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Agnico Eagle reduces activity levels at its Nunavut gold mines due to COVID-19 emergency

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(Kitco News) - Agnico Eagle Mines (TSX: AEM) reported today that since December 18, 2021, there has been a total of 13 presumptive cases at the company's Meliadine, Meadowbank and Hope Bay operations in Nunavut.

Therefore, Agnico Eagle said that effective immediately, the company, in collaboration with the Nunavut public health authorities, has decided to send home the Nunavut based workforce (Nunavummiut) from the Meliadine, Meadowbank and Hope Bay operations as well as its Nunavut exploration projects.

“All Nunavummiut workers currently on site will be sent home and those that are currently off-site will not return to work at this time for a period of at least three weeks. These employees will continue to receive their remuneration during this period,” Agnico Eagle noted in a statement.

The company said that over the next several days, it will gradually reduce the remaining workforce and activity levels at its Nunavut operations. This reduction in activity is expected to last for the remainder of 2021 and there is expected to be minimal production over this period.

Agnico Eagle is a senior Canadian gold mining company, producing precious metals from operations in Canada, Finland and Mexico. It has a pipeline of high-quality exploration and development projects in these countries as well as in the United States and Colombia.

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