Agnico Eagle Mines Limited (NYSE: AEM, TSX: AEM) (“Agnico Eagle” or the “Company”) is providing an update following the announcement by the Government of Quebec on April 13, 2020 to add mining operations to the list of priority activities and services that are permitted to operate while the Province responds to the COVID-19 pandemic. Pursuant to the Government of Quebec’s announcement, mining activities will be permitted to resume in a gradual and supervised manner beginning on April 15, 2020.
Accordingly, the Company is taking steps to resume its operations in the Abitibi region of Quebec (the LaRonde Complex, the Goldex mine and the Canadian Malartic mine (50%)) in an orderly fashion while ensuring the safety of employees. At each of these operations, the Company will implement health, hygiene and physical distancing measures that meet or exceed the requirements of the Government of Quebec, including the Quebec department of Public Health and the Province’s Committee on Standards, Equity, and Occupational Safety (CNESST). Additional information on Agnico Eagle’s proactive efforts to protect its people, neighbouring communities and business may be found on the Company’s website at: https://www.agnicoeagle.com/English/sustainability/Our-COVID-19-Response. In developing the Company’s health and safety protocols relating to COVID-19, the Company consulted broadly with the Provincial authorities and employees. The Company will communicate with the Government of Quebec to ensure ongoing compliance with the Government of Quebec’s announcement and any subsequent orders.
Operational updates for each of the Company’s mines, including the mines in the Abitibi region of Quebec, will be included in the Company’s news release announcing first quarter 2020 financial and operating results, expected to be issued on April 30, 2020. The Company expects that exploration activities will remain suspended until May 4, 2020.
About Agnico Eagle
Agnico Eagle is a senior Canadian gold mining company that has produced precious metals since 1957. Its operating mines are located in Canada, Finland and Mexico, with exploration and development activities in each of these countries as well as in the United States and Sweden. Agnico Eagle and its shareholders have full exposure to gold prices due to its long-standing policy of no forward gold sales. Agnico Eagle has declared a cash dividend every year since 1983.