Rail-Veyor® Material Handling System is now hauling all Deep 1 production material at Agnico Eagle’s Goldex Mine

SUDBURY, ONTARIO, CANADA – March 21, 2018 – Rail-Veyor Technologies Global Inc. is proud to announce that it’s Rail-Veyor system is now hauling all of the production material at Agnico Eagle Mines Limited’s (NYSE: AEM, TSX: AEM) Goldex Mine in Val-d’Or, Quebec, Canada for their Deep 1 project. Installation of the energy-efficient 3 km underground system began as part of Goldex’s new Deep 1 project which was started up in July 2017.

The Rail-Veyor system was installed to haul material at lower operational costs than other alternatives such as trucks or conveyors. As mine production has ramped up, a total of six Rail-Veyor trains are being used in a fully automated and synchronized operation.

“We’re very pleased that we were able to successfully provide this safe, green, and efficient system for Agnico’s Goldex Mine,” says Frank Ward, V.P. Sales and Marketing for Rail-Veyor. “Now that this industry-leading technology is operational and hauling the Deep 1 production material, Agnico Eagle will continue to benefit with every load.”