AEM Declares Commercial Production at Meliadine
With Meliadine ramping up production and Amaruq on schedule to achieve commercial production in the third quarter of 2019, the company is on track to achieve its gold production target of 1.75 million ounces (oz) for 2019, Boyd added.
Construction of the Meliadine project began in February 2017. Initial ore processing commenced in early February 2019 using low-grade stockpiles. Pre-commercial payable gold production totaled 47,281 oz, compared to guidance of 60,000 oz, while pre-production gold sales totaled 28,855 oz. Total project construction costs (after crediting pre-commercial gold sales) are below the 2017 guidance of $900 million. Expected production at Meliadine for 2019 remains unchanged at approximately 230,000 oz of gold (including pre-commercial production) at total cash costs of $612/oz.