2025 Agnico Eagle Finland Oy

Tourism, together with mining, is a cornerstone of Kittilä’s economy. Other important economic activities include reindeer husbandry, forestry and the service industry.

Coordination with other livelihoods is a prerequisite of mining. Agnico Eagle Finland aims to promote social, economic and sustainable development in its area of operation. It is therefore important to engage in active dialogue and close cooperation with stakeholders, including representatives of the tourism sector and other economic activities.

The economic impact of the Kittilä mine in the region and in Lapland is significant in terms of taxes and fees paid and employment generated. The tax footprint was EUR 111.5 million in 2025. Purchases are preferably made from nearby areas whenever possible. In 2025, the value of Finnish procurement was EUR 222 million. Lapland-based companies accounted for EUR 59 million of this total.

The social, economic and environmental impacts of mining operations are always assessed before a project starts, and larger projects are subject to a project-specific Environmental Impact Assessment (EIA) based on environmental legislation. The environmental impacts of mining are prevented, mitigated and monitored, for example, with a monitoring program approved by the authorities. Furthermore, additional, voluntary development measures and monitoring are carried out at the Kittilä mine.

The recreational potential of the area is explored and developed together with local communities. Cooperation projects include the construction of a new kota (traditional hut) for local residents and tourists on the north side of the tailings area and the enhancement of the Parvajoki river, which flows through the village of Kittilä, to restore the brown trout habitat and to revive the population.

Long-term planning for water management is supported by Agnico Eagle’s Water Management Policy, which reinforces water management practices in line with the Towards Sustainable Mining standard. One of the most significant investments related to water management is the nitrogen removal plant completed at the end of 2022, which has helped to keep nitrogen emissions from the Kittilä mine very low.

Environmental and fisheries monitoring is continuous, and young fish are planted annually in the Seurujoki and Loukinen and Kapsajoki rivers. The annual amount required by the environmental permit is 12,000 fish fry. In February 2025, Kalailta (fish related event) was held in Kittilä, open to all, with the aim of finding new ways to protect fish stocks by discussing and exchanging experiences and ideas.

Landscape and nature values are considered in the design and implementation of operations throughout the life of the mine, and they are assessed in the permit processes of major construction projects.

According to the Mining Act and the Environmental Protection Act, a mining operator must have a mine closure plan approved by the relevant authority at the start of its operations. In addition, collateral must be set in accordance with the Environmental Protection Act. Both the closure plan and the amount of collateral are updated as the operations change. The mine closure plan includes, among other things, the principles and measures for landscaping and environmental adaptation. The plan also considers biodiversity needs.