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Nunavut projects boost Agnico gold outlook


Last updated 11/2/2018 at 3:50am

Gold mine development project near Rankin Inlet Nunavut

Agnico Eagle Mines Ltd.

Slated to reach commercial production in the second quarter, Agnico Eagle's Meliadine Mine in Nunavut is expected to produce 170,000 ounces of gold in 2019.

Agnico Eagle Mines Ltd. Oct. 25 said it expects to produce more gold than previously predicted both this year and next.

Based on strong operational performance, the company has raised its gold production guidance for 2018 to 1.6 million, slightly higher than the 1.58 million ounces of gold predicted at mid-year. Given the positive development progress at its Meliadine and Amaruq projects in Nu...

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