Meadowbank Complex

• Agnico Eagle acquired its ownership of Meadowbank in July 2007 when it acquired Cumberland Resources. Gold was first poured at Meadowbank in February 2010, and the mine produced its three millionth ounce of gold in Q4 2018.
  
  • An Inuit Impact and Benefit Agreement for the Meadowbank mine was signed with the Kivalliq Inuit Association to ensure that local employment, training and business opportunities arising from all phases of the project are accessible to Inuit Beneficiaries living in the Kivalliq region.
  
  • Agnico Eagle acquired the original IVR project mineral claims that contain the IVR pit in April 2013, through a Mineral Exploration Agreement with Nunavut Tunngavik Incorporated.
  
  • In the spring of 2014, the Company discovered the Whale Tail deposit, and estimated an initial inferred mineral resource at year-end. The project was renamed Amaruq, which means "large wolf" in Inuktitut. According to local legend, wolves were created to keep the caribou herds healthy.
  
  • The Amaruq satellite deposit at Meadowbank was approved for development in February 2017. Amaruq was officially opened on August 22, 2019 and the Company declared commercial production at the Whale Tail pit on September 30, 2019, and at the IVR pit on Dec. 31, 2020.
  
  • The Amaruq underground project was approved for development in February 2021, with commercial production achieved on August 1, 2022.


• In 2023, the Company approved an extension to the Amaruq life of mine to 2028 (compared to 2026 previously), which includes additional stopes from underground, a push-back from the IVR open pit and additional ounces from positive grade reconciliation.
  

For more details and the latest information on the Meadowbank complex, see the 2023 AIF and the most recent quarterly news release.