Agnico Eagle to tap excess mill capacity in Abitibi gold Canada mining
Gold miner Agnico Eagle Mines will optimise and grow its Canadian assets this year, with a focus on Detour Lake and Canadian Malartic, while also establishing a plan to capitalise on excess mill capacity in the Abitibi region of Quebec.
Potential sources of ore for the excess capacity could come from near surface deposits at Macassa and the Amalgamated Kirkland deposit, the Upper Beaver and other Kirkland Lake satellite deposits, as well as the Wasamac project.The AK and near surface deposits at Macassa have the potential to produce 20 000 oz/y to 40 000 oz/y, starting in 2024. Ore can be processed at the LaRonde Complex, which is about 130 km away and will avoid the capital cost of expanding mill capacity at Macassa.
The Wasamac project is coming into Agnico Eagle’s fold through the acquisition of Yamana Gold’s Canadian assets. The 200 000 oz/y mine could also use Canadian Malartic for processing. With the acquisition, which is set to close next month, Agnico Eagle’s production in the Abitibi is forecast to be about 1.9-million to 2.1-million ounces a year through to 2025.
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