2017 Performance Highlights

Performance Highlights

In 2017, we continued to improve Agnico Eagle’s health and safety performance. We continued the permitting process for the Whale Tail (Amaruq) and Akasaba projects. We now have three separate Inuit Impact and Benefit Agreements (IIBAs) with the Kivalliq Inuit Association (KIA), a renewed Meadowbank IIBA, an updated Meliadine IIBA and a new IIBA for the Whale Tail project.

The following describe other highlights for 2017:

Health and Safety

  • In 2017, Agnico Eagle hit a record low with a combined lost-time and restricted work frequency of 0.91.
  • Our best performances came from the La India and Lapa mines, both achieving a perfect score with a combined accident frequency of zero. Our Pinos Altos/Mascota mine also had a very good combined accident frequency of 0.18.
  • The Quebec Mining Association recognized our strong safety performance, honouring 32 of our front line supervisors for achieving 50,000 hours and more without any compensable accidents on their work teams.
  • Meliadine’s Mine Rescue Team won the Best Underground First Aid Award during the 60th Annual Mine Rescue Competition held in Yellowknife this past June.
  • LaRonde Mine Rescue Team won the Quebec Provincial Mine Rescue Championship
  • In 2017, the Lapa mine achieved a fantastic year by winning the John T. Ryan Trophy, despite being in closure mode. This National prize is awarded by the Canadian Institute of Mining for the mine who experienced the lowest recordable injury frequency. Also the Lapa mine won the Quebec Mining Association F.J. O’Connell Trophy. The criteria for this award takes into account improvements in a company’s safety record, its record compared to the industry average, and its combined accident frequency based on specified target values. The objective is to reward a strong performance in the field of safety.

Environment

  • Pinos Altos and Creston Mascota obtained their fourth certification under the Industria Limpia-Clean Industry designation of the Mexican environmental authority, PROFEPA.
  • Public hearings for the Whale Tail pit, part of the Amaruq project, took place in September 2017 with a positive decision from the Nunavut Impact Review Board (NIRB) rendered on November 6, 2017. The Project Certificate is expected for 2018 after the approval of the decision by the federal Minister of Indigenous and Northern Affairs.
  • The Akasaba project, a satellite open pit project located 30 km from the Goldex mine, worked its way through an environmental assessment process under the Quebec Bureau des Audiences Publiques en environnement (BAPE) a provincial requirement, and also with the Canadian Environmental Assessment Agency (CEAA). The BAPE issued a positive decision in June 2017 and a decree is expected from the Government of Quebec in Q2 2018. The CEAA continues its evaluation.
  • In terms of compliance, Kittila saw slight exceedances of the 30 ppm monthly total Nitrogen discharge objectives at its final effluent for 6 months out of 12. Studies are underway to try to resolve the situation. Meliadine also experienced exceedances of the fecal coliform concentration at the effluent of the exploration camp sewage treatment plant. Given that the new camp sewage treatment plant was in service, the effluent was redirected to the new treatment plant to ensure compliance.
  • In 2015, Environment Canada charged the Company with two infractions under the Fisheries Act in relation to a seepage incident at the Meadowbank mine in 2013. In 2017, Agnico Eagle paid a fine of C$50k related to this incident. In 2017, the Canadian Nuclear Safety Commission issued a penalty of C$3,970 related to the control and use of a radiation device at the Meadowbank mine.

People

  • The 2017 Paul Penna Award – which celebrates the legacy of our founder, who believed in supporting the well-being of employees and the communities in which we operate – was presented to two deserving recipients. Jane Werniuk, Senior Geologist, Technical Reporting, was honoured for her work with the Corpus Christi Refugee Resettlement Committee, which sponsored three individuals and a family of seven, helping them integrate into Canadian society. Dany Lauzon, Production Shovel Operator at the Canadian Malartic Mine, was honoured for his work as President of the Board of Directors for the Youth Refuge of Malartic in Quebec, which seeks to reduce and eliminate juvenile delinquency.
  • The 2017 Michel Letourneau Award, which recognizes innovation and teamwork, was given to a diverse LaRonde team for significantly improving mining production through an innovative project to detect and enable faster repairs of leaks in the compressed air distribution network at the mine. The project contributes to the mine’s cost efficiency and safety and allows for deeper drilling and mine life extension.
  • Agnico Eagle Mexico was recognized in the “Great Place to Work” program for the northwest Mexico region for the 6th
  • In 2017, we continued the implementation of Agnico Eagle’s formal human resources strategy. Its main focus is supporting our organizational culture in the creation of a great place to work where employees are highly productive and engaged in the achievement of the business strategy. With improving employee engagement survey results and with four times the expected number of people registering Individual Development Plans (i.e. more than 1,250 employees), the human resources strategy continues to reinforce Agnico Eagle’s culture: the roots of our success.

Our Communities

  • During 2017, Agnico Eagle Nunavut renewed its Meadowbank IIBA, updated the Meliadine IIBA and signed a new IIBA for the Whale Tail project with the KIA. A Memorandum of Understanding (MOU) was signed between Agnico Eagle and the Government of Nunavut to enhance collaboration and partnership.
  • On September 30th, the Pinos Altos Community Center, constructed by Agnico Eagle, was donated to the local authorities and the communities of the Ocampo Municipality. Agnico Eagle´s vision to continue improving the quality of people`s lives, made it possible to build this community center with an investment of 25 million pesos that will benefit 1,400 families living in the 10 surrounding communities.
  • Agnico Eagle Mexico received the Corporate Social Responsibility recognition for the 10th consecutive year. The award recognizes companies that incorporate in their corporate culture a commitment to be socially responsible by showing respect for people, ethical values, community and the environment.
  • Indicators of performance in Community Relations Engagement, within the framework of our Responsible Mining Management System (RMMS) , were developed and implemented with the aid of Borealis, our community relations software. The ability to clearly communicate and provide more concrete examples of how our community investments, programs and engagement translate into measurable social outcomes is essential to validate our efforts to create shared value and reflect what matters most to the organization and its key stakeholders.