Agnico Eagle Mines

Agnico Eagle Mines Limited (Agnico Eagle) is a Canada-based international gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States. 

The Company operates in four segments: Canada, Europe, Latin America and Exploration. The Company’s mines and mine projects include the LaRonde mine, Lapa mine, Goldex mine project, Kittila mine, Pinos Altos mine, La India mine project and Meadowbank mine. Effective March 22, 2013, the Company acquired a 9.271% interest in Atac Resources Ltd. In April 2013, it acquired an 11.074% stake in Sulliden Gold Corp Ltd. In May 2013, it acquired the entire share capital of Urastar Gold Corp.

1953:Cobalt Consolidated Mining Co. is formed.

1956: After getting married and experiencing the death of his father, he was mature enough that he decided to go into business with his brother Norman to develop properties into producing mines.

1957: Agnico Eagle is a senior Canadian gold mining company that has produced precious metals.

1960: Agnico discovered a major silver deposit, but poor management squandered the company's opportunities and unwisely opted to lease out two of its best properties.

1961: The company, now known as New Jack Lake Uranium Mines Ltd., acquired some property in Joutel that it hoped might contain copper and zinc.

1963: Paul Penna gains control of Agnico.

1964: A year later it assumed yet another name, Equity Explorations Ltd., and as such began a drilling program.

1965: In March, assay reports were so promising that Equity's stock jumped to nearly $2 a share and the company was able to take advantage of sudden interest to sell $800,000 of new shares.

1966: Also during the 1960s Penna began his involvement with Eagle Gold Mines, which was launched in 1945 as Jack Lake Mines Ltd., a base metals company with a few claims in Quebec. As a result, Penna was able to wrest away control and was elected president in November 1966.

1967: One of the first things he did was change its name; in February 1967 Equity became Eagle Gold Mines. Penna gains control of Equity Exploration Ltd. and renames it Eagle Gold Mines.

1971: He bought the Telbel property adjoining Eagle, which he had targeted years earlier.

1972: Then, the two mining companies merged, becoming Agnico-Eagle Mines Limited.

1974: Two years later, in February, the Eagle mine became operational, just in time to take advantage of record gold prices.

1983: Our Board of Directors has declared a cash dividend every year since 1983. Agnico Eagle has declared a cash dividend every year since this one.

1988: Our flagship LaRonde mine has produced 6.3 million ounces of gold and remains a consistent engine of earnings and cash flow. During this period, Agnico Eagle also acquired the property and assets of Dumagami Mines Limited in north-western Quebec, which had recently gone into production.

1989: Celej is a Senior Portfolio Manager with RBC Dominion Securities Inc. To honour him, Penna renamed the mine at Dumagami the LaRonde Mine. It was folded into the Agnico-Eagle operations.

1993: They completed the purchase of the Goldex mine, becoming the 100% owner of the largest unexploited gold deposit in Quebec.

1996: Paul Penna dies.

2000: Grosskopf was President of Cormark Securities Inc. and co-founder of Newcrest Capital Inc. which was acquired by TD Bank Financial Group in 2000.

2001: Allaire has been with Agnico Eagle since 2001 and has held increasingly senior operational and supervisory roles at our Meadowbank and La Ronde mines as well as in our Abitibi (Quebec) region operations.

2004: Acquired an interest in a Finnish company, Riddarhyttan Resources AB, gaining a stake in the Surrikuusikko gold deposit located some 500 miles north of Helsinki. Cook was the Corporate Director, and Controller and has held increasingly senior finance and accounting-related roles in the Company.

2005: International Directory of Company Histories, Volume 71, St James Press, 2005. Prior to joining the Company's Investor Relations team, Mr Early, Agnico-Eagle entered into an option agreement to acquire a project in northern Mexico's Sierre Madre gold belt.

2007: Prior to his appointment, he held the role of Corporate Director, Treasurer where he helped develop and grow Agnico Eagle’s treasury and financial risk management strategy and has also held the role of Mine Controller at the Meadowbank Mine since.

2008: He joined Agnico Eagle as Manager, of Taxation and Treasury Operations.

2010: Agnico Eagle completed the purchase of the Meliadine property, located southeast of Meadowbank near Rankin Inlet, Nunavut.

2011: Cafazzo is named the Vice President, of Information Technology. Prior to his appointment, he held roles as Vice President, Environment and Corporate Director, Environment and has been with Agnico Eagle. The company also announced a $70 million (CAD) investment in Rubicon Minerals, representing a 9.2% ownership stake and access to the Phoenix gold project located in the heart of Red Lake, Ontario.

2014: Canadian Malartic (50% interest obtained in June) is one of the world's largest gold producers. The La India open-pit, heap leach operation, also in northern Mexico, achieved commercial operations.

2016: Prior to his appointment, he held roles various roles including General Manager - Meadowbank Complex and General Manager, Meliadine and has been with the Company since. Agnico Eagle was ranked as the 14th best of 92 oil, gas, and mining companies on indigenous rights in Arctic resource extraction.

2017: Agnico Eagle celebrated its 60th anniversary.

2018: CEO Sean Boyd received The Northern Miner's "Mining Person of the Year Award" at the annual Pacific Mine Forum (PMF).

2019: Our second gold mine in Nunavut, Meliadine, achieved commercial production in May, and the mine produced 191,113 ounces of gold in 2019. Prior to joining Agnico Eagle, he held progressively senior roles in Investment Banking with TD Securities focused on M&A and financings in the global resources sector. The 55,000-tonnes/day open pit mine and plant produced 669,000 ounces of gold (on a 100% basis). During the transition year at the Meadowbank Complex, as mining commenced from the Whale Tail pit at Amaruq and ceased at Meadowbank, 193,000 of gold were produced in total at the Meadowbank Complex. Kittila produced 186,000 ounces of gold, and an ongoing expansion project including shaft construction and mill upgrades is expected to increase the mill throughput by 25% to 2 million tonnes.

2020: Canadian Malartic produced its 5 millionth ounce on June 18. Martin Plante is the VP, of Nunavut and has held this position since this year.

2021: Aglukkaq was a member of the Board of Directors of TMAC Resources Inc. until its acquisition by the Company in February. The Honourable Leona Aglukkaq, an experienced politician and government administrator from the Kitikmeot Region of Nunavut, received the 2021 Women in Mining Canada Indigenous Trailblazer Award.

2022: Al-Joundi was appointed President and Chief Executive Officer (CEO) of Agnico Eagle Mines Limited in February.

To build a high-quality, easy to understand business one that generates superior long-term returns for our shareholders, creates a great place to work for our employees and contributes positively to the communities in which we operate.

Committed to not only meeting but going beyond, regulatory requirements for health, safety, environmental, social and governance matters. With the combined expertise of the Agnico Eagle and Kirkland Lake Gold teams and our strong regional focus in some of the most politically stable jurisdictions in the world, we firmly believe we will continue to demonstrate clear leadership not only in sustainability but in all aspects of our business.