Agnico Eagle Goldex Mine: Cost Savings Through Machine Learning

Newtrax could predict major engine failures two weeks before they were going to happen.
Instead of spending $100,000 to replace an engine, Agnico spent a quarter of that by being proactive.
Keeping a truck in service kept 500 tonnes of capacity per day in operation.

Goldex Mine is an Agnico Eagle Mines operation in the Val d’Or region of Québec. It first began commercial production in 2013. The mine produced more than 120,000 oz of goldin 2018 and employs nearly 400 people.

The Challenge

Agnico Eagle management has collected a large amount of data on their operation in the last 6 years —about 10 billion data points—but wasn’t sure to do with all that information.

It’s a daunting amount of data, that can be hard to comb through. That’s where machine learning algorithms from Newtrax come in.”

We approached Newtrax in the fall to discuss the data we had collected for the last six-and-a-half years, and what we could do with it, how we could add value to Agnico. We were able to collect over 10 billion data points using the Newtrax sensors. This provided Newtrax with data in order to achieve quick wins.”

Terry Reid – Corporate Business Process Owner: Maintenance

Choosing Newtrax

Newtrax solutions are unique in three important ways:

Newtrax has a large database with anonymized information from our clients to draw from.

Right away, Newtrax systems can start finding solutions for you.

We focus on quick wins, small incremental improvements that add up in a big way.

“First, Newtrax has years of unique data that is extremely well-suited for Machine Learning, and that creates a source of training data for machine learning that is unique in the world, and it grows every time a mining company decides to join in.”

Michel Dubois, Former VP of Artificial Intelligence at Newtrax

Outcome

At Goldex, Newtrax gave the mechanical department the ability to fix problems with their equipment, before those problems became critical failures.

Newtrax could predict major engine failures two weeks before they were going to happen.

Instead of spending $100,000 to replace an engine, Agnico spent a quarter of that by being proactive.

Keeping a truck in service kept 500 tonnes of capacity per day in operation.

Newtrax systems gave miners at Goldex proof the declining power in their machines they were feeling was real.

“ [Newtrax] was able to develop a system that enables us to predict issues at least two weeks in advance, even before the alarms, so we can intervene before we incur problems that break our engines.”

Daniel Pinard, Team Lead – Special Projects