Agnico Eagle Finland Oy, Kittilä gold mine expansion, second phase

Mining company Agnico Eagle Finland announced an expansion investment at its Kittilä gold mine in 2018. A 1,044 metre deep shaft will be built in the mine. At the same time, the processing plant’s processing capacity will be raised from the current 1.6 million tonnes per annum to 2.0 million tonnes per annum. The project is expected to start in the spring this year, will be phased in over four years and is expected to result in a 50,000 to 70,000 ounce annual increase in gold production at reduced operating costs beginning in 2021.