Sectoral study Economy

Change in the economic impact of CMM activities and in the socio-economic characteristics of Malartic

Aviseo Consulting was commissioned by Canadian Malartic Mine (CMM) to analyze the mine’s economic impact on the town of Malartic. Although socio-economic indicators do not allow for clearly identifying CMM’s impact, it most likely contributes to property values and the vitality of the town’s social fabric. However, the mine makes a significant contribution to the local economy with $813 million of value added across Quebec and supports many jobs within the RCM.

Mine Canadian Malartic – Évolution des retombées économiques des activités de MCM

Key figures

  • The population of Malartic decreased by 1.2% between 2013 and 2017, mainly due to inter-regional migration, while that of Quebec increased by 0.7% over the same period.
  • The population’s median age is 41 years (compared to 43 years for Quebec as a whole), despite a high departure rate from the region among 20- to 24-year-olds.
  • Of the workers between 25 and 65 years of age, 29% do not have a high school diploma and 6% have a university degree.
  • Despite an employment rate in Malartic 5% lower than that of Quebec as a whole, wages remain competitive and are, on average, $3,000 higher than those of Quebec as a whole.
  • CMM brings $813 million in value added to Quebec on an annual basis.
  • Of CMM’s supplier spending, 35% benefits the Abitibi-Témiscamingue region. The towns of Val-d’Or and Malartic are the two centres of investment in the region and account for 18% and 7% of spending, respectively.
  • CMM supports 2,700 jobs, 1,500 of which are daily jobs at the mine.
  • CMM represents $100 million in tax revenues for the Quebec government and its impact is amplified by its strong local presence.
  • CMM provided $760,000 to the community to support community and school projects. It also provided $70,000 to Indigenous communities.
  • The value attributable to real property in Malartic is $346 million. CMM contributes to 25% of that value.
Please note this publication is only issued in French.

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