TORONTO—Agnico Eagle Mines Limited has announced the conclusion of construction at its Meliadine gold mine in Nuvavut, enabling commissioning of the project.
A May 30 announcement indicated that commercial production was achieved at the mine on May 14.
Located near Rankin Inlet in Nunavut, the Meliadine project was acquired in July 2010 and is Agnico Eagle’s largest gold deposit in terms of mineral resources. The company owns 100 per cent of the 111,358-hectare property.
The firm’s board of directors approved construction of infrastructure at the mine in February 2017. Initial ore processing commenced in early February 2019 using low-grade stockpiles. Pre-commercial payable gold production totalled 47,281 ounces.
Total project construction costs were reported to be below the 2017 guidance of $900 million (in U.S. dollars). A further update on capital costs will be provided with the company’s 2019 second quarter results.