|
|
The Goldex mine’s proximity to its LaRonde operation turned out to be a major boost, making the synergies of combined infrastructure possible. As a result, total cash production costs per ounce are currently running at $315, which compares favourably with initial forecasts. As production efficiencies increase, those costs are expected to fall further, bottoming out later in the mine life at a projected $270 per ounce. In fact, Agnico-Eagle regards itself as one of the lowest total cash costs per ounce producers in the North American underground mining industry. If current plans come to fruition, Goldex is expected to yield an average of 165,000 ounces of gold annually for the next ten years.
|
