Top 10 largest gold mines in Canada in 2022 - report
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(Kitco News) - Kitco ranked the top 10 largest gold mines in Canada by production in 2022.
Newcrest’s Brucejack mine is excluded from the ranking due to partial reporting for 2022 and 2021.
1. Detour Lake. 733 koz. Agnico Eagle’s Detour Lake is the largest gold mine in Canada. In 2022, total gold production at the Detour Lake mine set a new production record at 732,572 ounces, slightly above the upper end of the range of 730,000 ounces set out in the previous guidance.
2. Canadian Malartic. 659 koz. Jointly owned by Yamana Gold and Agnico Eagle (as of March 31, 2023, Agnico Eagle owns 100% of the mine), Canadian Malartic is the second largest gold mine in Canada. Gold production of 659 koz reported in 2022 decreased by 8% when compared to 2021 due to the planned reduction of mill throughput to approximately 51,500 tpd starting in February 2022, partially offset by higher gold grades and higher metallurgical recovery.
3. Meadowbank. 374 koz. Gold production at Agnico Eagle’s Meadowbank mine of 374 koz in 2022 increased by 16% compared to 2021 primarily due to higher gold grades and higher tonnage resulting from a strong operating performance, including a full year of underground production and a higher than anticipated grade sequence in the Whale Tail and IVR open pits in the third quarter of 2022.
4. Meliadine. 373 koz. Gold production at another Agnico Eagle’s Meliadine mine of 373 koz in 2022 decreased by 5% when compared to 2021 (including pre-commercial production), primarily due to lower gold grades resulting from increased ore tonnes sourced from the open pit and the lower grade stockpiles. The company said that the COVID-19 pandemic affected the underground mine activities, particularly in January 2022 with low employee and contractor availability. To compensate for the shortfall in mine production in the first six months of 2022, low-grade stockpile ore was used to feed the mill.
5. LaRonde. 356 koz. Gold production at Canada’s fifth largest LaRonde mine, also owned by Agnico Eagle, decreased by 6% in 2022 when compared to 2021 due to lower mill throughput, which resulted from lower mine productivity due to slower than expected development and changes to the mine sequence, as well as unplanned maintenance to the ore pass in the third quarter of 2022.
The complete list is on the chart.
|Top 10 largest gold mining companies in 2022 - report|