Stock Symbol: AEM (NYSE and TSX)
(All amounts expressed in U.S. dollars unless otherwise
noted)
TORONTO, June 20,
2022 /CNW/ - Agnico Eagle Mines Limited (NYSE:
AEM) (TSX: AEM) ("Agnico Eagle" or the "Company") reports that it
has released its 2021 Sustainability Report (the "Report"). The
Report provides an update on Agnico Eagle's oversight, strategy,
practices and risk management approach to key areas of health and
safety, environmental, social and governance ("ESG") and on the
historic sustainability performance of all mining operations.
The Report marks the 13th year that Agnico Eagle has
produced a detailed account of the Company's ESG performance. The
Report has been prepared in accordance with the Global Reporting
Initiative ("GRI") Standards: Core Options, with additional mining
industry specific indicators from the Sustainability Accounting
Standards Board ("SASB") Metals and Mining disclosures and metrics.
The Report is also aligned with the Task Force on Climate Related
Financial Disclosures ("TCFD").
Highlights from the Report
include:
- Integration of Legacy Kirkland Lake Gold operations – On
February 8, 2022, Agnico Eagle and
Kirkland Lake Gold Ltd. ("Kirkland Lake") completed a merger of
equals. Performance data in the Report from both legacy companies
is provided separately, and consolidated where appropriate, to
provide our stakeholders with a complete understanding of Agnico
Eagle's current business practices
- Strong overall ESG performance – The Company maintained
or improved performance across many key environmental indicators,
including zero significant environmental incidents and the
efficient use of water (78% of water for operational use recycled
and reductions in fresh water used per ounce of gold produced). The
Company continued to contribute and invest in the communities in
which it operates with a combined $10.0
million in community investments and $1.6 billion in local procurement
- Continued commitment to addressing climate-change and
reaching net-zero by 2050 – In 2021, Agnico Eagle became a
formal supporter of TCFD, expanded its climate-change governance
model and completed a corporate climate-change related risk
assessment. The Company's combined greenhouse gas ("GHG") profile,
with an intensity of 0.4 tonnes of CO2 equivalent for
every ounce of gold produced, continues to position Agnico Eagle as
a low GHG intensity gold producer. The Report also provides an
estimate of Scope 3 emissions for legacy Agnico Eagle and legacy
Kirkland Lake
- COVID-19 Response – In 2021, Agnico Eagle continued to
respond to the challenges presented by COVID-19. Throughout the
pandemic the Company continued to focus on three priorities:
protecting its employees, protecting its communities and protecting
its operations
- Responsible Mining – The Company is committed to being a
responsible miner and contributor to the sustainable development of
the regions where it operates. In 2021, Agnico Eagle completed an
externally verified audit for six mine sites on Towards Sustainable
Mining ("TSM"), Responsible Gold Mining Principles ("RGMP"), and
Voluntary Principles on Security and Human Rights ("VPSHRs")
The 2021 Sustainability Report can be accessed here.
About Agnico Eagle
Agnico Eagle is a senior Canadian gold mining company, producing
precious metals from operations in Canada, Australia, 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.
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SOURCE Agnico Eagle Mines Limited