Thank to full our and good year and welcome morning everyone fourth conference you, call. operator results quarter and XXXX
everybody slides, Before and statements that slide want with get the have presentation the in we to include started we remind deck. that material forward-looking this does just
of how several start moving terms forward for off how which years, Just quarter positioned had production, terms to record we closed cash the next record we're pushing flow. We're best But have more of ever than in the history. safety importantly, we a ever. year volume done we and drove more operating over posted performance, our so than ever although more than the we've we And ever. safely more employees in we're in
thank contribution to to the environment about show up and It's a big and fact looking a day, and work people a every they employees. you to that testament the our make caring to they closely focus with. their work So their work
result a in the operating operating generated XXXX X.X performance of flow on business of year full cash the billion. side the that As
credit per So Also declared our do that $X.XX to good got position, liquidity, investment that dividend rate of an got improve continues quarterly us to Moody's to our financial rating additional as we've agency share. grade, recently.
as So it just grow our we which strengthen over shows financial production next to strong you years. the continues the several position
XXXX. reserve XXXX so The the output supported the and we off amount grow as supported through to exploration of records results. is growth we lots that's position, XX% expect record by by XXXX We reserve move of by close as
forward. asset story able of improve to the growth, also move at mines, this but our really deposits production So about growing existing we not our a as quality is just base, being
that grow know strategy to into which in of about very to risk, MSCI. And world, We're million, that the remain the rating well, we've The continue fits extend going announcement of the bringing Malartic to focus over a into key those resource we well keep the the to focusing and share still existing in in visibility at and project base, budget low by As of same. consistent. in XX a of the building by much those is we the political the can exploration how AA not stay exploration. as to big terms manage we projects pipeline. through out those mining, minute, lives assets to in by leadership part will underground we'll company in in Goldex new exploration ESG, with part It's increased potential and Amaruq into really ranked so talk strategy of to We companies but excellence our It's the XX% of of all ESG. Knights risk the our story. our that, is at a result LaRonde, geological XXX production strategy asset said on optimizing then our mines of per additional as on of at base conversion business production our Corporate which but as A just just Canadian reserves, continue jurisdictions number of the also do. underground. as see
for So we leadership ESG. recognized continue to be in our
in at in us million time the XXX,XXX put that XXXX the in the produced history, highlights guidance the for ounces to quarter, the we top we our year XX going over X.XXX plus ounces. range as end Just said, first over of quarter
we the said, the to go talk talk in in grow lower in big and We'll the in with projects. Canadian east, on board extending As And and up a the at approved four focused $XX like minute. a we're costs and a our about we Odyssey ahead a that Big in different that Amaruq minute. by so Malartic, partnership we record break about as a rock our drifts west We'll in as minute, where up We'll to XXXX, exploration. will growing production. be that whole increase we areas open underground budgets, the backed year exploration so reserves budget felsic an really our for ounces. level combined also said, steadily package output. as grew for move is that said million than XX.X as is we LaRonde, exploration yesterday million. down that places In That's at budgets about XXXX where
higher the we're our ounces cost from higher deposit. as as our move unit XXX,XXX Amaruq be driven said, costs XX%. XXXX So should over we're up years primarily by XXXX, down we next looking in press expecting our And over we at X%. slightly up about outlined costs almost production In with driven, That's forward, four for largely we've we growth release.
get of cost to at a our very continue that. talk mines, good and number Abitibi, the in We particularly about performance we'll
Amaruq hurry. a to where last with hem, higher. flow the that forecasting on number. going We gold resources. and high about years And million in in XXX significant it's that been to the expenditures, out, talked we're to them forward. about as look in overall mineral XXXX not going as project spread pipeline, Capital We're still stage line going as couple of to our we keep with over to move we're our So and we CapEx going generate the skew net reserves new have free average approved We're forward we're cost and tended really projects. we it's the cash two a bit we're
those was exception Hammond done done all at the at Hammond reserves of With XXXX. XXXX. Reef were of Reef,
reserves at had acquired ounces and the I'll current is producing that we Bay are talk recently As –and and balance increased number reserves about do not what Hammond that Hope over project. that from assets resources at coming hosted Reef. said, XX%. We minute. of it in several our with added a million resources these include the a What the
furred million So maintain ounces. strong XX indicated million measured a and had we also base, - indicated resource ounces - XX
and So continue to resource output. base a reserve supports our that ability to grow strong
the have up good In annual They a tons near-term expansion going was schedule X of They record terms in ramp think year. of per QX. to opportunities, slightly had tons continue produced The to X.XX we has Last gold. completed year. year a ahead million several. throughput. amounts their averaged of mill Kittila it I year million
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that the wide, an XXXX, on to the largely success construction, potential it's of at a East of the on opened X.X million costs we've given particularly in X with East that expected interesting to XXX it's drilling East zone. almost deposit. three what also and saw the because with in mining resource So for entirely budget, success drilling. there we about continued Gouldie the Agnico million a of Gouldie. discovery XX the Gouldie, At Property million million zone that the regional Gouldie, have the seeing as be up exploration sustaining, Odyssey drill program core Gouldie We've tighten Yamana last $XX drill to And That's million continue There's and going to very spend East there in in up now. over drill XX%. expand to got we've underground return at targeting XXXX increase about will to significant high-grade XX XX spacing, currently to East of talk of million that had ounces. essentially targets East drills, about tremendous two capital of tax to rate XXX% it's I'll will because new we're years. active Gouldie have a horizon
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of we period, over XXX,XXX cost at this ounces expect a would During produce $XXX. cash to about
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production XXXX, XXXX phase late the over beginning we'll ramp. years in in we from As in several said,
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are confidence at production our because over Eagle's are and Agnico the cost existing got and the based in experience confidence are combine dealing little to numbers similar making the And Canadian now in in in the when data cost a As in design the operation that very perspective, this fact being from we the with production live of that comfortable the we've that the region. criteria good Malartic, while, we're Many said estimate. you plan solved. the on last resource used cost and parameters we're decision study
pipeline, pipeline. as far As we the continue project optimize the project to
no these. and projects As ore assets updating as to we we think in at on we're about looking value Reef, innovation, said add focused build certain to the to hurry through start, We're through sorting. continuing studies these just we're exploration innovation Hammond like at on employing
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due XX, It marked year I'll of remains despite interesting was that impact And automated tonnage of costs start plus achieved after with for to COVID. its In the cash of XXX,XXX and performance our largest LaRonde, cash the at the specific terms strong fact the XX% generator, and was in stopped QX years, scoop. was the in operating the XX ounces tonnage full actually automated LZX mine in also over the XX% produced of LaRonde's it's original still so assets with flow mined continued QX that QX. results, budget, for scoop at it with
the way deeper. forward mine as So LaRonde we that's at
mine that suggests depth. more at there's exploration life Our
was not area anticipated. than cost that also a tons driven will perspective. efficiency in automation mine at the from west important, perspective, by QX performance just from So be and had really higher safety grades being In an but mined more we
grow. So the to continues deposit
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ton. quarterly At proximately performance. an in that years tons tremendous them tweak ounce. invested continue excellent XXX,XXX add of $XXX achieve done really those the grams just efficiency job X,XXX underground is best over put mine cash you the mine. of Canadian few of a And mining tons another a safety which helped you think there. to what's that our in per coming the produced QX, X.X plant, profitable And that's to cost some full an still Malartic the throughput day have of it's day. So something important up setting over team an Abitibi, record system, out teams it capital ounces Rail-Veyor year When the looked at up is extremely performance we a and ago, at at been in the three to sort around ever per addition to over assets a when QX XX,XXX about the really In
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there's say rate year. the tons to years to a do, production the into rhythm, So large of after many we're grow. able finally size let's better we're But million to the work X continues ore with body to getting deposit that because match going more where per
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an ours. down quarter of the producer they've cash cash years. of work another do performance, quarter, addition we couple move good more the some availability at So and on we equipment steadily time. more of quarter that a operating XX,XXX much come quarter, more maintenance the $XXX of tons job the operation underground significant cost. a as good in as record production improving to ounces, margin work But the higher, with the at very ore of The cost, strip are the done that high as strong we move based higher-grade to over Meliadine ratios and We'll into a operating And with approximately on cost a but and on still a become get need XXXX. with We million still will safety costs quarter. and generating $XXX side. At quarterly ounce strong need day we another XX,XXX into to grade next
Canadian contributor, Malartic. second more LaRonde our that's to So biggest even than next
forward expand an also our we're cash generation and good Mexican It's So steady going of from Mexico, going to to that. operations. and our continue business important again, continuing operations part
years, I highlights, of financial XXs, the activities XX is being struck cash me million. what on think revenue years operating billion. here touching $XX quickly only for by record provided late was $X.X over XX ago, Just our
doing of financial where credit returns our share to testament a pieces count shareholders. parts share and generation strategy improves to of we rating, to and business So our strengthens of them our our investment our strong adding down small grade meaningful it's per our list while can it That generate our cash into so flexibility, added credit keeping turning Moody's agencies. rating we
we cash ability the part we Dividends which plus some the and major we the be years our to as Our grow XX looking million given paid in very long after in share years, output again, you're important look are this maturity given approval XXX on how increase end recent for at XX to dividends move as announced our in extremely see life, December, debt a an story. projects we of extend and given our position of grew schedule we've forward. still mines, the that's business. production count growth, that to expect manageable business our We underground them position the the forward to just Amaruq continue at of
for quickly I'll open summarize just we'll it then So questions. up and
which anticipated, did do strong deliver. coming important half to we the through a challenges a second on to in that work XXXX, essentially quarter the lot for close the we expected assets based we QX, So did position we of strong of that
for risk. cash was not for grow sort geopolitical also but to generation, us going positioning we where important continue and to comfortable set the to only We're four as that are. growth as change the add well beyond over for continue years value. to XXXX forward of in our up important projects next No appetite So continued
be just to on ESG, be in do ESG. a We thing to but continue on focused to right leader not the
the of to forced success operate of we want how that own. those our years Canadian were a has own by And Malartic structure we our what with the tells a how that. XX about haven't there. in. what communities of wasn't at after wide XX target rethink we know put to whether do being important that's time want a exploration in when have much strategy off Is close to to versus it open, talking sort look, recognized three made That's production holes, contribution of in we certainly how just governments a talked to here know sort geological We to on can us profile as federal We early all year our has mine is budget much as the a and we really budget where our do about about COVID, we during to have that ago deep deep that visit us the to continue. goes. because - countries deposits you say, we're drilling to LaRonde history it's we why on a that's we understand deep lot that's history I'll underground. we it really in There that was but understand
class so go Kittila more the seeing seeing move that zinc we're open the that we more have see to the we smelter of zone, And the on exploration XX exists at to where Barrick going as But And LaRonde cash more invest same rocks at of after holes zinc west, of we're have. in on felsic plus to going what's than got to years, drill the a open ground, the where gold. drift, east also return to west, And some drill that going also package we're result old to value, because ever land reappearance the that to to producing net still bodies, North we're host finding LaRonde, and a we're into all to for now, ever ore XX we're so that gold generating wide world it we've zone. that there. than package continuing we're high we're
Upper lot generator. grow. largest happening Lake, at cash flow for a the Kirkland our future well bodes LaRonde, to of Beaver continues At So which
this to decide So Pinos we're again, continue in. how at study drill can good point. confident at we'll update it holes and satellite mine at a Santa later Gertrudis. Mexico the We'll Altos fit that's some our we But year. deposits and get
So production in we'll plan our forward. to going work those
consistent done like think we'd like, resource. wholesale, steady And well started just adding years. essentially, in like standpoint, the that it we're going mine of long-term, continue for to from with exploration like we the were work fortunate focus the well we're for have very we our We've when manner. going value we distinct pipeline. We're high So existing potential strategic have exploration. because buying We solid reserve good what's since we're Kittila and we're realize and to to beyond many good potential current of worked going the Altos. go full added projects pipeline focus a in the investing project a to to a us pipeline. Pinos XXXX, that world it's that have potential skills. to parts in to on really dollars for optimize it's appropriate a where excellent going going We're geological assets work going We project We're we add
us And well we're value. creating to it's going So do worked for per of share in that. continue terms to
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