Its seems that Agnico's positive April 29th comments on the Goldex operation in their first quarterly report were missed for reporting here. The following are those comments:

Goldex Mine - Achieving Targets

The 100% owned Goldex mine in northwestern Quebec began operation in 2008. Proven and probable gold reserves total 1.6 million ounces from 23.8 million tonnes grading 2.1 g/t. Life of mine average annual gold production is expected to be approximately 160,000 ounces per year through 2017. However, it is expected that the mine life may be extended as the reserves mined in 2008 were fully replaced by exploration drilling. Also, several nearby satellite zones of mineralization are being considered for mining, which could further extend the mine life.

The Goldex mine continues to steadily ramp up production. The mill processed an average of 6,770 tonnes per day in the first quarter of 2009, compared with 6,141 tonnes per day in the fourth quarter of 2008. The design capacity for the plant is approximately 6,900 tonnes per day. This rate has periodically been exceeded in 2009.

First quarter 2009 gold production was 35,959 ounces at total cash costs per ounce of $338. This compares with the fourth quarter of 2008 when gold production was 31,972 ounces at total cash costs per ounce of $323. The mine achieved commercial production in August 2008.

During the first quarter of 2009, approximately 950,000 tonnes of ore were blasted at Goldex compared with approximately 650,000 tonnes hoisted. This difference is necessary as the mining method used at Goldex requires some of the broken ore to be temporarily left within the mining block as ground support. As a result of this method, production blasting is expected to be completed in 2012, while the anticipated mine life extends through 2017.

Minesite costs per tonne at Goldex were approximately C$25 in the first quarter, up slightly from C$24 in the fourth quarter of 2008.

A scoping study is underway to examine the possibility of increasing the capacity of the mine from 6,900 tonnes per day to at least 8,000 tonnes per day. This may require additions to the crushing and grinding circuit and additions to the mining fleet. Results of the study are expected to be released this quarter.