016, payable gold production totaled 1,662,888 ounces of gold, with production costs per ounce of $621, total cash costs per ounce of $573 and all-in sustaining costs per ounce of $824, on a by-product basis. In 2017, payable gold production is expected to be approximately 1,555,000 ounces, while total cash costs per ounce are expected to be between $595 and $625, and all-in sustaining costs are forecast between $850 and $900 per ounce of gold, on a by-product basis.
Q4 2016 Production Summary and 2017 Guidance