Agnico Eagle COVID-19 and Operations Update
Mexico Operations
AGNICO EAGLE
Production
Pinos Altos
Q3 YTD 2020
Production and
Costs
78,127 ozs
at a production cost of
$1,117/oz and total
cash costs of $740/oz
Proven & probable
gold reserves: 1.0Moz
Highlights
Pinos Altos operations were suspended from April 2nd to May 18th as mandated by the Government of Mexico; Mining operations
progressively restarted on May 18th; As of June 1st Pinos Altos is operating at budgeted levels at 5,850tpd
At Cerro Colorado, the reconditioning activities in the area affected by challenging ground conditions continue and are expected to be
completed in Q4 2020. A revised mining plan has been adopted which balances a reduced tonnage from Cerro Colorado with increased
production from other zones
At the Sinter deposit, the development of the underground mine continues, and production is expected to begin in Q4 2020 as planned,
bringing additional flexibility to the Pinos Altos mine plan
Drilling has extended the high-grade portion of the Cubiro structure 400 metres along strike and to an average of 175 metres in vertical
extent above the ramp. There are indications that mineralization may reopen at depth below the current ramp
Creston Mascota
La India
34,397 ozs
at a production cost of
$844/oz and total
cash costs of $565/oz
Proven & probable
gold reserves: 0.1Moz
Creston Mascota operations were suspended from April 2nd until May 18 tt as mandated by the Government of Mexico, although residual
leaching continued through the shutdown; Creston Mascota has returned to normal operating level
The Bravo pit was depleted in September 2020; The Bravo pit produced approximately 129,000 ounces of gold, compared to the original
design of 66,000 ounces of gold
Closure activities will be conducted for the remainder of 2020 and in 2021
The inventories in the heap leach will be depleted in Q4 2020, while minor residual leaching will continue into 2021 according to the
progressive closure plan
62,581 ozs
at a production cost of
$824/oz and total
cash costs of $779/oz
Proven & probable
gold reserves: 0.5Moz
For the third year in a row, the La India mine was awarded the Silver Helmet by the Mexican Chamber of Mines for excellence in health
and safety performance in the category of "Open Pit Mine with up to 500 employees"
La India operations were suspended from April 2nd until May 18th as mandated by the Government of Mexico, although residual leaching
continued through the shutdown. Mining operations progressively restarted on May 18th; As of June 1st the site is operating at budgeted
levels with 18,000 tonnes placed on the heap leach per day
Installation of the new agglomeration system was completed under budget. The system was commissioned in early July 2020 and
supported the higher production rates achieved during Q3 2020
The 2020 drill program at Chipriona will be expanded from 6,000 metres to 16,000 metres to infill and extend the deposit at depth. This
expanded program supports the Company's development concept that Chipriona could potentially be developed in tandem with sulphide
mineral resources beneath leachable ore elsewhere on the property in a new phase of mining operations at La India
See AEM February 13, 2020 press release and appendix for detailed breakdown of mineral reserves and mineral resources.
CIBC 24th Annual Western Institutional Investor Conference 27View entire presentation