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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.
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. This ruling, said Al-Joundi, is consistent with the the company’s “excellent environmental performance” at Kittila, where the operation is “well below the environmental emission limits.”
However, these permits were subsequently appealed to the Vaasa Administrative Court in Finland. The appeals were granted, in part, in July 2022, with the result that the permits were returned for reconsideration by the agency.
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