STRATEGIC MANAGEMENT

Currently the firm has several lines of operation around the world, mainly in Canada, Mexico and Finland from which serves markets of North America, Latin America and Europe.

Thanks to the growth of the mining industry in Mexico, Agnico-Eagle to the Aztec country has become one of the most important points for investments in exploration and production of metals. The company reached Mexico in 2007 with the construction of the projects Pinos Altos and Crestón Mascota, located in the State of Chihuahua, in the northern part of the country. Two years later, the mine started production, mainly gold and silver. With a programmed life of 15 to 16 years, ending in December 2011, Mina Pinos Altos, including the operation of Crestón Mascota, had approximately 47 million tons of proven coal reserves.                 

HUMAN MANAGEMENT

Agnico-Eagle has focused on maintaining its growth and economic position in the market, primarily respecting the communities where it operates. "Under this philosophy, in Mexico the company has generated employment for small populations that make up the municipality with a margin of 15 kilometers around the mine. Our goal has been from the beginning to give the opportunity to the locals, though they have no experience, through the development of training programs," says Gustavo Noriega, Manager of Operation Mexico.  As a result, 70 percent of the contributors on the work floor belong to local communities, which have created a solid source of money and basis for the families of the region where it operates the mine.

Additionally, Agnico-Eagle Mexico has manpower and qualified technicians and engineers, geologists and mechanics, among other professionals, from leading universities of Mexico, mainly of Sonora, Chihuahua, Zacatecas, Durango, and Sinaloa. "We have around 250 professionals and a group of local people which has acquired the Bachelor's degree level," says Noriega.  

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TECHNOLOGY

INVESTMENTS

FUTURE

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For the future plans, Agnico-Eagle seeks to continue to increase its production of gold and exploration of mines around the world. In Mexico specifically, one of the objectives already set is continuing to grow and achieve a production of 300,000 ounces of gold per year in the next five years; today the company produces 200,000 ounces of gold annually.

To achieve this important goal, Agnico-Eagle Mexico will continue developing and acquiring new projects in mining. For Noriega, a businessman with over 26 years of experience in the industry, having begun the operation of the mine from scratch and in short-term distinguishes the company as efficient and as a quality model that has been one of its greatest achievements. "The results have been very positive," adds Noriega.  

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