Agnico-Eagle is an international growth company focused on gold, with operations in Canada and advanced-stage projects and opportunities in Canada, Mexico, Finland and the U.S.A. The company’s operating history includes more than 30 years of continuous gold production primarily from underground operations. Since its amalgamation in 1972, Agnico-Eagle has produced over 4.0 million ounces of gold. We are one of the lowest total cash cost producers in the North American gold mining industry. By acquiring Cumberland Resources Ltd.’s stocks, Agnico-Eagle became the owner of the Meadowbank gold project.
The Meadowbank gold project is located in the Nunavut Territory of Canada and initial production is expected to begin in 2010. It has 2.9 million ounces of proven and probable gold reserves. Agnico-Eagle is planning for the capacity of the processing facility to be 8,500 tonnes per day. Preliminary estimates for capital expenditures to bring the project into production are C$375 million. An additional C$65 million is estimated to be spent over the eight-year mine life on sustaining capital. The average production rate is anticipated to be 350,000 ounces of gold per year, with a peak production in the range of 400,000 ounces annually in the first four full years. Total cash costs over the mine life are estimated to average C$250 per ounce.
Agnico-Eagle Mines Ltd. offers a competitive salary and benefits package.
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