NYSE: AEM 43.83
-0.50 -1.13%
Volume: 1,159,972
March 24, 2017
TSX: AEM 58.66
-0.49 -0.83%
Volume: 445,976
March 24, 2017
Gold: 1,244.93
-1.12 -0.09%
Volume:
March 24, 2017

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

2016 production and costs (Agnico Eagle’s 50% share)

Production - 292,514 oz gold

Production costs - $628/oz gold

Total cash costs - $606/oz gold

Gold reserves - 3,548,000 oz

Mine life

10 years

Mine Production

2016 Output

(Agnico Eagle’s 50% share)

Quarterly Gold Production

(Agnico Eagle’s 50% share)

Employees

694