NYSE: AEM 47.84
+1.29 +2.77%
Volume: 1,126,147
June 23, 2017
TSX: AEM 63.43
+1.83 +2.97%
Volume: 446,677
June 23, 2017
Gold: 1,257.65
+6.28 +0.5%
Volume:
June 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 fifth year in a row, our operations exceeded their production targets, allowing us to increase our guidance to the market and lower our costs.

    In 2016, payable gold production totaled 1,662,888 ounces of gold, with production costs per ounce of $621, total cash costs per ounce of $573 and all-in sustaining costs per ounce of $824, on a by-product basis. In 2017, payable gold production is expected to exceed 1,570,000 ounces, while total cash costs per ounce are expected to be between $595 and $625, and all-in sustaining costs are forecast between $850 and $900 per ounce of gold, on a by-product basis.

    Q1 2017 Production Summary and 2017 Guidance


    2017 Guidance* Q1 2017 Actual
    Realized Price for Gold (per ounce)
    $1,223
    Realized Price for Silver (per ounce)
    $17.62
    Realized Price for Zinc (per tonne)
    $2,782
    Realized Price for Copper (per tonne)
    $6,277
    Total gold (ounces) 1,570,000 418,216
    Total silver (x000 ounces)
    1,198
    Zinc (tonnes)
    1,005
    Copper (tonnes)
    1,272
    Weighted average production costs per ounce of gold (by-product basis):
    $578
    Weighted average total cash costs per ounce of gold (by-product basis): $595 to $625 $539
     Weighted average all-in sustaining costs per ounce of gold (by-product basis):  $850 to $900 $741
    *Guidance as of April 27, 2017