NYSE: AEM 40.15
+0.02 +0.05%
Volume: 89,631
April 24, 2019
TSX: AEM 54.04
+0.12 +0.22%
Volume: 20,984
April 24, 2019
Gold: 1,273.65
+0.50 +0.04%
Volume:
April 24, 2019

Operations & Projects

    Operating Mines Development Projects

    Strategy

    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.

    Production Summary & Forecast

    Delivering on Performance: : For the seventh year in a row, our operations exceeded their production targets in 2018, allowing us to increase our guidance to the market and lower our costs.

    In 2018, payable gold production totaled 1,626,669 ounces of gold, with production costs per ounce of $713, total cash costs per ounce of $637 and all-in sustaining costs per ounce of $877, on a by-product basis. In 2019, payable gold production is expected to be 1,750,000 ounces, while total cash costs per ounce are expected to be between $620 and $670, and all-in sustaining costs are forecast between $875 and $925 per ounce of gold, on a by-product basis.

    Full-year 2018 Production Summary and 2019 Guidance


    2019 Guidance* Full-year 2018
    Realized Price for Gold (per ounce)
    $1,266
    Realized Price for Silver (per ounce)
    $15.51
    Realized Price for Zinc (per tonne)
    $3,034
    Realized Price for Copper (per tonne)
    $6,543
    Total gold (ounces) 1,750,000 1,626,669
    Total silver (x000 ounces)
    4,524
    Zinc (tonnes)
    7,864
    Copper (tonnes)
    4,193
    Weighted average production costs per ounce of gold (by-product basis):
    $713
    Weighted average total cash costs per ounce of gold (by-product basis): $620 to $670 $637
     Weighted average all-in sustaining costs per ounce of gold (by-product basis):  $875 to $925 $877
    *Guidance as of February 14, 2019