Meadowbank Complex

North of Baker Lake, Kivalliq District, Nunavut Territory, Canada

The Meadowbank open-pit gold mine in the Kivalliq District of Nunavut — approximately 300 km west of Hudson Bay and 110 km by road north of Baker Lake — was Agnico Eagle’s first Low Arctic mine. The discovery and development of the Amaruq satellite deposit 50 km away has extended the life of the Meadowbank Complex by supplying a new source of ore to the existing Meadowbank mill.

Key Facts

Mine Type

Open Pit

2020 production

209,413 oz gold*

2020 production costs

$1,436/oz gold*

2020 total cash costs

$1,404/oz gold*

Gold reserves

2,891,000 oz

2021 production guidance

370,000 oz gold

2021 total cash costs guidance

$917/oz gold

Mine life


* Including 10,995 oz of pre-commercial gold production from Amaruq in 2020. Production and cash costs per ounce gold do not include pre-commercial production.

Mine Production

2020 Output