July 2 (Reuters) - Miner Agnico Eagle Mines said
on Thursday a rock mass movement occurred along the north wall
of the Barnat open pit at its Canadian Malartic complex in
Quebec, prompting a temporary suspension of mining operations.
The company said no injuries, equipment damage or
environmental impact were reported as a result of the event.
* Agnico said the area had previously been identified as
geotechnically weaker and was under enhanced monitoring, adding
that technical teams are conducting a detailed assessment.
* Processing operations at the Canadian Malartic complex
will continue in the near term using stockpiled ore, the company
said.
* The Barnat open pit was expected to be mined out by early
2029, and the company said the incident could reduce production
by up to about 150,000 ounces of gold per year in both 2027 and
2028, pending the outcome of its assessment.
* Agnico Eagle said Canadian Malartic output in the second
quarter of 2026 was not affected, with production expected to be
about 845,000 ounces of gold, slightly ahead of plan.
* It expects production in the second half of 2026 to fall
by roughly 60,000 to 80,000 ounces, which could push full-year
output toward the lower end of its forecast range of 3.3 million
to 3.5 million ounces.
* The miner said it is advancing its assessment and planning
a safe restart at Barnat, adding that the disruption does not
affect the Odyssey mine or its long-term 1-million-ounce annual
production target at Canadian Malartic.
(Reporting by Varun Sahay in Bengaluru)