Agnico Eagle shares sink despite posting record gold production in 2022. mining miningnews
Canadian Malartic, located in the Abitibi region of Québec, is a 50:50 joint venture between Yamana Gold and Agnico Eagle Mines.
In November, Agnico entered an agreement with Yamana Gold that would see the company expand its Canadian portfolio through the acquisition of Yamana’s interests in the Canadian Malartic mine, the Wasamac project in Quebec, and several other exploration properties in Ontario and Manitoba. This deal is expected to close next month.
At year-end, Agnico had measured and indicated resources of 44.2 million ounces and inferred resources of 26.3 million ounces . At the Odyssey project, underground development remains on schedule with initial production and start of shaft sinking expected in March 2023. Delineation drilling of the internal zones at Odyssey South in 2022 showed potential to add production in 2024-2026, and this year’s exploration expected to focus on further testing of these zones.
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