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Operations

    Operating Mines

    Strategy

    Agnico Eagle’s ability to consistently execute its business strategy has provided a solid foundation for growth. These three pillars – performance, pipeline and people – form the basis of Agnico Eagle’s success and competitive advantage. By delivering on them, the Company strives to continue to build its production base and generate increased value for shareholders, while making meaningful contributions to its employees and communities.

    Production Summary & Forecast

    Delivering on Performance: For the eighth year in a row, our operations exceeded their production targets in 2019, resulting in record annual gold production.

    In 2019, payable gold production totaled 1,782,147 ounces of gold, with production costs per ounce of $735, total cash costs per ounce of $673 and all-in sustaining costs per ounce of $938, on a by-product basis.

    In 2020, payable gold production is expected to be 1.63 to 1.73 million ounces, while total cash costs per ounce are expected to be between $740 to $790, and all-in sustaining costs are forecast between $1,025 to $1,075 per ounce of gold, on a by-product basis.

    Full-year 2019 Production Summary and 2020 Guidance


    2020 Guidance* Full-year 2019
    Realized Price for Gold (per ounce)
    $1,406
    Realized Price for Silver (per ounce)
    $16.38
    Realized Price for Zinc (per tonne)
    $2,607
    Realized Price for Copper (per tonne)
    $5,892
    Total gold (ounces) 1.63 to 1.73 million ounces 1,782,147
    Total silver (x000 ounces)
    4,310
    Zinc (tonnes)
    13,161
    Copper (tonnes)
    3,397
    Weighted average production costs per ounce of gold (by-product basis):
    $735
    Weighted average total cash costs per ounce of gold (by-product basis): $740 to $790 $637
     Weighted average all-in sustaining costs per ounce of gold (by-product basis):  $1,025 to $1,075 $938
    *New guidance issued on April 30, 2020