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Agnico Eagle Mines Provides Update on Mexico Operations

Mining News - Published on Fri, 03 Apr 2020

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Agnico Eagle Mines Limited has provided an update following the Government of Mexico's decree relating to the COVID-19 pandemic that all non-essential businesses suspend operations until April 30, 2020. Pursuant to the Decree, mining operations at the Company's Mexico operations (Pinos Altos, Creston Mascota and La India) are ramping down activities in an orderly fashion while ensuring the safety of employees, the sustainability of the infrastructure and compliance with government regulations and environmental standards. Each of these operations will be placed on care and maintenance until April 30, 2020. Exploration activities in Mexico will also be suspended during this period.

The Company expects that the actions it is taking should allow for the timely and safe re-start of normal operations once the Decree is lifted. Employees from the Mexico operations will continue to receive their base remuneration through April 30, 2020. The Company will continue to communicate with the Government of Mexico to ensure compliance with the Decree and will continue to discuss procedures to potentially increase activities at the Company's operations while having regard to the health and safety of our employees and communities.

At the present time there are no confirmed cases of COVID-19 at the Company's Mexico, Abitibi and Nunavut operations. The Company is working to ensure the continued health of its employees and residents in the communities in which it operates.

At this time, Agnico Eagle's Kittila mine in Finland is expected to continue to operate at normal levels. On March 28, 2020, an employee who works underground at the Kittila mine in Finland tested positive for COVID-19. The individual had experienced symptoms on March 15, 2020 and immediately followed protocol to self-quarantine at home where the individual remains and is recovering.

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.

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Posted By : Rabi Wangkhem on Fri, 03 Apr 2020
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