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72	72	|**Hope Bay**|(% style="width:248px" %)Underground Mine|(% style="width:252px" %)2017-|(% style="width:364px" %) |(% style="width:288px" %)
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75	75	=== Canadian Malartic ===
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77	77	Canadian Malartic is one of the world’s largest gold mines. The 55,000+ tonnes/day open-pit mine and plant produced 568,634 ounces of gold in 2020 (100% basis, and including pre-commercial production from the Barnat pit). Open pit mine life is expected to last through 2028, and does not include development of the underground Odyssey Project. Proven and probable mineral reserves total 2.21 million ounces of gold (61 million tonnes at 1.12 grams/tonne gold) on a 50% basis, as of December 31, 2020.
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131	131	In 2020, the Company started underground and open pit production at Sinter and depleted the Bravo Pit at Creston Mascota approximately mid-year, with residual gold leaching continuing through 2020 and into the first quarter of 2021. The Creston Mascota deposit has now been depleted and the operation has reached the end of its mine life.
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135	135	= Financial Overview =
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167	167	The mid-point of payable gold production guidance for 2021 and 2022 is 2.05 and 2.1 million ounces, respectively, which is unchanged from the outlook provided on February 13, 2020. At this time, gold production guidance excludes production from the newly acquired Hope Bay deposits.
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170	170	== Second Quarter 2021 Results ==
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172	172	July 28, 2021;  Agnico Eagle Mines Limited reported quarterly net income of $189.6 million, or net income of $0.78 per share, for the second quarter of 2021.  This result includes non-cash mark-to-market gains on warrants of $15.9 million ($0.07 per share), foreign currency translation gains on deferred tax liabilities of $9.3 million ($0.04 per share), derivative gains on financial instruments of $1.8 million ($0.01 per share), non-cash foreign currency translation losses of $2.4 million ($0.01 per share) and various other adjustment losses of $2.7 million ($0.02 per share).  Excluding these items would result in adjusted net income1of $167.7 million or $0.69 per share for the second quarter of 2021.  For the second quarter of 2020, the Company reported net income of $105.3 million or net income of $0.44 per share.{{footnote}}https://fintel.io/doc/sec-agnico-eagle-mines-ltd-2809-6k-2021-july-28-18836-7671{{/footnote}}