Rankin Inlet area, Kivalliq District, Nunavut Territory, Canada

The Meliadine mine in the Kivalliq District of Nunavut is Agnico Eagle’s second mine in Canada’s Low Arctic, opening nine years after the Meadowbank mine. Located near the western shore of Hudson Bay, about 25 km north of Rankin Inlet and 290 km southeast of our Meadowbank mine, Meliadine achieved commercial production in May 2019. The Company anticipates that, under current mine plans, mining at Meliadine will be carried out through several underground mining operations and open pits over a mine life extending to 2032. There are numerous opportunities to create additional value at Meliadine, both at the mine and on the large 80-kilometre regional land package.

Key Facts

Mine type

Underground and open pit

2023 Production

364,141 oz gold

2023 production costs

$944/oz gold

2023 total cash costs

$980/oz gold

Gold reserves
as at December 31, 2023

3,467,000 oz

See 2023 year end Mineral Reserves and Mineral Resources statement for additional detail.

2024 production guidance

370,000 oz gold

2024 total cash costs guidance

$960/oz gold

Mine life


Mine Production

2023 Output