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Canada
Hope Bay Mine (Hope Bay Expansion Project)

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 Location:
74 km NE from Umingmaktok, Nunavut, Canada

  Regional Office:
93, Rue Arseneault, suite 202
Val-d'Or
Quebec, Canada
J9P 0E9
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  • Overview
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  • Costs & Financials
  • Fleet
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  • Filings & News

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Overview

StatusCare and Maintenance
Mine TypeOpen Pit & Underground
Commodities
  • Gold
  • Silver
Mining Method
  • Truck & Shovel / Loader
  • Longhole stoping
  • Transverse stoping
  • Longitudinal stoping
  • Cemented backfill
Production Start...
Mine Life15 years (as of Jan 1, 2020)
The Company announced in February 2022 that production activities at the Hope Bay mine will be suspended for the remainder of 2022 and 2023 and the Company’s focus during this time will be accelerating exploration at the Hope Bay property and the evaluation of future production scenarios for Hope Bay. Care and maintenance activities will continue during the period of suspension.


Owners

Source: p. 228, 232
CompanyInterestOwnership
Agnico Eagle Mines Ltd. 100 % Indirect
TMAC Resources Inc. (operator) 100 % Direct
The Agnico Eagle completed the purchase of all the issued and outstanding common shares and equity instruments exchangeable for common shares of TMAC Resources Inc. (“TMAC”) on February 2, 2021. TMAC owned and operated the Hope Bay mine and also owned exploration properties in the Kitikmeot region of Nunavut.

Contractors

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Deposit Type

  • Orogenic
  • Vein / narrow vein
  • Breccia pipe / Stockwork
  • Mesothermal


Summary:

The Hope Bay Property is located within the Hope Bay volcanic belt which is part of a massive structural-geological complex called the Slave Structural Province.

The Hope Bay deposits (Doris, Madrid, and Boston), as well as a large number of other prospects, are considered to be typical of orogenic-type mesothermal lode gold deposits, greenstone-hosted quartz carbonate vein deposits.

• The Doris gold deposit is a typical Archean lode deposit which occurs within an over 3 km long, steeply dipping quartz vein system, in folded and metamorphosed pillow basaltic rocks.
• The Madrid deposit area lies within a north-south striking package of mafic volcanic rocks, comprising a sequence of Fe-Ti tholeiitics, Mg tholeiitics, komatiitic basaltic, synvolcanic to late gabbroic, and ultramafic rocks.
• The geology in the area of the Boston deposit is a bimodal assemblage of mafic and felsic volcanic rocks in contact with sedimentary rocks, all of which are complexly folded about a large-scale synformal-anticline. The core of the anticline is occupied by mafic volcanic rocks that host the Boston deposit and these are in turn overlain by sedimentary rocks.

THE DORIS AREA
The Doris Deposit is located at the north end of the north-south trending Hope Bay greenstone belt of Archean age near Cambridge Bay in Nunavut. Gold mineralization is contained within predominantly sub vertical quartz veins hosted within mafic volcanic rocks.

Min ........


Mining Methods

  • Truck & Shovel / Loader
  • Longhole stoping
  • Transverse stoping
  • Longitudinal stoping
  • Cemented backfill


Summary:

During 2018 and 2019 a small open pit was mined near Doris Lake where the hinge outcropped at surface.

A small open pit is currently being mined on the Naartok East Limb.

Mining at the Hope Bay Project incorporates longhole mining methods in order to address the deposit geometry and anticipated ground conditions. Mining will take place under permafrost conditions where the mineralization is located away from any water bodies and under nonpermafrost conditions in what is known as the talik in the vicinity and under the lakes in the area.

Doris North will be under permafrost while the Connector and Central zones at Doris will be beneath the lake. A portion of the Madrid North deposit (part of Naartok) as well as the Madrid South deposits (Patch and Wolverine) are situated beneath the lakes and therefore will not be under permafrost conditions.

The deposits will be accessed, and services will be provided by a decline from surface with an average grade of 13%. The ramp will also be used for ore and waste haulage from the underground operations.

The Doris deposit is currently in production, with an existing ramp decline reaching active mining areas. Mining will continue as per current methods until depletion. Transverse and longitudinal longhole mining is planned for Doris. Madrid North (Naartok and Suluk) and Boston will be mined using longhole stoping methods with sub-levels placed at 20-m vertical intervals (16-m dr ........


Crushing and Grinding
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Processing

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Summary:

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Production:

CommodityProductUnits20212020201920182017
Gold Payable metal koz  ......  Subscription required  ......  Subscription required
Silver Payable metal koz  ......  Subscription required
Gold Metal in doré koz  ......  Subscription required11155
Subscription required - Subscription is required.

Operational Metrics:

Metrics202120202019201820172016
Tonnes processed  ......  Subscription required  ......  Subscription required593,000 t464,200 t208,900 t
Daily processing capacity  ......  Subscription required  ......  Subscription required2,000 t2,000 t1,000 t
Daily processing rate  ......  Subscription required  ......  Subscription required1,620 t1,280 t
Total tonnes mined  ......  Subscription required  ......  Subscription required1,282,100 t974,900 t413,800 t298,700 t
Ore tonnes mined  ......  Subscription required  ......  Subscription required526,000 t475,800 t150,700 t100,500 t
Waste  ......  Subscription required  ......  Subscription required756,100 t499,100 t263,100 t198,200 t
Daily ore mining rate  ......  Subscription required  ......  Subscription required1,440 t1,300 t
Subscription required - Subscription is required.

Reserves at December 31, 2021:

CategoryTonnage CommodityGradeContained Metal
Proven 78 kt Gold 6.03 g/t 15 koz
Probable 15,874 kt Gold 6.5 g/t 3,319 koz
Proven & Probable 15,952 kt Gold 6.5 g/t 3,334 koz
Indicated 8,779 kt Gold 3.43 g/t 967 koz
Measured & Indicated 8,779 kt Gold 3.43 g/t 967 koz
Inferred 10,247 kt Gold 5.09 g/t 1,678 koz

Commodity Production Costs:

CommodityUnits20212020201920182017
Credits (by-product) Gold USD  ......  Subscription required
Cash costs (sold) Gold USD  ......  Subscription required 868 / oz   1,288 / oz  
Total cash costs (sold) Gold USD  ......  Subscription required  ......  Subscription required
Total cash costs Gold USD  ......  Subscription required  ......  Subscription required
Total cash costs (sold) Gold USD  ......  Subscription required†  ......  Subscription required†
All-in sustaining costs (sold) Gold USD  ......  Subscription required 1,291 / oz   1,870 / oz  
† Net of By-Product.
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Operating Costs:

Units20212020
Total operating costs ($/t milled) CAD  ......  Subscription required  ......  Subscription required
Subscription required - Subscription is required.

Financials:

Units2021201920182017
Sustaining costs M  ......  Subscription required  ......  Subscription required 41.8  CAD 16  CAD
Capital expenditures M  ......  Subscription required  ......  Subscription required 101.5  CAD 84.6  CAD
Revenue M  ......  Subscription required  ......  Subscription required 178  CAD 56.4  CAD
Gross profit M  ......  Subscription required
Pre-tax Income M  ......  Subscription required -46.9  CAD -35.1  CAD
After-tax Income M  ......  Subscription required -42.1  CAD -25.3  CAD
EBITDA M  ......  Subscription required 22.8  CAD -8.2  CAD
Operating Cash Flow M  ......  Subscription required 21.6  CAD -33.9  CAD
Subscription required - Subscription is required



Heavy Mobile Equipment as of January 1, 2020:
HME TypeModelQuantity
Bolter ....................... Subscription required ....................... Subscription required
Drill (long hole) ....................... Subscription required ....................... Subscription required
Jumbo ....................... Subscription required ....................... Subscription required
Load-Haul-Dump (LHD) ....................... Subscription required ....................... Subscription required
Scissor Lift ....................... Subscription required ....................... Subscription required
Truck (haul) ....................... Subscription required ....................... Subscription required
Subscription required - Subscription is required.

Mine Management:

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Jul 6, 2022
....................... Subscription required ....................... Subscription required Subscription required Jul 6, 2022
....................... Subscription required ....................... Subscription required Subscription required Jul 6, 2022
....................... Subscription required ....................... Subscription required Subscription required Jul 6, 2022
....................... Subscription required ....................... Subscription required Subscription required Jul 6, 2022
....................... Subscription required ....................... Subscription required Subscription required Jul 6, 2022
....................... Subscription required ....................... Subscription required Subscription required Jul 6, 2022
....................... Subscription required ....................... Subscription required Subscription required Jul 6, 2022
Subscription required - Subscription is required.

Staff:

EmployeesTotal WorkforceYear
Subscription required Subscription required 2021

Corporate Filings & Presentations:

DocumentYear
Press Release 2022
................................... Subscription required 2021
................................... Subscription required 2021
................................... Subscription required 2021
................................... Subscription required 2021
................................... Subscription required 2020
................................... Subscription required 2020
................................... Subscription required 2019
Corporate Presentation 2018
Management Discussion & Analysis 2018
Press Release 2018
Year-end Mineral Reserves 2018
Corporate Presentation 2017
Management Discussion & Analysis 2017
Management Discussion & Analysis 2017
Press Release 2017
Management Discussion & Analysis 2015
Pre-Feasibility Study Report 2015
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Subscription required - Subscription is required.

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