Canadian gold miner Agnico Eagle confirmed on Friday that its operating permit for the Kittila mine in Finland remains valid despite appeals for reconsideration, and, as a result, the company now expects to reach the upper end of its annual guidance.
According to a ruling passed down by the Supreme Administrative Court of Finland (SAC), Agnico’s operating permit has been restored to 2 million tonnes per annum, which the company has been operating at for the first nine months of 2023.
Maintaining at this annualized mining rate would result in 30,000 oz. of additional production from the Kittila mine in the fourth quarter of 2023, Agnico said.
