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

2021 production

210,192 oz gold

2021 production costs

$684/oz gold

2021 total cash costs

$660/oz gold

Gold reserves

1,856,000 oz

2022 production guidance

180,000 oz gold

2022 total cash costs guidance

$718/oz gold

Mine life

2029

Mine Production

2021 Output

Employees

806