# Agnico Eagle Finland expands Kittilä gold mine with €160M investment

Agnico Eagle Finland awarded Pöyry an EPCM assignment for a €160 million expansion of the Kittilä gold mine, including a 1,044-meter shaft and increased processing capacity from 1.6 to 2.0 million tonnes per annum, expected to boost gold production by 50,000-70,000 ounces annually from 2021.

- Type: Expansion
- Announced: 2018-03-22
- Where: Kittilä, Finland
- Value: $197.0M (160.0M EUR)
- Starts operating: 2021
- Status: announced
- Capacity: 2.0 million tonnes per annum
- Products: gold
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Agnico Eagle Finland](https://endata.com/companies/26752.md)
- [Pöyry](https://endata.com/companies/610.md) (partner)

## Sources

- [miningweekly.com](https://www.miningweekly.com/article/pyry-awarded-epcm-services-assignment-for-expansion-investment-of-agnico-eagle-finland-gold-mine-in-kittil-finland-2018-03-22), 2018-03-22: "The shaft will make it possible to utilize the deeper parts of the gold deposit in an economically sensible way, and it will improve our energy efficiency, as well as decrease our emissions."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.