Canadian Malartic

Malartic, northwest Quebec, Canada

Canadian Malartic, 25 km west of Val-d’Or, northwest Quebec, 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

2018 production (Agnico Eagle’s 50% share)

Production - 348,600 oz gold

2018 production costs

$573/oz gold

2018 total cash costs

$559/oz gold

Gold reserves

2,780,000 oz

2019 production guidance (Agnico Eagle’s 50% share)

330,000 oz gold

2019 total cash costs guidance

$576/oz gold

Mine life

13 years

Mine Production

2018 Output

(Agnico Eagle’s 50% share)