As of 2010, Agnico-Eagle will have developed five new mines in three years, increasing gold production by more than 300%. We are well positioned to continue to grow output through internal expansion projects and ongoing exploration activities, as well as potential acquisitions, joint ventures and partnerships.
Growth Projects
Meliadine – In April 2010, we reached an agreement in principle to acquire all of the shares of Comaplex that we do not already own. Comaplex owns a 100% interest in the advanced-stage Meliadine gold project in Nunavut, Canada. The large, high-grade Meliadine property is approximately 300 kilometres from our Meadowbank mine and is a good fit with our Arctic skill set. Our plan is to accelerate an underground exploration program focused on expanding the resource and converting the large resource into reserves over the next two years. We expect to initiate a feasibility study prior to year-end 2011.

Internal Expansion Projects
LaRonde – Construction of the deep extension of the LaRonde mine is scheduled for completion in 2011. The project is expected to support a mine life through to 2022, with estimated life-of-mine gold production averaging 320,000 ounces per year.
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Goldex – We are increasing the production rate of the Goldex mine from 6,900 to 8,000 tonnes per day, leading to an additional 20,000 ounces of gold per year over the mine life starting in late 2011.
Learn more Kittila – A scoping study is assessing the economic feasibility of doubling annual gold production to 300,000 ounces. Study results will be reviewed in early 2011.
Learn more Pinos Altos – Construction of the new Creston Mascota operation has begun. It will produce an additional 46,000 ounces of gold per year for five years, starting in 2011. We are also studying the potential expansion of the Pinos Altos mill from 4,000 tonnes per day to 6,000 tonnes. The study is expected to be reviewed in 2010.
Learn more Meadowbank – A scoping study is underway to increase the production rate from 8,500 tonnes per day to approximately 10,000 tonnes. The study is expected to be reviewed in mid-2010.
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Business Development