Guides /

Updated March 2026

Top Active Gold Mines
in Canada

Canada is the world's fourth-largest gold producer, with 11 major operations spread across five provinces and territories generating over 200 tonnes of gold annually. From Ontario's prolific Abitibi belt to Nunavut's Arctic tundra, these mines represent billions in investment and tens of thousands of jobs.

200+
Tonnes produced annually
#4
World ranking
11
Operations profiled
$3,100+
Gold price (USD/oz)

Region

Ontario

Ontario is the largest gold-producing province in Canada, home to legendary camps that have been operating for nearly a century. From the Abitibi belt to the Red Lake district, Ontario's gold mines are anchored by world-class operators investing billions in expansions and new developments.

Mine 1 of 11

Detour Lake Mine

Expanding

Location

185 km NE of Cochrane, Ontario

Mine Type

Open pit (underground expansion planned)

Owner

Agnico Eagle Mines

Mine Life

2040+

Gold 680,000 oz (2024)

Detour Lake is one of the largest gold mines in Canada and a cornerstone asset for Agnico Eagle, acquired through its 2022 merger with Kirkland Lake Gold. The open-pit mine sits along the Sunday Lake Deformation Zone and has measured and indicated resources totalling 17.2 million ounces of gold.

2025–2026 Update

An updated technical report outlines a pathway to increase annual production to one million ounces by 2030, which would place Detour Lake among the top three gold mines globally. Underground exploration drilling is advancing from new drill stations at depth.

Mine 2 of 11

Macassa Mine

Active

Location

Kirkland Lake, Ontario

Mine Type

Underground

Owner

Agnico Eagle Mines

Mine Life

2035+

Gold Avg grade 7.77 g/t, 2.2M oz reserves

Macassa is one of Canada's highest-grade gold mines, with proven and probable reserves averaging 7.77 grams per tonne — totalling 2.2 million ounces across 8.8 million tonnes. The mine has operated in the Kirkland Lake camp since 1933 and remains a backbone of Agnico Eagle's Ontario portfolio.

2025–2026 Update

The mine achieved 101% reserve replacement of its mining depletion during 2025. Agnico Eagle is also advancing the nearby Upper Beaver project, which could eventually provide additional high-grade mill feed.

Mine 3 of 11

Côté Gold Mine

New — Ramping Up

Location

125 km SW of Timmins, Ontario

Mine Type

Open pit

Owner

IAMGOLD (70%) / Sumitomo Metal Mining (30%)

Mine Life

2040+

Gold 279,900 oz (2024)

Côté Gold is Ontario's newest large-scale gold mine, having achieved commercial production in mid-2024. The open-pit operation sits on one of the largest undeveloped gold deposits in Canada. In its first full year, the mine produced 279,900 attributable ounces, hitting the top end of guidance.

2025–2026 Update

The processing plant reached nameplate throughput of 36,000 tonnes per day ahead of schedule in June 2025. IAMGOLD plans to accelerate approximately $120 million in expansion capital in 2026 to de-risk a contemplated mill expansion.

Mine 4 of 11

Island Gold District

Expanding

Location

Near Dubreuilville, Ontario

Mine Type

Underground & open pit

Owner

Alamos Gold

Mine Life

2038+

Gold 250,400 oz (2025)

Alamos Gold's Island Gold District combines the high-grade underground Island Gold mine with the adjacent Magino open-pit operation, producing 250,400 ounces in 2025. Island Gold consistently delivers some of the best underground grades in the country.

2025–2026 Update

The Phase 3+ Expansion will be completed in late 2026, doubling underground throughput to 2,400 tonnes per day. Average annual production is forecast to jump to 411,000 ounces, a 43% increase, with all-in sustaining costs dropping to US$915 per ounce.

Mine 5 of 11

Red Lake Complex

Ramping Up

Location

Red Lake, Ontario

Mine Type

Underground

Owner

Evolution Mining (Australia)

Mine Life

2040

Gold 112,700 oz (FY2024)

Red Lake is one of the most storied gold camps in Canadian history, with over 30 million ounces produced since the 1930s. Evolution Mining acquired the operation from Newmont in March 2020 for $375 million and operates three underground mines and two processing plants on a single integrated site.

2025–2026 Update

Evolution produced approximately 112,700 ounces in fiscal year 2024. Longer-range plans call for a process optimization study to reach 300,000 ounces per year by fiscal year 2027.

Region

Quebec

Quebec's Abitibi-Témiscamingue region and James Bay territory are home to some of the most productive gold operations in North America. Agnico Eagle dominates the province's output, operating two of the three profiled mines in the heart of the Val-d'Or–Malartic corridor.

Mine 6 of 11

Canadian Malartic Mine

Active

Location

Malartic, Abitibi-Témiscamingue, Quebec

Mine Type

Underground (transitioned from open pit in 2023)

Owner

Agnico Eagle Mines

Mine Life

2039

Gold 593,000 oz (2024)

Canadian Malartic was once the largest open-pit gold mine in Canada, producing over 700,000 ounces annually at peak. In 2023, Agnico Eagle completed the transition from the exhausted open pit to the high-grade Odyssey underground mine beneath it. The Odyssey project accesses three underground zones — Odyssey South, East Gouldie, and East Malartic — with combined reserves of 5.4 million ounces.

2025–2026 Update

Shaft sinking at the Odyssey South shaft reached 1,200 metres by the end of 2025, with commercial production from depth expected to begin in 2028. Full underground production will reach 19,000 tonnes per day.

Mine 7 of 11

Éléonore Mine

Active

Location

James Bay region, Quebec

Mine Type

Underground

Owner

Newmont Corporation

Mine Life

2031

Gold ~230,000 oz/yr

Éléonore is a remote fly-in underground gold mine located in the James Bay region of northern Quebec, approximately 800 kilometres north of Montreal. The mine has been in production since 2015 and processes approximately 7,200 tonnes of ore per day.

2025–2026 Update

Newmont placed Éléonore under strategic review in late 2024 as part of its portfolio simplification following the Newcrest acquisition. The mine continues to operate at steady-state production while the review process concludes.

Mine 8 of 11

Goldex Mine

Active

Location

Val-d'Or, Quebec

Mine Type

Underground

Owner

Agnico Eagle Mines

Mine Life

2029+

Gold ~135,000 oz/yr

Goldex is a mechanized underground mine near Val-d'Or that has been producing since 2008. Known for its low operating costs, the mine extracts ore from the Deep 1 and Akasaba zones and processes approximately 8,700 tonnes per day.

2025–2026 Update

Agnico Eagle continues to extend the mine life through infill and exploration drilling. The South zone is being evaluated as a potential future source of higher-grade ore.

Region

British Columbia

British Columbia's Golden Triangle in the province's rugged northwest has attracted major investment from global miners. Brucejack stands as the region's flagship gold operation, processing some of the highest-grade ore in the world from a remote mountain site.

Mine 9 of 11

Brucejack Mine

Active

Location

65 km N of Stewart, B.C.

Mine Type

Underground

Owner

Newmont Corporation

Mine Life

2032

Gold ~289,000 oz (2024)

Brucejack is one of the highest-grade gold mines in the world, located in B.C.'s Golden Triangle. The underground mine processes ore from the Valley of the Kings deposit through a 3,800-tonne-per-day mill accessible only by air and a 70-kilometre road from tide-water at Stewart.

2025–2026 Update

Newmont completed a mine redesign in 2024 that shifted extraction to wider, more predictable stoping methods. The mine was included in Newmont's asset review but has been retained as a core asset.

Region

Nunavut

Nunavut's vast Arctic landscape hosts Canada's most remote gold mining operations. Agnico Eagle's Meadowbank Complex is one of the largest private employers in the territory, operating in extreme conditions hundreds of kilometres from the nearest road.

Mine 10 of 11

Meadowbank / Amaruq Complex

Active

Location

300 km W of Hudson Bay, Nunavut

Mine Type

Open pit (transitioning underground)

Owner

Agnico Eagle Mines

Mine Life

2032

Gold ~415,000 oz combined (2024)

The Meadowbank Complex sits 70 km north of Baker Lake in Nunavut and includes the original Meadowbank mine and the satellite Amaruq open-pit deposit connected by an all-weather haul road. All ore is processed through a single 11,000 tonne-per-day mill. Agnico Eagle employs roughly 2,300 workers on site, making it one of the largest private employers in the territory.

2025–2026 Update

Underground development at the Amaruq underground project is advancing, targeting first production in late 2026 to replace depleting open-pit reserves. The underground operation will extend the complex's mine life to 2032.

Region

Yukon

The Yukon's mining industry was shaken by the catastrophic failure at Eagle Gold in 2024 — a disaster that has reshaped how regulators, Indigenous communities, and investors assess frontier mining risk in northern Canada.

Mine 11 of 11

Eagle Gold Mine (Cautionary Case)

Suspended — Environmental Emergency

Location

380 km NE of Whitehorse, Yukon

Mine Type

Open-pit heap leach

Owner

Victoria Gold (in receivership)

Mine Life

Suspended

Gold 0 (suspended)

Eagle Gold was the Yukon's largest gold mine and one of the few heap leach operations in northern Canada. On June 24, 2024, a catastrophic failure of the heap leach pad sent approximately 280 million litres of cyanide-laced solution cascading into the surrounding watershed. The failure triggered a territorial environmental emergency and forced Victoria Gold into receivership.

2025–2026 Update

PricewaterhouseCoopers was appointed receiver. Cleanup and environmental remediation are ongoing, with costs estimated to exceed $500 million. The site is not expected to return to production. The disaster has prompted regulatory reviews of heap leach permitting across northern Canada.

Industry Context

Gold Market Context

Record gold prices, shifting extraction strategies, and frontier challenges are reshaping Canada's gold mining landscape in 2026.

Record Prices

Gold surpassed US$3,100/oz in early 2026, driven by central bank buying, geopolitical uncertainty, and inflation hedging. Canadian producers benefit from a weaker Canadian dollar that amplifies margins.

Agnico Eagle Dominance

Agnico Eagle produces more gold in Canada than any other company. With Detour Lake, Canadian Malartic, Macassa, Meadowbank/Amaruq, and Goldex, the company's Canadian operations alone rival mid-tier national producers.

Underground Renaissance

Several major operations are transitioning from open-pit to underground mining. Canadian Malartic's Odyssey, Detour Lake's underground exploration, and Amaruq's underground development signal a shift toward deeper, higher-grade resources.

Northern Challenges

Remote fly-in operations in Nunavut, James Bay, and the Yukon face extreme logistics costs, permafrost complications, and the Eagle Gold disaster has heightened scrutiny of environmental practices in frontier mining regions.