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INFOGRAPHIC: Canada's Largest Gold Producing Mines

By Alex Létourneau of Kitco News
Tuesday July 1, 2014 9:00 AM

(Kitco News) - Oh, Canada! The vast northern country holds a multitude of metals and gold is amongst the most prevalent.

The country’s largest gold mine is Agnico Eagles Mines Ltd.’s (TSX:AEM)(NYSE:AEM) and Yamana Gold Inc.’s (TSX:YRI)(NYSE:AUY) Canadian Malartic mine, located in Quebec. An entertaining bidding war for the mine took place earlier this year, with Canadian dominant gold producer Goldcorp Inc. (TSX:G)(NYSE:GG) missing out on adding to its Canadian portfolio.

Don’t feel too bad for Goldcorp as the company currently operates its large Red Lake operations, made of two mines as well as the Porcupine operations, also made up of two mines.

Also on the docket for Goldcorp are its Cochenour and Éléonore mines, both scheduled to come online toward the end of 2014.

Cochenour, in the Red Lake mining district of Ontario, is expected to produce between 200,000 and 250,000 ounces of gold annually. Éléonore, located in northern Quebec, is expected to ramp up to roughly 600,000 ounces of gold annually once it hits full steam.

Agnico Eagle is also a firm player in the country with its large Meadowbank mine as well as its La Ronde and Goldex mines in Quebec.

Canada stands as the seventh-largest gold producing nation in the world.

Data compiled from CPM Group, Thomson Reuters GFMS and company reports

By Alex Létourneau of Kitco News aletourneau@kitco.com
Follow Alex Letourneau @alex_letourneau

 

 

 

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
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