CMGP remains committed to the engagement process underway and will continue with the previously announced plans to implement the Guide, effective September 1, 2016. The Guide was developed in conjunction with the Canadian Malartic Monitoring Committee, the Town of Malartic, and the Canadian Malartic Mine. These stakeholders used a collaborative approach to develop the Guide with the objective to mitigate and compensate residents of Malartic for the mine's impact and to present guidelines for property acquisition in Malartic.
Since August 2, 2016, over 800 residents of Malartic have participated in information sessions to better understand the details of and provide input into the Guide. The majority of these participants have responded positively to the compensation amounts and conditions presented in the Guide. CMGP believes this is the result, in part, of its on-going commitment to fair, equal and transparent engagement.
Canadian Malartic Mine
Canadian Malartic Mine is owned by equal partners Agnico Eagle Mines Limited and Yamana Gold Inc. Together, they form the Canadian Malartic General Partnership and Canadian Malartic Corporation. Canadian Malartic General Partnership owns and operates the Canadian Malartic Mine, while Canadian Malartic Corporation oversees exploration projects in Ontario and Quebec. Canadian Malartic Mine is Canada's largest operating gold mine.
SOURCE Canadian Malartic Partnership