Page 16 Contd from pg 14 at between 970000 and 1010000 ounces of gold at total cash cost per ounce of 735 to 785 LaRonde is Agnico Eagle s fagship operation and currently has a mine life lasting through to 2026 The 7200tonneper day mine and plant has produced almost 43 million ounces of gold as well as valuable byproducts The mine still has 42 million ounces of gold in proven and probable reserves 29 million tonnes grading 45 grams of gold per tonne LaRonde is expected to produce 177000 ounces of gold in 2013 and average about 232000 ounces of gold annually from 2014 through 2015 The deep extension of the LaRonde mine achieved commercial produc tion in November 201 1 and is the focus of its mining activities going forward Ore is processed at the LaRonde mineral processing complex which includes copper and zinc fotation as well as precious metals recovery and refning The processing plant produces dore bars containin g gold and silver as well as zinc and copper concentrates that also carry valuable gold and silver credits In the second quarter of 2013 pay able gold production totalled 461 19 ounces at a tota l cash cost per ounce of 927 net of byproduct credits During the quarter LaRonde also produced 424000 ounces of sil ver 3455 tonnes of zinc and 1280 tonnes of copper During the quarter the mil l pro cessed 559000 tonnes of ore 6143 tonnesday with minesite costs at C103 per tonne In the frst six months of 2013 payable gold production totalled 85192 ounces at a total cash cost per ounce of 831 net of byprod uct credits During the half LaRonde also produced 1035000 ounces of sil ver 1 1694 tonnes of zinc and 2362 tonnes of copper During the half the mill processed 1153000 tonnes of ore 6372 tonnesday with minesite costs at C100 per tonne W ork on the ventilation and cooling plant infrastructure continues on schedule with installation expected to be complete d in the fourth quar ter of 2013 which should provide additional mining fexibility By Gregory Reynolds The modern mining miracle that is the Canadian Malartic Gold Mine contin ues to provide dividends to its parent Osisko Mining Corporation and to its host community Osisko operate s the Malartic Mine in Quebec and is carrying out explora tion and project development else where in Canada and Latin America The mine is now the lar gest in the province Moving part of the town and building the mine cost 11 billion Osisko s main property 100 owned is locat ed in the heart of the prolifc Abitibi Gold Belt south of the T own of Malartic It only took six years from the initia tion of exploration drilling in 2005 to complete the mine development The frst gold pour was in April 201 1 and the start of commercial produc tion in May 201 1 The feasibility study Nov 2008 and reserve updates Feb 2010 March 201 1 and February 2013 have dem onstrated an open pit mining project that will produce an average of be tween 500000 to 600000 ounces of gold per year over a 16year mine life throughput capacity of 55000 tpd Drilling has defned new mineralized zones Barnat Jef frey SE Extension W estern Porphyry Norrie Gouldie In the frst half of 2013 the mine pro duced 217748 ounces of gold and sold 168888 ounces of silver Com pany is mainta ining annual gold pro duction estima te of 485000510000 ounces Cash costs per ounce for the second quarter and the frst six months of 2013 stood at 781 and 792 respec tively compare d to 892 and 857 in the corresponding periods of 2012 The improvement over the compara tive periods in 2012 is mainl y the re sult of increased throughput and gold production improved effciencies and reduction in contractors costs It is anticipated that as the operations at Canadian Malartic stabilize and the operations are further optimized the operating costs will continue their downward trend In June 2013 a month with no maintenance shut down and record gold production cash costs per ounce fell to 602 Sean Roosen president and CEO commenting on the second quarter Contd on pg 18 GOLD SIL VER pouring out of Canadian Malartic Mine LaRonde to produce until 2026 LaRonde is Agnico Eagle s fagship