Last C$39.17 CAD
Change Today +0.96 / 2.51%
Volume 956.9K
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Company Description

Contact Info

145 King Street East

Suite 400

Toronto, ON M5C 2Y7

Canada

Phone: 416-947-1212

Fax: 416-367-4681

Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Finland, and Mexico. Business Units and Foreign Operations The company operates through three business units: Northern Business, Southern Business, and Exploration. The company's Northern Business includes the company's operations in Canada and Finland. Its Canadian properties include the LaRonde mine, the Lapa mine, the Goldex mine, the Meadowbank mine, and the Meliadine project, each of which is held directly by the company. The company's operations in Finland are conducted through its indirect subsidiary, Agnico Eagle Finland Oy, which owns the Kittila mine. The company's Southern Business includes the company's operations in Mexico. The company's mining at Pinos Altos is conducted through its subsidiary, Agnico Eagle Mexico S.A. de C.V., which owns the Pinos Altos mine, including the Creston Mascota deposit. The La India mine is owned by the company's indirect subsidiary, Agnico Sonora, S.A. de C.V. The company's Exploration group focuses primarily on the identification of new mineral reserves and resources and new development opportunities in proven gold producing regions. Exploration activities are concentrated in Canada, Europe, Latin America, and the United States. The company manages 65 properties in Canada, 5 properties in the United States, 3 groups of properties in Finland, 1 property in Sweden, and 10 properties in Mexico. Northern Business LaRonde Mine: The LaRonde mine is situated approximately halfway between the city of Rouyn-Noranda and the city of Val d'Or in northwestern Quebec (approximately 470 kilometres northwest of Montreal, Quebec) in the municipalities of Preissac and Cadillac. As of December 31, 2013, the LaRonde mine was estimated to have proven and probable mineral reserves containing approximately 3.9 million ounces of gold. The LaRonde mine consists of the LaRonde property and the adjacent El Coco and Terrex properties, each of which is 100% owned and operated by the company. Bousquet and Ellison Properties: The Bousquet property is located immediately west of the LaRonde mine and consists of 2 mining leases covering 80.0 hectares and 31 claims covering 384.9 hectares. The Ellison property is located immediately west of the Bousquet property and consists of eight claims covering 101.0 hectares. Lapa Mine: The Lapa mine is located approximately 11 kilometres east of the LaRonde mine near Cadillac, Quebec. As of December 31, 2013, the Lapa mine was estimated to contain proven and probable mineral reserves of 0.3 million ounces of gold. The Lapa property is made up of the Tonawanda property, which consists of 44 contiguous mining claims and 1 provincial mining lease covering an aggregate of 702.4 hectares; and the Zulapa property, which consists of 1 mining concession covering 93.5 hectares. Kittila Mine: The Kittila mine is located in northern Finland approximately 900 kilometres north of Helsinki and 50 kilometres northeast of the town of Kittila. As of December 31, 2013, the Kittila mine was estimated to contain proven and probable mineral reserves of 4.7 million ounces of gold. The total landholdings surrounding and including the Kittila mine comprise 1 mining licence (licence area of 847 hectares and licence extension area of 285 hectares) and 259 tenements covering approximately 24,356 hectares. Meadowbank Mine: The Meadowbank mine is located in the Third Portage Lake area in the Kivalliq District of Nunavut in northern Canada, approximately 70 kilometres north of Baker Lake. As of December 31, 2013, the Meadowbank mine was estimated to contain proven and probable mineral reserves of 1.8 million ounces of gold. Meliadine Project: The Meliadine project is an advanced exploration property located near the western shore of Hudson Bay in the Kivalliq region of Nunavut, approximately 25 kilometres north of the hamlet of Rankin Inlet and 290 kilometres southeast of the Meadowbank mine. The mineral reserves and resources of the Meliadine project contain proven and probable mineral reserves of 2.8 million ounces of gold as of December 31, 2013. The Meliadine property land package consists of 80,223 hectares of mineral rights, of which 76,793 hectares are held under the Northwest Territories and Nunavut Mining Regulations and administered by Aboriginal Affairs and Northern Development Canada and referred to as Crown Land. The Crown Land is made up of mining claims covering 25,507 hectares and mineral leases covering 51,286 hectares. Southern Business Pinos Altos Mine: The Pinos Altos mine is located on an 11,000-hectare property in the Sierra Madre gold belt, 285 kilometres west of the city of Chihuahua in the state of Chihuahua in northern Mexico. As of December 31, 2013, the Pinos Altos mine, including the Creston Mascota deposit, was estimated to contain proven and probable mineral reserves of 2.3 million ounces of gold and 59.4 million ounces of silver. The Pinos Altos property is made up of 2 blocks, such as the Agnico Eagle Mexico Concessions (22 concessions and 26,810.2 hectares) and the Pinos Altos Concessions (18 concessions and 5,053.1 hectares). La India Mine: As of December 31, 2013, the La India mine was estimated to contain proven and probable mineral reserves of 0.8 million ounces of gold. The La India property consists of 53 mining concessions totaling approximately 60,407 hectares in the Mulatos Gold Belt in Sonora, Mexico.

 

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