LaRonde Complex

Cadillac, northwestern Quebec, Canada

The 100% owned LaRonde Complex, located in the Abitibi region of northwestern Quebec, includes the LaRonde mine and the LaRonde Zone 5 mine (“LZ5”).

The LaRonde mine is the Company’s oldest operating mine and achieved commercial production in 1988. LaRonde’s 2.2-km deep Penna Shaft is now the deepest single-lift shaft in the Western Hemisphere. The LaRonde mine extension, the portion of the mine below level 245, achieved commercial production in December 2011 and under current mine plans is expected to be in production through 2030.

In 2003, the Company acquired LZ5, which lies adjacent to and west of the LaRonde mine and was exploited by open pit mining by its previous operator. The LZ5 mine achieved commercial production as an underground operation on June 1, 2018, with ore processed at the LaRonde mine’s processing facilities.

Key Facts

Mine Type

Underground

2020 production

349,913 oz gold

2020 production costs

$622/oz gold

2020 total cash costs

$517/oz gold

Gold reserves

3,772,000 oz

2021 production guidance

375,000 oz gold

2021 total cash costs guidance

$587/oz gold

Mine life

2030

Mine Production

2020 Output

Employees

959