Malartic is a town on the Malartic River in the La Vallée-de-l’Or Regional County Municipality of northwest Quebec, Canada. Along Quebec Route 117 and the Canadian National Railway, it’s about 80 kilometres (50 miles) east of Rouyn-downtown. Noranda’s The municipality contains the smaller settlement of Norrie in addition to the largest settlement of Malartic.
The town was named after the first gold mine, which was probably named after Louis-Joseph de Montcalm’s aide-de-camp, the comte de Malartic. It grew around three of Québec’s largest gold mines – the Canadian Malartic, East Malartic, and Malartic goldfields – and peaked at 5983 people in the early 1950s.
Despite a mining accident that killed 12 miners in an underground fire in April 1947, Malartic thrived in the 1950s, reaching a population peak of nearly 7000 people. However, the Canadian Malartic and Malartic Goldfields mines closed in 1965, and the Barnat and East Malartic mines closed in the 1980s. The economy and population both suffered as a result of this.
The Canadian Malartic mine, in which Yamana has a 50% stake, is situated near the town of Val-d’Or in the Abitibi region of Quebec. It is the largest gold mine in Canada and Yamana’s largest producer. When the Company and Agnico Eagle Mines bought Osisko Mining together in 2014, they inherited the operation. The Canadian Malartic General Partnership, a joint management committee made up of senior executives from Yamana and Agnico Eagle, is in charge of the operation.
Canadian Malartic is actually an open-pit mine, but the company is working on a massive underground project called the Odyssey that will turn the mine into an underground operation by about 2028, with a mine life of at least 2039. Exploration at Canadian Malartic is primarily focused on defining and expanding underground mineral resources.
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