International news within the industry of mining and metal, May, 22 2019
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Canadian miner eyes higher gold production this year

Photo: Agnico Eagle Mines
Photo: Agnico Eagle Mines
Published by
Jaroslaw Adamowski - 20 Feb 2019

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).

Cobalt mine in Democratic Republic Congo. About half of all mined cobalt comes from DRC, mainly from the province of Katanga. The mining takes place close to towns and villages. Local communities regularly are cut off from their farmland and water sources near mines, without having had a say in the matter. There are several examples of forced relocations of entire villages. Inhabitants of the village Kishiba, for example, were forced to move to make way for Frontier, a cobalt and copper mine. Their new homes in Kimfumpa lack the most basic of services such as clean water, fertile farmland, schools and health care. Photo: ECCJ Secretariat
Cobalt mine in Democratic Republic Congo. About half of all mined cobalt comes from DRC, mainly from the province of Katanga. The mining takes place close to towns and villages. Local communities regularly are cut off from their farmland and water sources near mines, without having had a say in the matter. There are several examples of forced relocations of entire villages. Inhabitants of the village Kishiba, for example, were forced to move to make way for Frontier, a cobalt and copper mine. Their new homes in Kimfumpa lack the most basic of services such as clean water, fertile farmland, schools and health care. Photo: ECCJ Secretariat

Chinese control half of the Congo's cobalt