A first dose Moderna vaccination clinic against Covid-19 will be held at Jonah Amitnaqq School in Baker Lake from Feb. 22 to Feb. 25, from 9 a.m. until 8 p.m. each day.
Second dose clinics of the Moderna vaccine are being held at the community hall in Rankin Inlet from Feb. 15 to 18, at Inuglak School in Whale Cove from Feb. 16 to 17, at Victor Sammurtok School in Chesterfield Inlet from Feb. 19 to 20, and at Jonah Amitnaaq School in Baker Lake from Feb. 22 to 25.
Agnico Eagle reports quarterly earnings
Agnico Eagle reported on Feb. 11 a quarterly net income of $205.2 million, or net income of $0.85 per share, for the fourth quarter of 2020.
In the full year 2020, Agnico Eagle reported record net income of $511.6 million, or $2.12 per share.
This compares with the full year 2019, when net income was $473.2 million, or $2 per share.
Melissa Bradley of Agnico Eagle also reported in a press release that the Amaruq underground project has been approved.
Bradley said the first gold production is expected in 2022.
She said during the current estimated five-year mine life, approximately 500,000 ounces of gold are expected to be produced with a positive impact expected on overall production and costs at the Meadowbank Complex near Baker Lake in 2023 to 2026.
“Additional mineral reserves may be available for mining, but will be contingent on the development of new open pit ore sources. The existing exploration portal and ramp will be used for development and production,” said Bradley.
“The exploration ramp is currently at a depth of approximately 340 metres below surface and, in 2021, approximately 2,421 metres of underground development is planned.
“A traditional truck and scoop tram approach has been selected for underground mucking and hauling. Once at surface, ore will be moved by long haul trucks for treatment at the nearby Meadowbank processing plant.
“The mining rate is expected to start at 1,500 tonnes per day and then ramp up to 2,300 tonnes per day. During the five-year mine life, the average mining rate is expected to be approximately 2,000 tonnes per day.”
The mine plan includes a pre-production period with operational ramp up from the second quarter of 2021 to the third quarter of 2022.
Commercial production is expected in the fourth quarter of 2022 and production is expected to continue until the end of 2026.