GOLD MINING: Meadowbank ramping up after kitchen fire

NUNAVUT - Toronto-based Agnico-Eagle Mines is ramping up production at its Meadowbank gold mine near Baker Lake following a fire  in March that completely destroyed its kitchen, dining room and canteen. A temporary kitchen is on site, and...

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NUNAVUT - Toronto-based Agnico-Eagle Mines is ramping up production at its Meadowbank gold mine near Baker Lake following a fire  in March that completely destroyed its kitchen, dining room and canteen. A temporary kitchen is on site, and staffing levels are returning to normal. The permanent replacement kitchen has been ordered to arrive this summer and be fully functional by the end of this year.

As a result of the staffing-related slowdown in April, and lower than expected grades due to dilution in the open pit, Q2 production at Meadowbank is expected to be approximately 60,000 oz of gold. Following a five-day slowdown to tie in the new crusher, the permanent secondary crusher at Meadowbank is now operational and has started to process ore. The additional crushing capacity should allow the mill to exceed its design throughput of 8,500 t/d.

Agnico forecasts H2 gold production at Meadowbank to be 50% higher than the first  half of 2011. In the first 3.5 weeks of June, the mill averaged 8,554 t/d at an average grade of 3.1 g/t Au. As production increases, total cash costs per ounce will fall during the remainder of the year.

Details on all of Agnico's operations are posted at www.Agnico-Eagle.com.

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