LaRonde Complex

Cadillac, northwestern Quebec, Canada

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

The LaRonde mine achieved commercial production in 1988. LaRonde’s 2.2-km deep Penna Shaft is 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.

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.

Gold production at the LaRonde Complex in 2023 and 2024 is forecast to be approximately 275,000 ounces and 280,000 ounces, respectively, increasing to 310,000 ounces in 2025 and reaching an annual run-rate of approximately 325,000 ounces per year in 2026. Currently, the mine life of the LaRonde mine is 2036 and the mine life of LZ5 is 2032.


Key Facts

Mine Type


2022 production

356,337 oz gold

2022 production costs

$801/oz gold

2022 total cash costs

$703/oz gold

Gold reserves

3,225,000 oz

2023 production guidance

275,000 oz gold

2023 total cash costs guidance

$703/oz gold

Mine life


Mine Production

2022 Output