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Operations

MAY 2023

Celebrating four million ounces!


This week we recognised reaching the milestone of producing four million ounces of gold since the commissioning of Fosterville Gold Mine’s (FGM) sulphide operation in 2005. 

The four millionth ounce was poured on 23 March 2023 with the milestone coming just over two years since the three millionth ounce was poured in December 2020.

“Four million ounces equates to 9,617 gold bars, which is an extraordinary achievement made possible by the combined efforts, skill and expertise of our current and past employees. Everyone should be very proud of what has been achieved, Fosterville is a world class gold deposit” said Lance Faulkner, General Manager.  

The existence of the mine has brought economic benefits for the community, with over 800 people currently employed or contracted at the mine and $150M currently being injected into the economy annually. This is in addition to our social responsibility program, which supports multiple community initiatives and provides grants to smaller community groups.

“A key focus for us at Fosterville Gold Mine, is ensuring that our success translates into significant and tangible benefits for the local community, while at the same time ensuring we minimise our environmental impacts through effective management, monitoring and rehabilitation programs” said Lance.

We are currently working on an Environment Effects Statement (EES) for the FGM Sustained Operations Project, which will be submitted to the Victorian Department of Transport and Planning in order to secure the next 10 years of the mine’s operations. 

“The EES is critical to the future of our operation and ensuring we can continue to operate and work towards the five millionth ounce milestone” Lance concluded.


Pictured above: 
Ion Hann, Vice President, Australian Operations (far left) and Lance Faulkner, FGM General Manger were pleased to share this milestone with four members of the Agnico Eagle Global team from Canada. From left are: Mohammed Ali, Vice President, Sustainability and Regulatory Affairs and Environment & Sustainable Development; Natasha Dombrowski, Director of Environment and Sustainability; Carol Plummer, Executive Vice President for Operational Excellence and Environmental & Sustainable Development; and Jason Allaire, Vice President of Health, Safety, Social Affairs and People and Communications.

Pictured below:
It was also great to share this moment with Jozsef Patarica, who was a previous General Manager of FGM, and Frank Hill, Environmental Assistant and Fosterville local.



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