Agnico Eagle Mines Limited Announces Senior Management Appointments
Mar 19 15
Agnico Eagle Mines Limited announced that Ammar Al-Joundi will be joining the Company as President, effective April 6, 2015. Mr. Al-Joundi was most recently Chief Financial Officer and Senior Executive Vice-President of Barrick Gold Corporation (from July 2012 to February 2015) and prior to that was Chief Financial Officer of Agnico Eagle (from September 2010 to June 2012). In his role as President, Mr. Al-Joundi will report to CEO Sean Boyd and assist him and the senior management team in setting and executing on Agnico Eagle's corporate strategy, optimizing the corporate structure and management processes, developing the next generation of senior management and building asset value through
effective capital allocation and risk management. With the Appointment of Mr. Al-Joundi as President, Mr. Sean Boyd's title will change to Vice-Chairman and Chief Executive Officer. In addition, the Company also announced the following strategic appointments to the senior management team: Dominique Girard has been appointed Vice-President Technical Services and Nunavut Operations. He joined the Company in 2000 and over his career with Agnico Eagle, Dominique has demonstrated strong expertise in planning, operating and leading in Northern conditions with senior level positions in Finland and Nunavut, including General Manager at the Meadowbank operations. In his new role, Dominique will lead business in Nunavut and will be responsible for optimizing the Company's assets and potential in the region. He will report to Yvon Sylvestre, Senior Vice-President Operations, Canada &Europe. In his Technical Services role, Dominique will continue to report to Jean Robitaille, Senior Vice-President, Business Strategy and Technical Services. To support Dominique in his new functions and to continue facilitating a stronger partnership between operations and technical services, Nancy Guay has been appointed Senior Corporate Director, Technical Services, reporting to Dominique. Nancy has been with Agnico Eagle since 2012 and has over 20 years of experience in operations, technical consulting, commissioning and project management. She also has engineering experience in process design, management study and consultation. Most recently, Nancy was Corporate Director, Business Strategy. In her new role, Nancy will enhance the project management capability of technical services and foster greater synergy with operations. Nancy is a Mining Engineer who graduated from Laval University. Michael Timmins has been promoted to Vice-President, Corporate Development. Michael has been with Agnico Eagle since May 2006 and his role has evolved and grown significantly over the years. Michael will continue to report to Don Allan, Senior Vice-President, Corporate Development and he will continue to work closely with Marc Legault, Senior Vice-President, Project Evaluations and the project evaluations group to secure high quality assets and opportunities. Carol Plummer has been appointed Vice-President, Project Development, USA &Latin America. Carol first joined Agnico Eagle in 2004 and has held several senior positions including General Manager at Kittila, LaRonde and Lapa, as well as Corporate Director, Mining. Most recently, she was Senior Director, Engineering &Project Development, USA &Latin America. Carol graduated as a Mining Engineer from Queens University. Carol's role will be to assemble a solid project development team and lead expansion efforts for the Southern Business Unit. Carol will report to Tim Haldane, Senior Vice-President Operations, USA &Latin America. Michel Julien has been appointed Vice-President Environment. Michel has been Corporate Director of Environment with Agnico since 2011. Prior to that, he had over 20 years of experience working in the geotechnical field and on mining, environmental and geotechnical issues with Golder and Associates.
Agnico Eagle Mines Limited Presents at Barclays Select Series 2015 Metals & Materials Cross Asset Forum, Mar-24-2015 09:00 AM
Mar 19 15
Agnico Eagle Mines Limited Presents at Barclays Select Series 2015 Metals & Materials Cross Asset Forum, Mar-24-2015 09:00 AM. Venue: 745 Seventh Avenue, New York, NY 10019, United States. Speakers: Brian James Christie, Vice President of Investor Relations, Yvon Sylvestre, Senior Vice President of Operations – Canada & Europe.
Agnico Eagle Completes Updats NI 43-101 Technical Report on the Meliadine Gold Project in Nunavut
Mar 16 15
Agnico Eagle Mines Limited completes updated ni 43-101 technical report on the meliadine gold project in nunavut. The updated technical study at Meliadine is based on extracting only the 3.3 million ounces of gold in proven and probable mineral reserves (13.9 million tonnes of ore at 7.44 grams per tonne ("g/t") gold), which is all contained in the Tiriganiaq and Wesmeg deposits. Not currently considered in the study are the 3.3 million ounces of gold in measured and indicated mineral resources (20.2 million tonnes at 5.06 g/t gold) and 3.5 million ounces of gold in inferred mineral resources (14.1 million tonnes at 7.65 g/t gold). As drilling continues it is anticipated that a significant amount of the current mineral resource will eventually be converted to mineral reserves and be considered in future development plans. The Meliadine mineral reserves were estimated using a gold price of $1,150 per ounce and a USD/CAD exchange rate of 1.08. A $150 per ounce increase in the gold price results in approximately a 5% increase in gold contained in the reserves and conversely a $150 per ounce decrease in the gold price results in approximately a 5% decrease in reserves. The technical report outlines a phased approach to the development of the Meliadine operations, with the mill averaging 3,000 tonnes per day ("tpd") of ore in years one to three, and 5,000 tpd of ore in years four to nine. The plan is that ore will come from underground operations in years one to nine, with open pit operations in two pits occurring in years four to seven as shown in the Tiriganiaq longitudinal section below. The current mine plan will be focused on the Tiriganiaq and nearby Wesmeg mineralized zones that will be accessed from the Tiriganiaq underground infrastructure.