NYSE: AEM 45.38
-0.09 -0.2%
Volume: 1,401,180
February 23, 2017
TSX: AEM 59.53
-0.11 -0.18%
Volume: 731,869
February 23, 2017
Gold: 1,249.11
+11.57 +0.93%
Volume:
February 23, 2017

Operations & Projects

    Operating Mines Development Projects

    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 fourth year in a row, our operations exceeded their production targets, allowing us to increase our guidance to the market and lower our costs.

    In 2015, payable gold production totaled a record 1,671,340 ounces of gold, with total cash costs per ounce of $567 on a by-product basis. In 2016, payable gold production is expected to be approximately 1,600,000 ounces, while total cash costs per ounce, on a by-product basis, are expected to be between $580 and $620. All-in sustaining costs, on a by-product basis, are forecast between $840 and $880 per ounce of gold.

    Q3 2016 Production Summary and 2016 Guidance


    2016 Guidance* Q3 2016 Actual Q1-Q3 2016 Cumulative Actual
    Realized Price for Gold (per ounce)
    $1,332 $1,266
    Realized Price for Silver (per ounce)
    $19.52 $17.45
    Realized Price for Zinc (per tonne)
    $2,170 $1,945
    Realized Price for Copper (per tonne)
    $4,819 $4,613
    Total gold (ounces) 1,600,000 416,187 1,236,455
    Total silver (x000 ounces) 3,900 1,187 3,522
    Zinc (tonnes) 4,100 1,010 2,942
    Copper (tonnes) 4,600 1,177 3,472
    Weighted average total cash costs per ounce of gold (by-product basis): $580 to $620 $575 $580
    Weighted average all-in sustaining costs per ounce of gold (by-product basis): $840 to $880 $821 $821
    *Guidance as of October 26, 2016