NYSE: AEM 43.92
-0.36 -0.81%
Volume: 773,624
May 25, 2018
TSX: AEM 56.94
-0.12 -0.21%
Volume: 323,925
May 25, 2018
Gold: 1,302.36
-3.27 -0.25%
Volume:
May 25, 2018

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 sixth year in a row, our operations exceeded their production targets in 2017, allowing us to increase our guidance to the market and lower our costs.

    In 2017, payable gold production totaled 1,713,533 ounces of gold, with production costs per ounce of $621, total cash costs per ounce of $558 and all-in sustaining costs per ounce of $804, on a by-product basis. In 2018, payable gold production is expected to be 1,530,000 ounces, while total cash costs per ounce are expected to be between $625 and $675, and all-in sustaining costs are forecast between $890 and $940 per ounce of gold, on a by-product basis.

    Q4 2017 Production Summary and 2018 Guidance


    2018 Guidance* Q4 2017 Actual Q1-Q4 2017 Cumulative Actual
    Realized Price for Gold (per ounce)
    $1,279 $1,261
    Realized Price for Silver (per ounce)
    $16.72 $17.07
    Realized Price for Zinc (per tonne)
    $3,215 $2,829
    Realized Price for Copper (per tonne)
    $6,806 $6,345
    Total gold (ounces) 1,530,000 413,212 1,713,533
    Total silver (x000 ounces)
    1,265 5,016
    Zinc (tonnes)
    2,010 6,510
    Copper (tonnes)
    1,266 4,501
    Weighted average production costs per ounce of gold (by-product basis):
    $697 $621
    Weighted average total cash costs per ounce of gold (by-product basis): $625 to $675 $592
    $558
     Weighted average all-in sustaining costs per ounce of gold (by-product basis):  $890 to $940 $905 $804
    *Guidance as of February 14, 2018