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(Wallace Refiners) – Canada produced approximately 1,500 koz of gold in Q3 2020, a 29% increase over Q2 2020 that was hit hard by Covid-19 suspensions. Canadian Malartic was the biggest gold mine in Canada.
Based on corporate reports, Wallace estimates that in Q3 2020, gold output in Canada amounted to 1,500 koz, which was 29% more than in pandemic-impacted Q2 2020 and 3% more than in corresponding period of 2019.
Quarterly gold production in Canada, corresponding quarters, koz.
With estimated 153 koz of gold produced in Q3 2020, Agnico Eagle / Yamana Gold’s Canadian Malartic mine was the biggest gold operation in Canada, followed by Kirkland Lake’s Detour Lake gold mine (140 koz) and Agnico Eagle’s LaRonde mine (100 koz).
Fourth largest gold operation in Canada was Agnico Eagle’s Meliadine mine (95 koz). Pretium’s Brucejack mine sits fifth with 86 koz of gold produced in Q3 2020.
The top ten biggest gold mines in Canada produced 904 koz of yellow metal in Q3 2020, a 4% increase over Q3 2019 (873 koz).
Five mines out of the top ten increased their gold output and five mines have seen a decline in production.
The complete list is below.
Biggest gold mines in Canada in Q3 2020
|
Mine |
Major owner / operator |
Q3 2020 Au output, koz |
Q3 2019 Au output, koz |
% change |
|
|
1 |
Canadian Malartic |
Yamana/Agnico |
153 |
163 |
-6 |
|
2 |
Detour Lake |
Kirkland Lake |
140 |
138 |
2 |
|
3 |
LaRonde |
Agnico Eagle |
100 |
107 |
-6 |
|
4 |
Meliadine |
Agnico Eagle |
95 |
78 |
22 |
|
5 |
Brucejack |
Pretium |
86 |
88 |
-2 |
|
6 |
Porcupine |
Newmont |
80 |
77 |
4 |
|
7 |
Meadowbank |
Agnico Eagle |
75 |
16 |
369 |
|
8 |
Rainy River |
New Gold |
63 |
75 |
-16 |
|
9 |
Eleonore |
Newmont |
57 |
82 |
-30 |
|
10 |
Hemlo |
Barrick |
55 |
49 |
12 |
|
Total |
904 |
873 |
4 |
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Wallace Precious Metals The author has made every effort to ensure accuracy of information provided; however, neither Wallace Precious Metals nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Wallace Precious Metals and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
