Canadian Malartic

Malartic, northwestern Quebec, Canada

Canadian Malartic, 25 km west of Val-d’Or in northwestern 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 and direct 50% ownership interest in the Partnership.

Key Facts

Mine Type

Open Pit

2019 production (Agnico Eagle’s 50% share)

Production - 331,459 oz gold

2019 production costs

$628/oz gold

2019 total cash costs

$606/oz gold

Gold reserves

2,389,000 oz

2020 production guidance (Agnico Eagle’s 50% share)

-- oz gold

Click here for our April 30, 2020 news release.

2020 total cash costs guidance (Agnico Eagle’s 50% share)

$--/oz gold

Click here for our April 30, 2020 news release.

Mine life

6 years

Mine Production

2019 Output

(Agnico Eagle’s 50% share)

Employees

726