TORONTO, Dec. 22, 2021 /CNW/ - Agnico Eagle Mines
Limited (NYSE: AEM) (TSX: AEM) ("Agnico Eagle" or "the
Company") is providing an update related to an increase in COVID-19
cases at its Nunavut operations.
Since December 18, 2021, there has
been a total of 13 presumptive cases at the Company's
Meliadine, Meadowbank and Hope Bay
operations.
The health and safety protocols set by the Company since the
beginning of the pandemic have remained in place at the Company's
Nunavut operations. Given the
increased spread and transmissibility of the Omicron variant of
COVID-19, the Company is taking precautionary steps to further
protect the continued health of its Nunavut work force and local residents in the
communities in which it operates.
Effective immediately, the Company, in collaboration with the
Nunavut public health authorities,
has decided to send home the Nunavut based workforce (Nunavummiut) from the
Meliadine, Meadowbank and Hope Bay
operations as well as its Nunavut
exploration projects. All Nunavummiut workers currently on
site will be sent home and those that are currently off-site will
not return to work at this time for a period of at least three
weeks. These employees will continue to receive their
remuneration during this period. In addition, Agnico Eagle
will be meeting with its Nunavut
contractors to discuss implementing similar measures for their
Nunavummiut workforce. The Company has increased testing
protocols at all its Nunavut
operations for remaining workers.
Over the next several days, the Company will gradually reduce
the remaining workforce and activity levels at its Nunavut operations. This reduction in
activity is expected to last for the remainder of 2021 and there is
expected to be minimal production over this period. The
Company is also reassessing its existing protocols in preparation
for a resumption of activities expected in early 2022.
This is a rapidly evolving situation and the Company is
monitoring activities at its other operations and it will reassess
its response on an ongoing basis.
About Agnico Eagle
Agnico Eagle is a senior Canadian gold mining company, producing
precious metals from operations in Canada, Finland and Mexico. It has a pipeline of high-quality
exploration and development projects in these countries as well as
in the United States and
Colombia. Agnico Eagle is a
partner of choice within the mining industry, recognized globally
for its leading environmental, social and governance practices. The
Company was founded in 1957 and has consistently created value for
its shareholders, declaring a cash dividend every year since
1983.
Forward-Looking Statements
The information in this news release has been prepared as at
December 22, 2021. Certain
statements in this news release, referred to herein as
"forward-looking statements", constitute "forward-looking
statements" within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and "forward-looking
information" under the provisions of Canadian provincial securities
laws. These statements can be identified by the use of words such
as "may", "will", "expected" or similar terms. Such statements
include, without limitation: the Company's plans to continue
operations and resume activities at its Meliadine, Meadowbank and
Hope Bay operations.
Forward-looking statements are necessarily based upon a number
of factors and assumptions that, while considered reasonable by
Agnico Eagle as of the date of such statements, are inherently
subject to significant business, economic and competitive
uncertainties and contingencies. Many factors, known and
unknown, could cause actual results to be materially different from
those expressed or implied by such forward-looking
statements. Factors that could affect the forward looking
statements in this news release include any additional measures
taken by governments, the Company or others in response to public
health and other considerations resulting from COVID-19 virus and
its variants. Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as
of the date made. Other than as required by law, Agnico Eagle
does not intend, and does not assume any obligation, to update
these forward-looking statements.
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SOURCE Agnico Eagle Mines Limited