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Top 10 largest gold mines in Canada in Q2 2022 - report

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(Kitco News) - Kitco ranked the top 10 largest gold mines in Canada in Q2 2022 based on publicly reported production figures.

Agnico Eagle’s Detour Lake mine was the largest gold mine in Canada in Q2 2022 with quarterly production of 196 koz, which is an increase of 18% over Q2 2021. The company said that during the period, the Detour Lake mine benefited from positive grade reconciliation. Agnico Eagle acquired the Detour Lake and Macassa mines on February 8, 2022 as a result of the merger with Kirkland Lake Gold.

Jointly owned by Yamana Gold and Agnico Eagle, Canadian Malartic was the second largest gold mine in Canada in Q2 2022. Canadian Malartic produced 174 koz of gold in Q2 2022, down 6% compared to Q2 2021. Gold production decreased when compared to the prior-year period primarily due to lower mill throughput, partially offset by the expected higher gold grades due to the mining sequence and higher metallurgical recovery.

Gold production at Agnico Eagle’s Meliadine mine was 98 koz in Q2 2022, up 12% compared to Q2 2021. The company said that gold production at Meliadine in Q2 2022 increased when compared to the prior-year period primarily due to higher throughput levels, partially offset lower gold grades resulting from an increase in tonnage sourced from the open pit.   

In Q2 2022, gold production at another Agnico Eagle’s Meadowbank mine increased by 13% to 97 koz when compared to the prior-year period primarily due to higher throughput resulting from a strong operating performance and higher gold grades resulting from a higher than anticipated grade sequence in the Whale Tail and IVR open pits.

Production at Canada’s fifth-largest Brucejack gold mine, owned by Newcrest, was 90 koz of gold in the second quarter of 2022, up 8% from 83 koz produced in the second quarter of 2021. The company said that higher production was mainly driven by higher mill throughput and higher gold head grade.

The complete list is on the chart.

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