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Canadian miner eyes higher gold production this year
Canada’s Agnico Eagle Mines has announced plans to raise its gold production to 1.75 million oz in 2019, up 4.5% compared with a year earlier.
"With the start of new operations at both Meliadine and Amaruq this year, we anticipate record gold production in 2019 with further production growth in 2020 and beyond. This growing production platform should result in increased cash flow allowing us to advance our project pipeline, reduce debt and increase dividends," Sean Boyd, the chief executive of Agnico Eagle Mines, said in a statement.
The company’s mid-point of gold production guidance for 2020 is set at 2 million oz, and its mid-point of gold production guidance for 2021 is 2.05 million oz, according to data released by Agnico Eagle Mines.
Based in Toronto, the company is listed on the Toronto Stock Exchange (TSX).