The Meadowbank gold project in the Nunavut Territory of Canada is Agnico-Eagle’s first Low Arctic mine, declaring commercial production as of March 2010.  Meadowbank has proven and probable gold reserves* of 2.2 million ounces (24.5 million tonnes grading 2.8 grams/tonne gold) and a large gold resource. It is located on a very large property that has significant exploration potential for gold.

* Source  Meadowbank December 31, 2011 Reserves and Resources

Q1 2012 

• In Q1 2012, payable gold production of 79,401 ounces at a total cash cost per ounce of $1,020. Processed 887,000 tonnes of ore (9,748 tonnes/day), a quarterly record, with minesite costs of C$92 per tonne.
• Exploration started in April, focusing on extending Goose deposit southward into the deep Goose South deposit, and extending Vault deposit to southwest and east.