LaRonde Complex

Cadillac, northwestern Quebec, Canada

The 100% owned LaRonde Complex, located in the Abitibi region of northwestern Quebec, is comprised of 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 in June 2018, with ore processed at the LaRonde mine’s processing facilities.

Key Facts

Mine Type


2021 production

379,734 oz gold

2021 production costs

$760/oz gold

2021 total cash costs

$535/oz gold

Gold reserves

3,802,000 oz

2022 production guidance

380,000 oz gold

2022 total cash costs guidance

$641/oz gold

Mine life


Mine Production

2021 Output