may rely excessively on sources too closely associated with the subject potentially preventing the article from being verifiable and neutral . please help improve it by replacing them with more appropriate citations to reliable independent third party sources . march 2013 learn how and when to remove this template message agnico eagle mines limited type public traded as tsx aem nyse aem s & p tsx 60 component industry mining & gold producers & products manufacturing founded 1953 as cobalt consolidated mining company founder paul penna headquarters toronto ontario canada key people james d. nasso chairman of the board sean boyd ceo revenue 1 917 714 000 2012 1 operating income 435 141 000 2012 1 net income 310 916 000 2012 1 total assets 5 255 842 000 2012 1 total equity 3 410 212 000 2012 1 number of employees 5500 dec 2012 1 subsidiaries agnico eagle usa agnico eagle mexico agnico eagle sweden riddarhyttan resources website agnicoeagle.com agnico eagle mines limited is a canadian based gold producer with operations in canada finland and mexico and exploration and development activities extending to the united states . agnico eagle has full exposure to higher gold prices consistent with its policy of no forward gold sales . it has paid a cash dividend for 29 consecutive years as of 2010 . contents 1 history 2 operations 2.1 laronde 2.2 goldex 2.3 lapa 2.4 kittil 2.5 pinos altos 2.6 meadowbank 3 exploration 4 references 5 further reading 6 external links history edit in 1953 five struggling mining companies joined together to become cobalt consolidated mining which would last until 1957 when the company changed its name to agnico mines . agnico is derived from the periodic table of elements using the symbols for silver ag nickel ni and cobalt co . 2 in 1963 visionary paul penna became the president of agnico mines and he eventually oversaw the merger of agnico mines with eagle mines ltd a successful gold exploration company enabling the development of eagle s joutel mining complex . the newly formed company became agnico eagle mines limited . 2 in 1974 the joutel mine went into production and would eventually produce approximately 1.1 million ounces of gold until its closure in 1993 . during this period agnico eagle also acquired the property and assets of dumagami mines limited in north western quebec which had recently gone into production a year earlier in 1988 . the dumagami mine would eventually be renamed the laronde mine which is now considered the flagship mining operation for agnico eagle and one of the largest gold deposits in canada . with laronde producing steadily agnico eagle acquired more assets over the following years . 2 in 1993 they completed the purchase of the goldex mine becoming the 100 % owner of the largest unexploited gold deposit in quebec . this was followed by the purchase of the lapa gold deposit in 2000 riddarhyttan resources ab the 100 % owner of the suurikuusikko gold deposit in northern finland which would become the kittil mine in 2005 the pinos altos project in mexico in 2006 and the purchase of cumberland resources in 2007 giving agnico eagle 100 % control of the meadowbank gold project in nunavut canada . 2 as a result of these purchases the following years would see agnico eagle grow from a single operation gold producer laronde to a much larger company consisting of 6 mines in total with goldex going into production in 2008 kittila lapa and pinos altos in 2009 and meadowbank in 2010 . 2 in 2010 agnico eagle completed the purchase of the meliadine property located southeast of meadowbank near rankin inlet nunavut . in 2011 the company also announced a 70 million cad investment in rubicon minerals representing a 9.2 % ownership stake and access to the phoenix gold project located in the heart of red lake ontario . 2 operations edit laronde edit the laronde mine located in quebec canada employs 735 people . it has the longest estimated mine life out of agnico eagle s 6 operating mines estimated to be approximately 35 years once completed from 1988 to 2023 . laronde is an underground mine with the deepest single lift shaft in the western hemisphere descending 2.25 km below the surface . an expansion is also planned and upon its completion the total mine depth will be over 3 km deep making the laronde mine one of the deepest mines in the americas . 3 goldex edit pouring gold into molds employing 213 people with an estimated mine life of 10 years 2008 2018 ; goldex is an underground mine located just outside val d or quebec canada . goldex is unique because of its partnership with the quebec government in the restoration of the nearby abandoned manitou mine tailings site . through an innovative approach the tailings from the goldex mine are sent through a 25 km long pipeline to the manitou site where they neutralize the acidic waters in the area the result of years of poorly confined tailings generated between 1942 and 1979 by the mining companies operating the manitou project at the time . not only do the goldex tailings neutralize and help rehabilitate the site the system eliminates the need for a tailings pond at the goldex site itself . 3 lapa edit lapa located about 11 km away from the laronde mine see above in the rivi re h va municipality of the abitibi region in quebec canada is one of agnico eagle s smaller operations employing 192 people with a 6 year mine life expectancy 2009 2015 . the main headframe that is used at the lapa mine was constructed almost entirely from a pre existing headframe at laronde . the original headframe was dismantled sand blasted and painted before it was installed at lapa . although lapa may be a smaller operation in comparison to our other mines it is one of agnico eagle s highest grade mines with reserve grades twice as rich as the company average . 3 kittil edit main article kittil mine open pit mining in the lapland region of northern finland agnico eagle s kittila operation has a life expectancy of 23 years 2009 2032 . with 375 employees this open pit and underground mine is one of the largest known gold deposits in all of europe containing almost 4.9 million ounces of gold in reserves . aggressive exploration is also currently underway ; with the kittila mine serving notice that gold mining is again a booming industry in northern finland . 3 pinos altos edit agnico eagle s largest employer with 972 employees is the pinos altos mine located in the state of chihuahua in northern mexico . pinos altos began operation in 2009 and is expected to continue until 2026 resulting in an estimated 17 years of production . the open pit and underground mining operation is in the mountainous sierra madre gold and silver belt of northern mexico . 3 meadowbank edit see also meadowbank aerodrome meadowbank is an open pit mine in the kivalliq region of nunavut with a 8 year life expectancy 2010 2017 . meadowbank is agnico eagle s most recent mine to begin operation and has about 650 employees . in 2010 the first gold brick was poured at meadowbank which was also the first ever gold brick to be poured in the history of nunavut . meadowbank is also agnico eagle s largest producer estimated to produce 430 000 ounces of gold in 2014 . 3 exploration edit the 2011 exploration program is expected to include more than 410 km of planned drilling to expand resources and convert our large gold resource to reserves . 4 major programs are planned at the following locations meliadine 90 000 meters of diamond drilling an underground bulk sample new permanent accommodations at the exploration camp permitting infrastructure upgrades . 4 kittil 56 200 meters of exploration and conversion drilling and construction of an exploration ramp to accelerate the definition of resources and facilitate additional exploration at depth . 4 goldex mining headquarters goldex 58 200 meters of diamond drilling will principally target resource expansion for the d zone . pending the results of a planned mining study in 2011 a reserve conversion program will also be considered . 4 laronde bousquet ellison 42 050 meters of drilling which includes a follow up exploration program for ellison . 4 pinos altos 33 800 meters of drilling including minesite reserve conversion and regional resource expansion drilling and an underground exploration program and scoping study for the cubiro zone . 4 meadowbank 32 000 meters of conversion and exploration drilling targeting extensions of the vault deposit and underground potential beneath goose south . 4 references edit a b c d e f agnico eagle mines ltd 2008 annual report pdf . retrieved 2009 04 30 . a b c d e f agnico eagle our company history . retrieved 24 august 2011 . a b c d e f operating mines . agnico eagle mines limited . retrieved 24 august 2011 . a b c d e f g financial reports . agnico eagle mines limited . retrieved 24 august 2011 . further reading edit vos mines vous parlent . 2013 onwards . montr al qu b cor media . n.b. 1 re d. 10 avril 2013 . without issn external links edit agnico eagle mines companies portal v t e s & p tsx 60 companies of canada february 22 2016 agnico eagle mines agrium arc resources bank of montreal barrick gold bce inc. blackberry bombardier brookfield asset management cameco canadian imperial bank of commerce canadian national canadian natural resources canadian pacific canadian tire cenovus energy cgi group constellation software couche tard crescent point energy dollarama eldorado gold emera enbridge encana first quantum minerals franco nevada fortis inc. gildan goldcorp husky energy imperial oil inter pipeline kinross gold loblaw companies magna international manulife financial metro national bank of canada pembina pipeline potashcorp power corporation restaurant brands international rogers communications royal bank of canada saputo scotiabank shaw communications silver wheaton snc lavalin sun life financial suncor energy teck telus thomson reuters toronto dominion bank transcanada valeant weston yamana gold retrieved from https en.wikipedia.org w index.php title agnico eagle mines limited & oldid 712896574 categories s & p tsx 60 indexs & p tsx composite indexcompanies based in torontocompanies listed on the new york stock exchangecompanies listed on the toronto stock exchangegold mining companies of canadahidden categories articles lacking reliable references from march 2013all articles lacking reliable references navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages deutsch fran aissuomisvenska edit links this page was last modified on 31 march 2016 at 18 39 . text is available under the creative commons attribution sharealike license ; 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