Agnico-Eagle provides operational update on La India, Goldex projects

theflyonthewall.com

Agnico Eagle Mines announced development updates for its La India Mine in Sonora, Mexico, and the Goldex Mine in northwestern Quebec. Highlights include: La India commissioning in progress - mining and pad loading are now underway with initial leaching expected to begin in October. Commercial production is anticipated in the first quarter of 2014. Mining and milling resumes at Goldex - Underground mining has started on the M and E zones, two of the several previously undeveloped satellite zones. The first gold pour is expected in October 2013, and the project remains on track to produce 15,000 ounces of gold in 2013. Mining remains suspended in the Goldex Extension Zone. "The La India and Goldex mines have both started up ahead of schedule. These two operations are expected to be significant contributors to the growth of our production profile over the next two years" said Sean Boyd, President and CEO. "Efforts are also underway to evaluate opportunities to further enhance production at both operations".

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