“It was a transformational year for Agnico Eagle. The merger with Kirkland Lake Gold and the pending acquisition of Yamana’s Canadian assets will result in the consolidation of the Abitibi Gold Belt, one of the best gold regions in the world,” Ammar Al-Joundi, Agnico’s president and CEO, commented in a news release.
In November, Agnico entered an agreement with Yamana Gold (TSX: YRI) (NYSE: AUY) that would see the company expand its Canadian portfolio through the acquisition of Yamana’s interests in the Canadian Malartic mine, the Wasamac project in Quebec, and several other exploration properties in Ontario and Manitoba. This deal is expected to close next month.
“From a safety and operational standpoint, 2022 was another strong year as we had our best safety performance in our 66 year history, we met production forecasts and managed our costs in a highly inflationary environment,” he added.
All-in sustaining…
