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Key Milestones. Gold was discovered at the Detour Lake property in 1974 and the first mining operation on site, owned by Placer Dome, produced 1.8 million ounces of gold from 1983 to 1999 as an open pit/underground mine. • Production during Detour Gold Corporation’s ownership (from 2013 to the acquisition by Kirkland Lake Gold on January 30 ...
Jul 16, 2024 · The mine is situated in the area of the historic Detour Lake open pit/underground mine operated by Placer Dome which produced 1.8 million ounces of gold from 1983 to 1999. The Detour Lake operation has a mine life of approximately 22 years with an average gold production of 659,000 ounces per year.
Jun 19, 2024 · Stock Symbol: AEM (NYSE and TSX) (All amounts expressed in U.S. dollars unless otherwise noted) Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) ("Agnico Eagle" or the "Company") is pleased to provide an update on the Detour Lake mine, located in Ontario. The Company has recently completed an updated mineral reserve and mineral resource estimate ("MRMR") and an updated life of mine plan (the ...
Agnico acquired its 100% interest in the Detour Lake mine back in February, 2022, via a merger with Kirkland Lake Gold. Detour Lake is the largest gold producing mine in Canada with large gold reserves of 19.9 million ounces. The mine is expected to produce 690,000 ounces of gold this year, up from 677,446 ounces in 2023. The underground ...
Jun 21, 2024 · Sustaining capital spending over the life of the underground mine amounts to US$631 million, about $40 million to $45 million a year from 2030 to 2043. The gold cut-off grade is 1.22 grams per tonne, which is amenable to underground mining, the company said. According to Ammar Al-Joundi, Agnico’s president-CEO, Detour Lake is a “world class ...
Jun 19, 2024 · Agnico Eagle Mines (TSX: AEM; NYSE: AEM) has updated its plans for the Detour Lake gold mine, including the preliminary economic assessment for underground development.The mine, currently operating as an open pit is located near Cochrane in northwest Ontario. As visualized, the project has the potential to bring annual production from the open pit and underground mines up to 1 million oz. of gold.
Located within the Abitibi gold belt, west of the Ontario-Quebec border, Detour Lake mine was reopened after a 14-year break in mining activities. With a potential production capacity of approximately 650,000 ounces of gold per year, the site’s total gold reserves are estimated at 15.6 million ounces over 21 years. To reactivate the mine and ...
Detour Lake, the largest gold-producing mine in Canada, currently operates as an open-pit mine in northeastern Ontario. The updated 2024 LoMP outlines a plan to develop an underground mining ...
Oct 26, 2023 · Agnico Eagle acquired its 100% interest in the Detour Lake mine in February 2022 as a result of its merger with Kirkland Lake Gold. Features Agnico Eagle, Artificial intelligence, gold operation, mining operations, Symboticware Post navigation. Unleashing the power of data ontology and knowledge graphs in mining: A deeper dive.
Agnico Eagle also said the PEA extends Detour Lake's mine life by two years to 2054, with upside potential for additional exploration to add ounces to the mine plan in future years, which could ...
