The Meadowbank gold mine – Agnico Eagle's first mine located in Canada's Arctic region – achieved commercial production in March 2010, with mining operations continuing until 2019. The development of the satellite Amaruq open-pit and underground mine 50 km away has extended the life of the Meadowbank complex by supplying a new source of ore to the existing Meadowbank mill. Commercial production at the Whale Tail pit at Amaruq began in September 2019 and commercial production of Amaruq underground was achieved in August 2022.

Today, the Meadowbank complex includes the processing facilities and infrastructure at the Meadowbank minesite (mill, tailings facilities, accommodation facility and airstrip) combined with mining and infrastructure at Amaruq (warehouse, fuel storage, second accommodation facility) linked by a 64-kilometre road. Amaruq ore is transported using long haul off-road type trucks to the mill at the Meadowbank facilities for processing.

Ore is processed using a conventional crushing, grinding, gravity, cyanidation and carbon-in-pulp processing facility to recover gold. The Meadowbank gold processing plant uses conventional technology adjusted to the Arctic climate. Gold-plated cathodes and gravity concentrate are smelted in an induction furnace and poured as doré bars.

Location

110 km by road north of Baker Lake, Kivalliq District, western Nunavut

Metals

Gold, by-product silver

Mine Type

Underground and open pit

2024 Performance

Production

504,719 oz gold

Production Costs

$918/oz gold

Total Cash Costs

$938/oz gold

2025 Guidance (Mid-Point)

Production

592,000 oz gold

Total Cash Costs

$1,022/oz gold

Mineral Reserves & Mineral Resources*

Proven & Probable Gold Reserves

1.6 million oz gold

Measured & Indicated
Gold Resources

1.3 million oz gold

Inferred Gold Resources

592,000 oz gold

Highlights

  • In February 2024, the Company approved an extension to the Amaruq life of mine to 2028 (previous mine life of 2026). The extension consists of a push-back of the IVR pit and additional stopes from the underground.
  • 2024 marked a significant milestone as the Meadowbank complex became the first Agnico Eagle operation in Nunavut to reach 5 million ounces of gold poured.

For more details and the latest information on the Meadowbank complex, see the Company’s latest Annual Information Form (opens in new tab) and recent news releases (opens in new tab).

Contact

Meadowbank Complex
P.O. Box 540
Baker Lake, Nunavut
Canada X0C 0A0

Tel: 1.867.793.4610