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Richest gold mines in Canada in Q1 2021 - report

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(Kitco News) - The grade or concentration of a mineral or metal in ore directly affects costs associated with mining as well as its subsequent beneficiation and extraction of precious components.

Kitco ranked currently active gold operations in Canada based on gold grade in a tonne of processed ore reported for Q1 2021. Kitco looked at operations that are separate reporting units and which have gold grade figures disclosed by the owners/operators.

Kirkland Lake’s Macassa mine, located in the Municipality of Kirkland Lake, within Teck Township, District of Timiskaming, in the northeast of the province of Ontario, is the richest gold mine in Canada and one of the richest gold operations worldwide. The company reported an average processed grade of 19.8 g/t gold for Macassa in Q1 2021, which was virtually unchanged compared to the corresponding period of 2020.

The second richest Alamos Gold’ Island Gold mine is a high grade, low-cost underground mining operation located just east of the town of Dubreuilville, Ontario, Canada, 83km northeast of Wawa. Underground grades processed averaged 13 g/t Au in the first quarter, an 11% increase over Q1 2020 and above the Mineral Reserve grade.

Wesdome Gold’s Eagle River mine is third richest gold operation in Canada with 12.8 g/t gold reported in Q1 2021, which is below budget and 9% lower compared to Q1 2020 due to stope sequencing.

Located in the Kitikmeot District of Nunavut, Canada, approximately 125 kilometres southwest of Cambridge Bay, the Hope Bay mine, which is fourth richest gold mine in Canada, was acquired by Agnico Eagle in February 2021. Ore is currently being sourced from the high-grade BTD Zone, which shows potential for expansion.

SSR Mining’s Seabee is an underground gold mine located along the Trans-Hudson Corridor in east-central Saskatchewan, Canada. Seabee mill feed grade was 8.45 g/t gold during the first quarter of 2021, an 18% decrease compared to the first quarter of 2020, due to mining in lower productivity areas, as planned.

All richest gold mines in Canada are underground operations. The complete list is below.

Richest gold mines in Canada in Q1 2021

Operation

Major owner / operator

Q1 2021 Au grade, g/t

Q1 2020 Au grade, g/t

% change

1

Macassa

Kirkland Lake

19.8

19.7

1

2

Island

Alamos Gold

13.0

11.7

11

3

Eagle River

Wesdome

12.8

14.0

-9

4

Hope Bay

Agnico Eagle

10.8

11.9

-9

5

Seabee

SSR Mining

8.5

10.3

-18

6

Brucejack

Pretium

8.2

7.8

5

7

Meliadine

Agnico Eagle

7.5

7.3

2

8

Red Lake

Evolution

6.3

7.8

-19

9

Sugar Zone

Harte Gold

6.1

5.5

11

10

Lamaque

Eldorado Gold

5.2

6.1

-15

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.