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Top 10 largest gold mines in Canada in Q1 2021 - report

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Gold production in Canada, Q1 2021 vs. prior corresponding quarters, koz.M

(Kitco News) - Gold production in Canada in Q1 2021 increased by 7% to 1,488 koz compared to 1,385 koz mined in Q1 2020. Canadian Malartic was the largest gold mine in Canada in first quarter.

Kitco analyzed Q1 2021 gold production in Canada based on corporate publicly reported quarterly data and ranked the top 10 largest domestic gold mines by production in first quarter.

Kitco estimates that gold mines in Canada produced 1,488 koz of yellow metal in Q1 2021, which is 7% more than a year before. The domestic quarterly gold production has reached new highs in first quarter.

The following is the list of largest gold mines in Canada by production in Q1 2021.

1. Canadian Malartic. 179 koz.

Jointly owned by Yamana Gold and Agnico Eagle, Canadian Malartic was the largest gold mine in Canada in Q1 2021. The mine had an exceptional first quarter, producing 179 koz of gold, which exceeded plan and greatly, by 38%, exceeded the comparative period in 2020, due to higher grades and recoveries from the ore found deeper in the Malartic pit. Additionally, during the month of January, the mine achieved record tonnes mined in a month.

2. Detour Lake. 147 koz.

Kirkland Lake’s Detour Lake is the second largest gold mine in Canada. Detour Lake produced 147 koz of gold in Q1 2021, which is 7% more compared to Q1 2020. The 5,701,704 tonnes processed in Q1 2021 was a record level for first-quarter processing. Also, during Q1 2021, the Detour Lake processing plant achieved a new daily throughput record of 80,339 tonnes on March 24, 2021.

3. LaRonde. 93 koz.

Gold production at Canada’s third largest LaRonde mine, owned by Agnico Eagle, increased by 34% when compared to the prior-year period primarily as a result of a higher throughput levels and higher grade. The LaRonde complex performed above plan in the first quarter of 2021 primarily due to increased productivity achieved with the use of automated equipment and unanticipated ore extracted from the development in Zone LR11-3.

4. Meliadine. 88 koz.

Gold production at another Agnico Eagle’s Meliadine mine in the first quarter of 2021 increased by 26% when compared to the prior-year period primarily due to higher throughput as Meliadine delivered a strong performance over the quarter with the processing rate at over 4,600 tpd and higher gold grades than planned which resulted from an adjustment in the mining sequence. In the first quarter of 2020, the Meliadine processing plant was negatively affected by a failure of the crusher apron feeder resulting in through-put levels below expectations.

5. Brucejack. 86 koz.

Production at Pretium’s Brucejack mine was consistent with 85,795 ounces of gold produced in the first quarter 2021, compared to 82,888 ounces in the first quarter 2020. The increase in production was due to higher mill head grade of 8.2 grams per tonne gold slightly offset by lower throughput. The mill feed grade averaged 8.2 grams per tonne gold for the first quarter 2021 compared to 7.8 grams per tonne gold in comparable period in 2020. Mill feed grade was higher due to planned mine sequencing and higher grade stopes mined in the period.

The complete list is below.

Top 10 largest gold mines in Canada in Q1 2021

Operation

Major owner / operator

Q1 2021 Au output, koz

Q1 2020 Au output, koz

% change

1

Canadian Malartic

Yamana Gold / Agnico Eagle

179

130

38

2

Detour Lake

Kirkland Lake

147

138

7

3

LaRonde

Agnico Eagle

93

70

34

4

Meliadine

Agnico Eagle

88

70

26

5

Brucejack

Pretium

86

83

4

6

Meadowbank

Agnico Eagle

80

49

62

7

Porcupine

Newmont

75

77

-3

8

Eleonore

Newmont

63

61

3

9

Rainy River

New Gold

55

50

8

10

Young-Davidson

Alamos Gold

48

29

67

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 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.