Macassa

Kirkland Lake, Ontario, Canada

The Macassa mine, located in the Town of Kirkland Lake, Ontario, remains one of the highest gold grade mines in the world. Since its initial discovery in the area in 1911, gold has been a staple in the town’s history. Between 1905 and 1935, a multitude of mines opened in the area that produced collectively more than 23 million ounces of gold in the 20th century.

Key Facts

Mine Type

Underground

2022 production

180,833 oz gold*

2022 production costs

$718/oz gold*

2022 total cash costs

$683/oz gold*

Gold reserves

1,913,000 oz

2023 production guidance

215,000 oz gold

2023 total cash costs guidance

$761/oz gold

Mine life

2029
*for the period from Feb. 8, 2022 to Dec. 31, 2022

Mine Production

2022 Output

* for the period from Feb. 8, 2022 to Dec. 31, 2022

Employees

864