The Goldex mine and plant reached commercial production in August 2008, becoming Agnico-Eagle’s second mine to open in the Abitibi region of northwest Quebec. It has proven and probable reserves of almost 1.6 million ounces of gold (24.7 million tonnes grading 2.1 grams/tonne gold).
First Quarter 2010
- Produced 42,269 ounces of gold, at a total cash cost per ounce of $375 in the three-month period
- Plant exceeded the design capacity (6,900 tonnes/day), averaging 7,410 tonnes of ore milled daily
- Minesite costs very low at C$24 per tonne; believed to be one of the lowest-cost underground hard-rock mines in the world
- Expansion project underway to increase mining and milling to at least 8,000-tonnes/day operation by early 2011; permanent surface crusher installation complete; increased mining rate expected by 2011
- 2010 exploration focus on resource conversion, and following mineralization to the west, east, above and at depth