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 gold in 2018 and employs nearly 400 people.
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 what 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 do things differently. We have a unique approach to data and problem-solving that yields results for our clients.
Newtrax solutions are unique in three important ways:
Newtrax gave the mechanical department the ability to fix problems with their equipment, before those problems became critical failures.
Keeping a truck in service kept 500 tonnes of capacity per day in operation.
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.
Newtrax systems gave miners at Goldex proof the declining power in their machines they were feeling was real.