NYSE: AEM 37.33
+1.46 +4.07%
Volume: 942,849
November 21, 2018
TSX: AEM 49.52
+1.81 +3.79%
Volume: 670,922
November 21, 2018
Gold: 1,227.76
+5.32 +0.44%
Volume:
November 21, 2018

Canadian Malartic

Malartic, Quebec

Canadian Malartic, 25 km west of Val-d’Or, is the largest operating gold mine in Canada. The large open-pit mine and plant built by Osisko Mining Corp. began commercial production in May 2011. In June 2014, Agnico Eagle and Yamana Gold acquired Osisko and created the Canadian Malartic General Partnership that owns and operates the mine. Agnico Eagle and Yamana each have an indirect 50% ownership interest in the Partnership.

Key Facts

Mine Type

Open Pit

2017 production (Agnico Eagle’s 50% share)

Production - 316,731 oz gold

2017 costs

Production costs - $595/oz gold

Total cash costs - $576/oz gold

Gold reserves - 3,189,000 oz

Mine life

11 years

Mine Production

2017 Output

(Agnico Eagle’s 50% share)

Quarterly Gold Production

(Agnico Eagle’s 50% share)

Employees

699