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'We have a vision for a 100% Nunavut workforce...'

Growing gold producer Agnico Eagle Mines (TSX: AEM) is hoping to increase the local component of its workforce at its new Nunavut gold operations in northern Canada.
'We have a vision for a 100% Nunavut workforce...' 'We have a vision for a 100% Nunavut workforce...' 'We have a vision for a 100% Nunavut workforce...' 'We have a vision for a 100% Nunavut workforce...' 'We have a vision for a 100% Nunavut workforce...'

Agnico Eagle Mines is hoping to increase the local workforce at its northern Canada operations

Staff reporter

"We have a vision for a 100% Nunavut workforce, hired from the northern communities," the company said this week.

"As of 2018, 38% of our workforce at Meadowbank are local and we are now continuing our work towards this goal at our newly-opened Meliadine and Amaruq mines."

The company had reported record quarterly gold production last month and increased its 2019 guidance slightly to 1.77-1.78 million ounces of gold, after both new mines achieved commercial production this year.
 
It said in 2018, 398 employees at its Nunavut operations were Inuit and it had an objective to obtain 50% Inuit employees there.

Agnico noted 100% of its workforce last year at the Pinos Altos and La India Mines were from Mexico and said its Kittila operation in northern Finland was essentially 100% Finn operated.

"Approximately 98% of Kittila mine employees live in Finnish Lapland," it said.

The company had 8,698 employees and contractors worldwide at the end of 2018.

Its shares virtually doubled from November 2018's low of C$44.21 to a peak of $86.39 in August as the gold price soared amid trade tensions.

Agnico closed up 0.9% yesterday to $78.42, capitalising it at $18.8 billion (US$14.2 billion).