Stock Symbol: AEM (NYSE and TSX)
(All amounts expressed in U.S. dollars unless
otherwise noted)
TORONTO, Feb. 15,
2024 /PRNewswire/ - Agnico Eagle Mines Limited
(NYSE: AEM) (TSX: AEM) ("Agnico Eagle" or the "Company") is pleased
to provide an update on year-end 2023 mineral reserves and mineral
resources, exploration activities at mine sites and select advanced
projects in 2023 and the exploration plan and budget for 2024. The
Company's exploration focus remains on extending mine life at
existing operations, testing near-mine opportunities and advancing
key value driver projects.
"The Company's ambitious exploration program in 2023 and
continuing into 2024 is yielding exciting results. At Detour Lake,
step-out drilling suggests potential for an underground operation
and, together with optimization of the current open pits and mill,
bringing the Detour Lake mine to a production rate of one million
ounces per year. At Odyssey, step-out drilling continues to
significantly extend the East Gouldie deposit to the west and east.
At Hope Bay, drill results confirm the expansion of the
Madrid deposit at depth with wide
high grade intercepts, in line with our expectations for the
exploration upside of this project," said Guy Gosselin, Agnico Eagle's Executive
Vice-President, Exploration. "In addition, we continue to generate
significant exploration results elsewhere across our portfolio,
including Fosterville, Amaruq,
Macassa and Kittila. These positive results demonstrate the success
of our strategy, and we will continue the steady funding of our
exploration efforts in 2024 as we aim to grow the deposits at
existing operations and to realize the potential of the key
projects in the Company's pipeline," added Mr. Gosselin.
Highlights from 2023 include:
- Gold mineral reserves increase to record level –
Year-end 2023 gold mineral reserves increased by 10.5% to 53.8
million ounces of gold (1,287 million tonnes grading 1.30 grams per
tonne ("g/t") gold). The year-over-year increase in mineral
reserves is largely due to the declaration of initial mineral
reserves at East Gouldie, the acquisition of the remaining 50%
interest in the Canadian Malartic complex and mineral reserve
replacement at Macassa and Fosterville. At year-end 2023, measured and
indicated mineral resources were 44.0 million ounces (1,189 million
tonnes grading 1.15 g/t gold) and inferred mineral resources were
33.1 million ounces (411 million tonnes grading 2.50 g/t gold),
including initial underground inferred mineral resources at Detour
Lake
- Detour Lake – The Company's exploration success outside
of the mineral resource open pit continued, with results of up to
24.8 g/t gold over 7.4 metres at 420 metres depth approximately 860
metres west of the mineral resource open pit. An initial
underground inferred mineral resource was declared below and to the
west of the existing pit, totalling 1.56 million ounces of gold
(21.8 million tonnes grading 2.23 g/t gold). Exploration in 2024 is
expected to continue to test and extend the west plunge of the main
deposit. The Company expects to provide an update on the Detour
underground project and ongoing exploration results in the first
half of 2024
- Odyssey mine at the Canadian Malartic complex – Initial
mineral reserves of 5.17 million ounces of gold (47.0 million
tonnes grading 3.42 g/t gold) were declared in the central portion
of the East Gouldie deposit at year-end 2023. Successful
exploration over the past year has extended the limits of the East
Gouldie inferred mineral resource laterally to the west by 870
metres, with results of up to 6.2 g/t gold over 6.7 metres at 1,299
metres depth. Recent drilling continues to return good results
towards the east with results of up to 6.7 g/t gold over 13.5
metres at 1,467 metres depth and 140 metres to the east of the
current mineral resources outline. Inferred mineral resources at
the East Gouldie deposit were 3.3 million ounces of gold (45.2
million tonnes grading 2.29 g/t gold)
- Hope Bay – Exploration drilling in 2023 totalled more
than 125,000 metres, with work focused on the Madrid and Doris deposits. At the Madrid deposit, the target area in the gap
between the Suluk and Patch 7 zones delivered strong drill results
in the quarter, including 16.3 g/t gold over 28.6 metres at 385
metres depth and 12.7 g/t gold over 4.6 metres at 677 metres depth.
Results confirm the potential to expand gold mineralization in the
Madrid deposit at depth and along
strike to the south. Based on recent exploration success, the
Company is evaluating a larger potential production scenario for
Hope Bay. The Company expects to report results from this internal
technical evaluation in 2025
- Fosterville – Continued
exploration success in the Robbins Hill and Lower Phoenix areas and
improved mining parameters led to full replacement of 2023
production. Mineral reserves are stable year-over-year at 1.7
million ounces of gold (8.6 million tonnes grading 6.10 g/t gold).
The lower average grade of the mineral reserves compared to
year-end 2022 is the result of the depletion of the high grade Swan
Zone that has been replaced mostly by lower grade mineral reserves
from the Robbins Hill area
- Amaruq – Positive grade reconciliation led to
adjustments in the ore zone model and mineral reserve estimation
parameters, resulting in a new proven and probable mineral reserve
estimate of 1.8 million ounces of gold (15.4 million tonnes grading
3.72 g/t gold). Based on these results, the Company has approved an
extension to the IVR open pit, which is expected to contribute
approximately 70,000 ounces of gold to the 2026 production profile
and extend the mine life to 2028 (previous mine life was 2026).
Exploration also continued to return significant mineralization at
depth, with results up to 11.3 g/t gold over 6.4 metres at 979
metres depth
- Macassa – Continued exploration success in the Main
Break and the South Mine Complex ("SMC") zones contributed to
growth in proven and probable mineral reserves at Macassa to 2.0
million ounces gold (4.2 million tonnes grading 14.45 g/t gold),
and in the Amalgamated Kirkland ("AK") deposit to 160,000 ounces of
gold (742,000 tonnes grading 6.69 g/t gold), with drill results in
AK of up to 25.0 g/t gold over 5.0 metres at 365 metres depth
- Kittila – Exploration in 2023 identified an
underexplored, parallel mineralized structure named the East Zone
located in the Suuri area at shallow depth, approximately 140
metres east of the mine's producing Main Zone and outside current
mineral resources. Recent drilling in the East Zone returned an
intersection of 11.5 g/t gold over 7.8 metres at 204 metres
depth
- Exploration budget – The Company has budgeted
$259.0 million for expensed and
capitalized exploration and $77.7
million for studies and other expenses in 2024. The
Company's exploration focus remains on extending mine life at
existing operations, testing near-mine opportunities and advancing
key value driver projects. Priorities for 2024 include drilling the
deeper portions of the Detour Lake deposit, increasing exploration
at the Canadian Malartic camp to extend known deposits and identify
new mineralized zones to optimize utilization of the Canadian
Malartic processing facility in the future, and continuing large
exploration programs at other operating assets and Hope Bay
GOLD MINERAL RESERVES
At December 31, 2023, the
Company's proven and probable mineral reserve estimate totalled
53.8 million ounces of gold (1,287 million tonnes grading 1.30 g/t
gold). This represents a 10.5% (5.1 million ounce) increase in
contained ounces of gold compared to the proven and probable
mineral reserve estimate of 48.7 million ounces of gold (1,186
million tonnes grading 1.28 g/t gold) at year-end 2022 (see the
Company's news release dated February 16,
2023 for details regarding the Company's December 31, 2022 proven and probable mineral
reserve estimate).
The year-over-year increase in mineral reserves at December 31, 2023 is largely due to a substantial
new mineral reserve addition of 5.2 million ounces of gold at
the East Gouldie deposit at the Odyssey mine. The acquisition of
the remaining 50% interest in the Canadian Malartic complex as part
of the acquisition of Yamana Gold Inc.'s Canadian assets on
March 31, 2023 (the "Yamana
Transaction") also contributed to adding 1.5 million ounces of
gold in mineral reserves.
In Zacatecas State in central Mexico, the San Nicolás volcanogenic hosted
massive sulphide deposit is jointly owned by the Company and Teck
Resources Limited. As at December 31,
2023, the Company has reported 52.6 million tonnes of proven
and probable mineral reserves grading 0.40 g/t gold, 22.28 g/t
silver, 1.12% copper and 1.48% zinc, containing 0.7 million ounces
of gold, 37.7 million ounces of silver, 592,000 tonnes of copper
and 777,000 tonnes of zinc (each reported on a 50% basis) at San
Nicolás.
Mineral reserves were calculated using a gold price of
$1,400 per ounce for all operating
assets, except the Detour Lake open pit for which a gold price of
$1,300 per ounce was used, and using
variable assumptions for the pipeline projects. For detailed
mineral reserves and mineral resources ("MRMR") data, including the
economic parameters used to estimate the mineral reserves and
mineral resources and by-product silver, copper and zinc at several
mines and advanced projects, see "Detailed Mineral Reserve and
Mineral Resource Data (as at December 31,
2023)" and "Assumptions used for the December 31, 2023 mineral reserve and mineral
resource estimates reported by the Company" below.
The ore extracted from the Company's mines in 2023 contained
3.72 million ounces of gold in-situ (61.8 million tonnes
grading 1.88 g/t gold). This includes the Company's 50% share of
the production up to March 30, 2023
at the Canadian Malartic complex prior to the closing of the Yamana
Transaction.
The variance in the Company's proven and probable mineral
reserves from December 31, 2022 to
December 31, 2023 is set out in the
chart below.
The Company's gold mineral reserves as at December 31, 2023 are set out in the table below,
and are compared with the gold mineral reserves as at December 31, 2022. Data in this table and certain
other data in this news release have been rounded to the nearest
thousand and discrepancies in total amounts are due to
rounding.
|
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|
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|
|
|
|
Gold Mineral
Reserves
By Mine /
Project*
|
Proven &
Probable Gold Mineral
Reserve (000s oz.)
|
Average Mineral
Reserve Gold Grade
(g/t)
|
|
2023
|
2022
|
Change
|
2023
|
2022
|
Change
|
|
LaRonde mine
|
2,244
|
2,515
|
-271
|
6.4
|
6.36
|
0.04
|
|
LaRonde Zone
5
|
636
|
710
|
-74
|
2.2
|
2.12
|
0.08
|
|
LaRonde
complex
|
2,880
|
3,225
|
-345
|
4.51
|
4.42
|
0.09
|
|
Canadian Malartic
mine**
|
2,436
|
1,505
|
931
|
0.83
|
0.9
|
-0.07
|
|
Odyssey
deposits**
|
310
|
98
|
211
|
2.17
|
2.22
|
-0.05
|
|
East Gouldie
deposit**
|
5,173
|
0
|
5,173
|
3.42
|
|
|
|
Canadian Malartic
complex**
|
7,919
|
1,603
|
6,315
|
1.73
|
0.93
|
0.8
|
|
Goldex
|
901
|
962
|
-61
|
1.59
|
1.62
|
-0.03
|
|
Akasaba West
|
143
|
147
|
-4
|
0.89
|
0.84
|
0.05
|
|
Detour Lake (at or
above 0.5 g/t)
|
16,594
|
17,253
|
-659
|
0.93
|
0.93
|
0
|
|
Detour Lake (below 0.5
g/t)
|
3,335
|
3,431
|
-96
|
0.39
|
0.39
|
0
|
|
Detour Lake
total
|
19,928
|
20,683
|
-755
|
0.76
|
0.76
|
0
|
|
Macassa
|
1,954
|
1,797
|
157
|
14.45
|
17.2
|
-2.75
|
|
Macassa Near
Surface
|
23
|
16
|
7
|
5.93
|
5.31
|
0.62
|
|
AK deposit
|
160
|
100
|
60
|
6.69
|
5.2
|
1.49
|
|
Macassa
total
|
2,136
|
1,913
|
224
|
13.11
|
15.11
|
-2.00
|
|
Upper Beaver
|
1,395
|
1,395
|
—
|
5.43
|
5.43
|
0
|
|
Hammond Reef
|
3,323
|
3,323
|
—
|
0.84
|
0.84
|
0
|
|
Amaruq
|
1,837
|
2,164
|
-327
|
3.72
|
4.05
|
-0.33
|
|
Meadowbank
complex
|
1,837
|
2,164
|
-327
|
3.72
|
4.05
|
-0.33
|
|
Meliadine
|
3,467
|
3,766
|
-299
|
5.91
|
6.02
|
-0.11
|
|
Hope Bay
|
3,397
|
3,409
|
-12
|
6.52
|
6.5
|
0.02
|
|
Fosterville
|
1,682
|
1,677
|
4
|
6.1
|
7.95
|
-1.85
|
|
Kittila
|
3,584
|
3,683
|
-100
|
4.14
|
4.2
|
-0.06
|
|
Pinos Altos
|
546
|
665
|
-118
|
1.9
|
2.01
|
-0.11
|
|
San Nicolás
(50%)†
|
672
|
0
|
672
|
0.4
|
|
|
|
La India
|
0
|
81
|
-81
|
|
0.76
|
|
|
Total Mineral
Reserves
|
53,811
|
48,697
|
5,114
|
1.3
|
1.28
|
0.02
|
|
|
|
|
|
|
|
|
|
|
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* Ownership of mines
and projects is 100% unless otherwise indicated. Where Agnico
Eagle's interest is less than 100%, the stated mineral reserves
reflect the Company's interest.
|
** Agnico Eagle's
ownership of the Canadian Malartic complex increased to 100% on
December 31, 2023 from 50% on December 31, 2022 as a result of the
Yamana Transaction which closed on March 30, 2023.
|
† Agnico Eagle has agreed to
subscribe for a 50% interest in the San Nicolás project, which will
be contributed as study and development costs are incurred and,
accordingly, Agnico Eagle's share of the reported MRMR at the San
Nicolás project is reported at a 50% level.
|
The Company estimates that at a gold price 10% higher than the
assumed gold price (leaving other assumptions unchanged), there
would be an approximate 17% increase in the gold contained in
proven and probable mineral reserves. Conversely, the Company
estimates that at a gold price 10% lower than the assumed gold
price (leaving other assumptions unchanged), there would be an
approximate 11% decrease in the gold contained in proven and
probable mineral reserves.
GOLD MINERAL RESOURCES
At December 31, 2023, the
Company's measured and indicated mineral resource estimate totalled
44.0 million ounces of gold (1,189 million tonnes grading 1.15 g/t
gold). This represents a 0.6% (0.3 million ounce) decrease in
contained ounces of gold compared to the measured and indicated
mineral resource estimate at year-end 2022 (see the Company's news
release dated February 16, 2023 for
details regarding the Company's December 31,
2022 measured and indicated mineral resource estimate).
The year-over-year decrease in measured and indicated mineral
resources is primarily due to the upgrade of mineral resources at
East Gouldie to mineral reserves, largely offset by the successful
conversion of inferred mineral resources into measured and
indicated mineral resources and the acquisition of the remaining
50% interest in the Canadian Malartic complex and the Wasamac
project as a result of the Yamana Transaction.
At December 31, 2023, the
Company's inferred mineral resource estimate totalled 33.1 million
ounces of gold (411 million tonnes grading 2.50 g/t gold). This
represents a 26% (6.8 million ounce) increase in contained ounces
of gold compared to the inferred mineral resource estimate a year
earlier (see the Company's news release dated February 16, 2023 for details regarding the
Company's December 31, 2022 inferred
mineral resource estimate).
The year-over-year increase in inferred mineral resources is
primarily due to the acquisition of the remaining 50% interest in
the Canadian Malartic complex and the Wasamac project as part of
the Yamana Transaction as well as an initial underground inferred
mineral resource at Detour Lake.
The Company's gold mineral resources as at December 31, 2023 are set out in the table
below.
Operation /
Project*
|
Measured &
Indicated
|
Inferred
|
Gold Mineral
Resources
|
Gold Mineral
Resources
|
Contained
Gold
|
Gold
Grade
|
Contained
Gold
|
Gold
Grade
|
(000
oz.)
|
(g/t)
|
(000
oz.)
|
(g/t)
|
LaRonde mine
|
632
|
3.06
|
286
|
5.67
|
LaRonde Zone
5
|
774
|
2.27
|
1,134
|
3.38
|
LaRonde
complex
|
1,407
|
2.57
|
1,420
|
3.68
|
Canadian
Malartic
|
—
|
—
|
214
|
0.81
|
Odyssey
|
75
|
1.71
|
1,453
|
2.29
|
East
Malartic
|
731
|
2.04
|
4,480
|
2.12
|
East Gouldie
|
244
|
1.56
|
3,331
|
2.29
|
Canadian Malartic
complex
|
1,050
|
1.88
|
9,477
|
2.12
|
Goldex
|
1,646
|
1.64
|
871
|
1.68
|
Akasaba West
|
91
|
0.7
|
—
|
—
|
Wasamac
|
2,173
|
2.43
|
789
|
2.66
|
Detour Lake
|
17,955
|
0.77
|
2,717
|
1.05
|
Detour Lake Zone
58N
|
534
|
5.8
|
136
|
4.35
|
Detour Lake
total
|
18,489
|
0.79
|
2,853
|
1.09
|
Macassa
|
598
|
8.58
|
1,094
|
9.21
|
Macassa Near
Surface
|
13
|
6.14
|
28
|
6.62
|
AK deposit
|
37
|
6.95
|
52
|
5.69
|
Macassa
total
|
647
|
8.4
|
1,173
|
8.89
|
Anoki-McBean
|
349
|
2.77
|
107
|
3.84
|
Upper Beaver
|
403
|
3.45
|
1,416
|
5.07
|
Upper Canada
|
722
|
2.15
|
1,863
|
3.11
|
Hammond Reef
|
2,298
|
0.54
|
—
|
—
|
Aquarius
|
1,106
|
1.49
|
14
|
0.87
|
Holt complex
|
1,699
|
4.52
|
1,310
|
4.48
|
Amaruq
|
1,600
|
3.74
|
623
|
4.65
|
Meliadine
|
1,629
|
4
|
2,222
|
6.22
|
Hope Bay
|
1,255
|
3.64
|
2,108
|
5.41
|
Fosterville
|
1,512
|
4.05
|
1,461
|
4.54
|
Northern
Territory
|
1,668
|
2.38
|
1,376
|
2.4
|
Kittila
|
1,687
|
2.93
|
1.067
|
5.06
|
Barsele
(55%)
|
176
|
1.27
|
1,005
|
1.98
|
Pinos Altos
|
685
|
1.83
|
104
|
1.73
|
La India
|
88
|
0.52
|
1
|
0.4
|
Tarachi
|
361
|
0.58
|
4
|
0.52
|
Chipriona
|
326
|
0.92
|
21
|
0.66
|
El Barqueño
Gold
|
331
|
1.16
|
351
|
1.13
|
San Nicolás
(50%)†
|
20
|
0.19
|
10
|
0.13
|
Santa
Gertrudis
|
563
|
0.91
|
1,433
|
2.36
|
Total Mineral
Resources
|
43,981
|
1.15
|
33,080
|
2.5
|
* Ownership of mines
and projects is 100% unless otherwise indicated. Where Agnico
Eagle's interest is less than 100%, the stated mineral resources
reflect the Company's interest.
|
† Agnico Eagle has agreed to
subscribe for a 50% interest in the San Nicolás project, which will
be contributed as study and development costs are incurred and,
accordingly, Agnico Eagle's share of the reported MRMR at the San
Nicolás project is reported at a 50% level
|
The economic parameters used to estimate mineral reserves and
mineral resources for all properties are set out below.
Assumptions used for the December 31,
2023 mineral reserve and mineral resource estimates reported
by the Company
Metal Price for
Mineral Reserve Estimation*
|
Gold
(US$/oz)
|
Silver
(US$/oz)
|
Copper
(US$/lb)
|
Zinc
(US$/lb)
|
$1,400
|
$18
|
$3.50
|
$1.00
|
* Exceptions: US$1,300 per ounce of gold
used for Detour Lake; US$1,350 per ounce of gold used for Hope Bay
and Hammond Reef; US$1,200 per ounce of gold and US$2.75 per pound
of copper used for Upper Beaver; and US$1,300 per ounce of gold,
US$20.00 per ounce of silver, US$3.00 per pound of copper and
US$1.10 per pound of zinc used for San Nicolás.
|
Metal Price for
Mineral Resource Estimation*
|
Gold
(US$/oz)
|
Silver
(US$/oz)
|
Copper
(US$/lb)
|
Zinc
(US$/lb)
|
$1,650
|
$22.50
|
$3.75
|
$1.25
|
* Exceptions: US$1,500
per ounce of gold used for Detour Lake open pit, Northern Territory
and Holt complex; US$1,300 per ounce of gold used for Detour Lake
Zone 58N; US$1,400 per ounce of gold used for Canadian Malartic,
US$1,688 per ounce of gold used for Hope Bay, Santa Gertrudis and
Hammond Reef; US$1,667 per ounce of gold used for Upper Canada, El
Barqueño; US$1,200 per ounce of gold and US$2.75 per pound of
copper used for Upper Beaver; US$1,533 per ounce of gold used for
Barsele; US$500 per ounce of gold used for Aquarius, US$22.67 per
ounce of silver used for El Barqueño; US$1,687 per ounce of gold
used for Anoki-McBean and Tarachi; US$25.00 per ounce of silver
used for Santa Gertrudis; and US$1,300 per ounce of gold, US$20.00
per ounce of silver, US$3.00 per pound of copper and US$1.10 per
pound of zinc used for San Nicolás.
|
Exchange
rates*
|
C$ per
US$1.00
|
Mexican peso per
US$1.00
|
AUD per
US$1.00
|
US$ per
€1.00
|
$1.30
|
MXP18.00
|
AUD1.36
|
EUR1.10
|
* Exceptions: exchange rate of CAD$1.25
per US$1.00 used for Upper Beaver, Upper Canada, Holt complex and
Detour Lake Zone 58N; CAD$1.11 per US$1.00 used for Aquarius;
US$1.00 per EUR $1.15 used for Barsele; and MXP17.00 per US$1.00
used for Tarachi.
|
The above metal price assumptions are below the three-year
historic average (from January 1,
2021 to December 31, 2023) of
approximately $1,853 per ounce of
gold, $23.50 per ounce of silver,
$4.03 per pound of copper and
$1.38 per pound of zinc.
2024 EXPLORATION BUDGET
The Company has budgeted $336.7
million for exploration expenditures and project expenses in
2024, comprised of $151.1 million for
expensed exploration, $107.9 million
for capitalized exploration and $77.7
million for project studies, technical services and other
corporate expenses.
The Company's exploration focus remains on extending mine life
at existing operations, testing near-mine opportunities and
advancing key value driver projects. Exploration priorities for
2024 include drilling the western and deep extension of the Detour
Lake deposit to assist in the optimization of the open pit
operations and to further advance a potential underground mining
scenario, growing the underground mineral reserve and mineral
resource at the Odyssey mine and continuing large exploration
programs at other operating assets and Hope Bay.
The Company's exploration and corporate development budget for
2024 is set out below. The exploration plans and more detailed
budgets for individual mines and projects are set out further
below, organized by region.
2024 Exploration Program and Corporate Development Budget
|
Expensed
Exploration
|
Capitalized
Exploration
|
|
|
|
Sustaining
|
Non-Sustaining
|
|
|
(000s
$)
|
(000s
m)
|
(000s
$)
|
(000s
$)
|
(000s
m)
|
Quebec
|
|
|
|
|
|
LaRonde
complex
|
$
8,100
|
35.4
|
$
2,300
|
$
—
|
14.8
|
Canadian Malartic
complex
|
13,300
|
70.6
|
—
|
7,100
|
66.4
|
Goldex
|
2,200
|
18.4
|
2,900
|
—
|
22.0
|
Quebec
regional
|
7,100
|
39.7
|
—
|
—
|
—
|
|
|
|
|
|
|
Ontario
|
|
|
|
|
|
Detour Lake
|
7,400
|
40.0
|
—
|
20,300
|
120.0
|
Macassa
|
—
|
—
|
2,000
|
32,900
|
161.9
|
Ontario regional and
projects
|
13,500
|
19.4
|
—
|
1,600
|
—
|
|
|
|
|
|
|
Nunavut
|
|
|
|
|
|
Meliadine
|
—
|
—
|
5,400
|
13,200
|
77.7
|
Meadowbank
complex
|
1,900
|
6.8
|
—
|
—
|
—
|
Hope Bay
|
22,000
|
50.0
|
—
|
—
|
—
|
Nunavut
regional
|
12,700
|
22.0
|
—
|
—
|
—
|
|
|
|
|
|
|
Australia
|
|
|
|
|
|
Fosterville
|
11,700
|
36.5
|
—
|
10,900
|
38.7
|
Northern
Territory
|
4,600
|
10.8
|
—
|
—
|
—
|
|
|
|
|
|
|
Europe
|
|
|
|
|
|
Kittila
|
4,700
|
18.5
|
1,800
|
5,300
|
51.5
|
Europe
regional
|
7,100
|
12.6
|
—
|
—
|
—
|
|
|
|
|
|
|
Mexico
|
|
|
|
|
|
Pinos Altos
|
2,500
|
10.0
|
1,800
|
400
|
10.7
|
Mexico
regional
|
13,400
|
6.0
|
—
|
—
|
—
|
|
|
|
|
|
|
USA
|
7,000
|
5.4
|
—
|
—
|
—
|
Joint Ventures &
Other
|
5,600
|
8.4
|
—
|
—
|
—
|
G&A
|
6,100
|
—
|
—
|
—
|
—
|
Total
Exploration
|
$
151,100
|
410.5
|
$
16,200
|
$
91,700
|
563.7
|
Hope Bay - Other
Expenditures
|
12,200
|
|
|
|
|
Other Project
Studies
|
20,900
|
|
—
|
—
|
|
Total Corporate
Development and Technical Services
|
44,600
|
|
—
|
—
|
|
Total Exploration
and Project Expenses
|
$
228,800
|
|
$
16,200
|
$
91,700
|
|
ABITIBI REGION – QUEBEC
CANADIAN MALARTIC
COMPLEX
MRMR Highlights
The strong growth in mineral reserves at the Odyssey mine at
year-end 2023 is largely due to successful conversion drilling in
the East Gouldie deposit, the completion of an internal study and
infill drilling which increased the proven and probable mineral
reserves by 5.2 million ounces of gold (47 million tonnes grading
3.42 g/t gold) as at December 31,
2023. An additional 150,000 ounces of gold in the mineral
reserves are attributed to the Odyssey South deposit and the
Odyssey internal zones as the understanding of these two
mineralized areas continues to improve with ongoing drilling and
mine development.
The Canadian Malartic open pit mine saw an increase of
approximately 122,000 ounces of gold in proven and probable mineral
reserves (reflecting the Company's 100% interest). The increase is
due to the completion of the Yamana Transaction combined with a
review of the model using the positive reconciliation performance,
that was offset by 695,400 ounces of gold mined in situ
(100% interest) in the Barnat pit and the now-depleted Canadian
Malartic pit.
The acquisition of the remaining 50% interest in the Canadian
Malartic complex as a result of the Yamana Transaction also
contributed to adding 1.5 million ounces of gold in mineral
reserves, 3.1 million ounce of gold in measured and indicated
mineral resources and 4.7 million ounces of gold in inferred
mineral resources at the Canadian Malartic complex.
At East Gouldie, new inferred mineral resources of 1.7 million
ounces of gold were added through exploration drilling, offset by 1
million ounces of gold converted to measured and indicated mineral
resources and the alignment of gold prices with the Company's
assumptions. At year-end 2023, inferred mineral resources at East
Gouldie totalled 3.3 million ounces of gold (45.2 million tonnes
grading 2.29 g/t gold).
2023 Exploration Highlights
At the Odyssey mine in 2023, exploration drilling totalled
131,565 metres, which exceeded the budget of 101,500 metres after
the program was augmented mid-year by a supplemental budget for
25,000 metres of additional drilling.
Exploration drilling at the Odyssey mine in 2023 continued to
focus on three objectives: infill drilling of the Odyssey South
deposit and the adjacent Odyssey internal zones; investigating
lateral extensions to the west and to the east along the favourable
East Gouldie mineralized corridor to grow the inferred mineral
resources at East Gouldie; and adding holes in the planned upper
mining levels in the East Gouldie deposit to further de-risk the
project.
Selected recent drill intercepts from the Odyssey mine are set
out in the composite longitudinal section below and in a table in
the Appendix.
[Odyssey mine – Composite Longitudinal Section]
[Odyssey mine – Composite Cross Section and Composite
Longitudinal Section of Odyssey Deposits]
Recent drilling highlights from Odyssey South and the internal
zones include: 4.2 g/t gold over 6.8 metres at 383 metres depth in
hole MEV23-293 in the shallow, western portion of Odyssey South;
6.8 g/t gold over 12.6 metres (core length) at 478 metres depth in
hole UGOD-016-176 in the Odyssey internal zones; and 3.0 g/t gold
over 14.3 metres (core length) at 374 metres depth in hole
UGOD-016-199.
The continued positive results from the Odyssey internal zones
show the potential with further drilling to add mineral resources
at shallow depth near existing underground mine infrastructure.
Hole MEX22-251RWZ intersected 2.2 g/t gold over 50 metres at
1,659 metres depth, demonstrating the thickness of mineralization
encountered in the lower portion of the East Gouldie mineral
reserves.
In the program to extend the East Gouldie deposit laterally,
drilling highlights include 5.0 g/t gold over 15.9 metres at 1,355
metres depth in hole MEX23-304 and 6.2 g/t gold over 6.7 metres at
1,299 metres depth in hole MEX23-304Z, with the intersections
located approximately 300 metres and 200 metres laterally to the
west, respectively, of the western limit of the current inferred
mineral resources at East Gouldie. Drilling in the eastern portion
of the East Gouldie corridor intersected 6.7 g/t gold over 13.5
metres at 1,467 metres depth in hole MEX23-305Z, approximately 140
metres east of the inferred mineral resources at East Gouldie. The
holes demonstrate the potential to add inferred mineral resources
laterally at East Gouldie with further drilling into these
extensions of mineralization.
2024 Exploration Plan and Budget
The Company expects to spend approximately $20.4 million for 137,000 metres of drilling at
the Canadian Malartic complex in 2024. Exploration at the Odyssey
mine includes $12.9 million for
102,500 metres of drilling with five objectives: continued
conversion drilling of East Gouldie inferred mineral resources to
indicated mineral resources; testing the immediate extensions of
East Gouldie; continued conversion drilling of the Odyssey South
deposit inferred mineral resources to indicated mineral resources;
further investigating the Odyssey internal zones; and converting
inferred mineral resources to indicated mineral resources in the
Odyssey North deposit.
The remaining $7.5 million is
planned to be spent on 34,500 metres of exploration drilling
into prospective gold targets along the Barnat and East
Gouldie mineralized corridors on the Canadian Malartic, Rand
Malartic and Midway properties. The composite longitudinal section
below shows the mineral exploration potential at the Company's
properties in the Malartic camp, from East Amphi to the historic
Malartic Goldfields mine.
Following the consolidation of 100% interests in properties
along this prospective 16 kilometre portion of the
Cadillac-Larder Lake deformation
zone, the Company envisions increasing its exploration efforts
along the belt from surface and eventually from underground to test
the full potential of this area. The strategy is similar to the one
that the Company has employed successfully around the LaRonde mine
since the 1980s.
[Malartic Camp –
Composite Longitudinal Section Showing Mineral Exploration
Potential from East Amphi to to Malartic Goldfields]
WASAMAC
The Wasamac gold project was acquired on March 31, 2023, as
part of the Yamana Transaction. The Wasamac deposit is
characterized by shear hosted disseminated pyrite mineralization
within an albite-sericite-carbonate alteration zone that ranges in
thickness from a few metres up to 30 metres within the 50 to 55
degree, north-dipping Wasa
Shear.
MRMR Highlights
The measured and indicated mineral resource estimate at year-end
2023 for the Wasamac project totalled 2.2 million ounces of gold
(27.8 million tonnes grading 2.43 g/t) and inferred mineral
resources were 0.8 million ounces of gold (9.2 million tonnes
grading 2.66 g/t).
This is the first estimate of mineral resources at Wasamac
published by Agnico Eagle. The Company continues to assess various
scenarios regarding optimal mining rates and milling strategies for
possible mine construction at the project. While these evaluations
continue, the Company has decided to not include the historical
mineral reserve estimate at Wasamac into the Company's mineral
reserve estimate. Rather, the Company has classified the Wasamac
project entirely as mineral resources.
2023 Exploration Highlights
At the Wasamac project in 2023, exploration drilling of 16,600
metres was completed by Agnico Eagle after the closing of the
Yamana Transaction. The full-year program, including drilling by
the previous owner, was comprised of infill and conversion drilling
of the main Wasamac deposit (19,000 metres for 27 holes) and
exploration drilling at the Francoeur area (6,400 metres for 15
holes) and the Wildcat area (5,800 metres for 13 holes), for a
total of 31,200 metres in 55 holes drilled during the full
year.
Selected recent drill intercepts from the Wasamac project are
set out in the composite longitudinal section below and in a table
in the Appendix.
[Wasamac Project – Plan Map and Composite Longitudinal
Section of Wasamac deposit]
Recent highlights from the exploration program at the Wasamac
deposit include 4.9 g/t gold over 13.4 metres (core length) at 590
metres depth in hole WS23-666; 2.8 g/t gold over 18.8 metres at 565
metres depth in hole WS23-663 in the Main Zone; and 4.4 g/t gold
over 3.9 metres at 484 metres depth in hole WS23-634 in zones 3 and
4.
At Francoeur, hole FS23-129 targeted the eastern extension of
the Francoeur shear related to the Horne-Creek fault and returned
4.5 g/t gold over 5.3 metres (core length) at 324 metres depth.
At Wildcat, highlight hole WS23-661 returned 3.6 g/t gold over
20.6 metres (core length) at 44 metres depth and 5.6 g/t gold over
4.1 metres (core length) at 123 metres depth; and hole WS23-653
returned 3.4 g/t gold over 5.4 metres (core length) at 267 metres
depth.
2024 Exploration Plan and Budget
The Company expects to spend approximately $2.8 million for 16,700 metres of drilling at the
Wasamac project in 2024 as part of a larger Quebec regional exploration budget totalling
$7.1 million for 39,700 metres. The
program at Wasamac will focus on exploring the eastern extension of
the Wasamac deposit in the Wasa shear zone. At Francoeur, drilling
will focus on the Francoeur shear to explore for broader zones of
mineralization similar to the Wasamac deposit. At Wildcat, the
interpreted lateral extensions of the mineralization will be tested
to confirm and improve the geological interpretation.
As part of the Company's Abitibi platform optimization program,
the Company continues to assess various scenarios regarding the
mining rates and milling strategies for the project.
LARONDE COMPLEX
2023 Exploration Highlights
At the LaRonde Zone 5 ("LZ5") and LaRonde mines at the LaRonde
complex in 2023, exploration drilling totalled
41,300 metres, with eight drill rigs operating underground and
two operating from surface.
Selected recent drill intercepts from the LaRonde complex are
set out in the composite longitudinal section below and in a table
in the Appendix.
[LaRonde Complex – Composite Longitudinal Section]
Exploration drilling in the western depth extension of the LZ5
deposit on the Ellison property returned highlights of 1.8 g/t gold
over 24.8 metres at 686 metres depth in hole BZ-2023-007; 3.0 g/t
gold over 26.4 metres at 627 metres depth in hole BZ-2023-007A; and
2.1 g/t gold over 16.8 metres at 857 metres depth in hole
BZ-2023-026. These results demonstrate the continuity of
mineralization at depth and to the west of the current mineral
reserves and mine workings at the LZ5 mine.
Further progress was made in 2023 in rehabilitating Level 9 and
extending the exploration drift at Level 215 to provide additional
drill platforms to test the vertical extensions of known zones on
the Bousquet property and below the LZ5 deposit.
2024 Exploration Plan and Budget
The Company expects to spend approximately $10.4 million for 50,200 metres of drilling at
the LaRonde complex in 2024, including $2.3
million for 14,800 metres of capitalized drilling and
$8.1 million for exploration drift
development and 35,400 metres of exploration drilling into targets,
including Zone 20N East and West mines, Zone 3-1, Zone 3-4, Zone 4
and Zone 5, with the aim of adding new mineral reserves and mineral
resources to extend expected mine life further into the 2030s.
The planned work program above includes $2.7 million budgeted for further extension of
the exploration drift on Level 215 by 450 metres to the west.
GOLDEX
MRMR Highlights
At the Goldex mine, positive results from drilling in the Deep
2, South zones and western part of the Main Zone during 2023 have
added 99,000 ounces of gold in mineral reserves, replacing in part
the mining of 161,000 ounces of in-situ gold for 2023.
2023 Exploration Highlights
At the Goldex mine in 2023, exploration drilling targeted mainly
the W Zone, which is the extension of the Goldex diorite host rock
and is located approximately 200 metres west of the main deposit at
relatively shallow depths compared to the current mine workings. A
total of 13,408 metres were drilled into the W Zone in 2023 with
highlights including: 1.2 g/t gold over 35.0 metres at 476 metres
depth in hole GD27-053; 1.5 g/t gold over 45.0 metres at 591 metres
depth in hole GD27-056; and 1.1 g/t gold over 42.0 metres at 607
metres depth in hole GD27-063.
Exploration at the W Zone could lead to the addition of mineral
resources in the near future should exploration drilling continue
to be successful.
2024 Exploration Plan and Budget
The Company expects to spend approximately $5.1 million for
40,400 metres of drilling at Goldex in 2024, including $2.9 million on capitalized drilling mainly
focused on the conversion and extension of Sector 3 in the South
Zone. The remaining $2.2 million is
budgeted for 18,400 metres of exploration drilling, including
15,400 metres to test and extend the W Zone mineralization to the
west and at depth; 2,000 metres drilled at the nearby Mine École
target; and 1,000 metres drilled to the west of the G Zone.
ABITIBI REGION – ONTARIO
DETOUR LAKE
MRMR Highlights
An initial underground inferred mineral resource was declared
below and to the west of the existing pit, totalling 1.56 million
ounces of gold (21.8 million tonnes grading 2.23 g/t gold). The
Company believes that these inferred mineral resources represent
only a portion of the mineralized potential located below the
mineral resources pit shell.
2023 Exploration Highlights
At the Detour Lake mine in 2023, exploration drilling
totalled 213,000 metres in 306 holes for the full year. The program
successfully defined continuity of mineralization below and west of
the mineral resources pit, resulting in the initial underground
inferred mineral resource estimate described above.
Selected recent drill intercepts from the Detour Lake mine are
set out in the plan map and composite longitudinal section below
and in a table in the Appendix.
[Detour Lake – Plan Map and Composite Longitudinal
Section]
The results below and west of the mineral reserves pit include
the following highlights: 11.4 g/t gold over 5.6 metres at 319
metres depth in hole DLM23-730W; 2.7 g/t gold over 47.2 metres at
233 metres depth, including 6.5 g/t gold over 13.3 metres at 220
metres depth, hole DLM23-757; and 5.5 g/t gold over 16.6 metres at
307 metres depth in hole DLM23-775.
The drilling program also demonstrated the continuity of the
mineralization outside of the mineral resource footprint over a 2.5
kilometre strike length in the western plunge of the known orebody.
Highlight intercepts include: 18.3 g/t gold over 12.6 metres at 545
metres depth in hole DLM23-733A; 7.8 g/t gold over 2.7 metres at
1,030 metres depth in hole DLM23-747; 6.0 g/t gold over 22.4 metres
at 236 metres depth in hole DLM23-735; 24.8 g/t gold over 7.4
metres at 420 metres depth in hole DLM23-767; and 19.3 g/t gold
over 2.7 metres at 845 metres depth in hole DLM23-773.
Exploration Plan and Budget for 2024
The Company expects to spend approximately $27.7 million for 160,000 metres of drilling at
Detour Lake in 2024, including $20.3
million for 120,000 metres of capitalized drilling into
the western plunge of the main deposit to increase confidence in
the mineralization's continuity, both in the inferred mineral
resources for conversion purposes and to continue
extending the mineralized trend to the west. An
exploration ramp is also being considered to increase confidence in
the continuity of the inferred mineral resource and to potentially
collect a bulk sample.
In addition, the Company expects to spend approximately
$7.4 million for 40,000 metres
of regional drilling in 2024, to explore satellite targets on the
Company's large 107,400 hectare land position around the Detour
Lake and adjacent Detour East properties that could potentially
provide mill feed to the Detour Lake operation.
The Company continues to evaluate the potential for underground
mining. The Company expects to provide an update the Detour
underground project and ongoing exploration results in the first
half of 2024.
MACASSA
MRMR Highlights
The Macassa mine achieved a 171% replacement of its mining
depletion in 2023, with an underground infill drilling campaign
that resulted in a net mineral reserves addition totalling 115,000
ounces of gold. The addition is mainly due to the expansion of
mineral reserves in the deep eastern portion of the mine and an
optimized mine plan resulting from improved mine infrastructure
with the completion of #4 Shaft and new ventilation facilities.
The realized synergies between Macassa and the nearby AK and
Near Surface ("NSUR") deposits continued to benefit the Macassa
mine, with the addition of 67,000 ounces of gold in mineral
reserves at the AK and NSUR deposits, net of production. Total
mineral reserves at AK now stand at 160,000 ounces of gold (741,500
tonnes grading 6.69 g/t gold) at year-end 2023 and production is
expected to start in 2024, demonstrating the achievement of
operational synergies from the Merger.
2023 Exploration Highlights
At the Macassa mine in 2023, exploration drilling
totalled metres, including 86,221 metres in the SMC and Main Break
zones and 26,946 metres in the NSUR and AK deposits.
Selected recent drill intercepts from the Macassa mine are set
out in the composite longitudinal section below and in a table in
the Appendix.
[Macassa – Isometric View and Composite Longitudinal
Section]
Drilling intersected significant results east of the current
mineral resource, further supporting a lateral extension to SMC
East, with highlight hole 53-4782 returning 43.0 g/t gold over 1.9
metres at 1,664 metres depth and hole 53-4813A returned 40.4 g/t
gold over 1.9 metres at 1,698 metres depth.
In the Lower/West SMC, the drill program was successful in
identifying multiple mineralized zones and visible gold, which
suggests potential for lateral extensions and localized hanging
wall splays. Recent significant results from the program include:
78.9 g/t gold over 1.9 metres at 1,827 metres depth in hole
57-1394; 67.6 g/t over 1.9 metres at 1,846 metres depth in hole
57-1442; and 69.6 g/t gold over 1.5 metres at 1,879 metres depth
and 110.4 g/t gold over 1.5 metres at 1,884 metres depth in hole
57-1445.
In the Main Break, results to the east and up-trend of known
mineral resources support the extension of mineral resources and
confirm the potential for further mineralization to the east.
Highlights include: 16.7 g/t gold over 1.3 metres at 2,122 metres
depth in hole 58-892; 25.1 g/t gold over 1.3 metres at 2,086 metres
depth in hole 58-894; and 39.6 g/t gold over 3.2 metres at 2,000
metres depth and 50.1 g/t gold over 3.3 metres at 2,007 metres
depth in hole 58-920.
In the AK and NSUR deposits, drilling also expanded the mineral
reserve base by 60% and confirmed the geological interpretation of
AK, while providing further opportunities for mineral resource
growth at AK where underground development and mining will start in
2024. Highlights from drilling at AK include: 21.8 g/t gold over
4.4 metres at 319 metres depth in hole KLAK-242; 25.0 g/t gold over
5.0 metres at 365 metres depth in hole KLAK-245; and 12.2 g/t gold
over 4.3 metres at 318 metres depth in hole KLAK-261.
2024 Exploration Plan and Budget
The Company expects to spend approximately $19.2 million for 161,900 metres of capitalized
drilling at Macassa in 2024, aiming to increase and upgrade mineral
resources. The exploration program will continue to build the
mineral resource base to the east in the SMC East and Main Break,
and to the west in the Lower/West SMC. Drilling in the AK and
NSUR deposits will target mineral resource expansion. In
addition, $14.1 million is budgeted
for capitalized exploration to further develop exploration drifts
that will allow drilling to the east of current mine infrastructure
along strike and at depth of the SMC and Main Break towards the
historic Lake Shore mine.
As a part of an Ontario
regional exploration budget totalling $13.5
million for 19,400 metres, a surface exploration campaign
will include drill holes to test the deep extensions of the Main
Break east of the underground infrastructure of the SMC and below
all historical mining levels of the Kirkland Lake camp to provide support for
future underground exploration drifts.
NUNAVUT
MELIADINE
2023 Exploration Highlights
At the Meliadine mine in 2023, exploration drilling
totalled 91,579 metres, with work focused on three areas: deep
exploration and conversion drilling at the Pump deposit; infill
drilling of inferred mineral resources at depth in the Wesmeg and
Tiriganiaq deposits; and exploration drilling at the F-Zone
deposit. The ongoing development of an exploration drift is
providing improved access for new underground drilling platforms to
investigate the lateral and depth extensions of the main Tiriganiaq
deposit.
Selected recent drill intercepts from the Tiriganiaq deposit at
the Meliadine property are set out in the plan map and composite
longitudinal section below and in a table in the Appendix.
[Meliadine Mine – Plan Map & Composite
Longitudinal Section]
The positive results from exploration drilling at shallow depth
into the Pump North Zone include: hole M23-3596 intersecting 10.8
g/t gold over 4.9 metres at 210 metres depth and 4.5 g/t gold over
6.7 metres, at 220 metres depth including 8.3 g/t gold over 3.3
metres at 220 metres depth; hole M23-3577A, drilled on the same
section, which returned 16.1 g/t gold over 3.6 metres at 361 metres
depth and 10.8 g/t gold over 4.3 metres at 383 metres depth; hole
M23-3595, drilled 115 metres to the west of hole M23-3577A, which
intersected 10.7 g/t gold over 3.9 metres at 305 metres depth; and
hole M23-3580, drilled 25 metres west of hole M23-3595, which
returned 5.0 g/t gold over 5.8 metres at 437 metres depth and 4.7
g/t gold over 5.1 metres at 455 metres depth, indicating that the
mineralized folded iron formation is still open at depth.
At Tiriganiaq, drilling is converting sectors to the west and
exploring outside of the mineral resource limits in the east, and
returned results such as hole M23-3760 intersecting 6.0 g/t gold
over 3.0 metres at 299 metres depth. This interval is
approximatively 200 metres deeper and 100 metres east of the
current inferred mineral resource and mineral reserve limits,
demonstrating their continuity at depth toward one of the major
known Tiriganiaq ore shoots.
At Wesmeg North, recent highlights include hole ML300-10340-D4,
which intersected 6.1 g/t gold over 11.7 metres at 467 metres
depth, as well as hole ML300-10340-D1, which intersected 7.5 g/t
gold over 7.9 metres at 519 metres depth. These intervals are
located down plunge of one of the deposit's high-grade ore shoots
and demonstrate its continuity. Additionally, hole ML300-10340-D6
returned 11.1 g/t gold over 5.3 metres at 303 metres depth,
demonstrating the potential to develop a new ore shoot outside of
the mineral resource.
At Wesmeg, hole M23-3659 intersected 9.4 g/t gold over 3.7
metres at 351 metres depth, and on the same section, hole
ML400-10200-F1 intersected 15.4 g/t gold over 3.7 metres at 396
metres depth and 12.6 g/t gold over 3.3 metres depth at 402 metres
depth. Approximately 100 metres further east, hole ML300-10340-D2
intersected 11.4 g/t over 3.9 metres at 494 metres depth.
2024 Exploration Plan and Budget
The Company expects to spend approximately $18.6 million for 77,700 metres of capitalized
drilling at Meliadine in 2024, including $2.6 million for further extension of the
exploration drift. The drilling will principally focus on expanding
and converting existing mineral resources in the Tiriganiaq, Wesmeg
and Pump deposits. As the development of the exploration drift
continues at Tiriganiaq, it will provide new access further into
the eastern and western extensions of the mineral resource at depth
starting in the first quarter of 2024.
AMARUQ AT MEADOWBANK
MRMR Highlights
The Amaruq mine at the Meadowbank complex saw continued positive
reconciliation performance during 2023 and, as a result, the
estimation parameters and mining assumptions were adjusted which
resulted in an increase of 150,000 ounces of gold in mineral
reserves that were offset by production depletion.
2023 Exploration Highlights
At Amaruq in 2023, exploration drilling totalled 29,133 metres,
including conversion drilling. The main objectives of this
exploration program were: to infill Whale Tail underground mineral
resources; to confirm IVR open pit mineral resources for an
eventual pit pushback; and to extend underground mineral resources
at depth in the Whale Tail and IVR deposits.
Selected recent drill intercepts from Amaruq are set out in the
composite longitudinal section below and in a table in the
Appendix.
[Amaruq – Composite Longitudinal Section]
Exploration drilling in proximity to the underground mineral
resources of the Whale Tail deposit intersected significant
mineralization from Zone QZ03 and Zone IC with the following
highlights: 3.8 g/t gold over 6.8 metres at 503 metres depth in
hole AMQ23-3034; 4.9 g/t gold over 6.7 metres at 595 metres depth
in hole AMQ23-3043B; and 7.4 g/t gold
over 2.4 metres at 554 metres depth in hole AMQ23-3046.
The drilling at depth at the IVR deposit intercepted significant
mineralized zones including the following highlights: 5.1 g/t gold
over 17.4 metres at 901 metres depth hole AMQ23-3062; and hole
AMQ23-3064A intercepting three intersections from a folded zone,
including 6.3 g/t gold over 5.2 metres at 967 metres depth, 11.3
g/t gold over 6.4 metres at 979 metres depth and 4.4 g/t gold over
9.2 metres at 1,013 metres depth. These results demonstrate that
the IVR deposit remains open at depth and further demonstrate the
potential to grow underground mineral resources at Amaruq.
2024 Exploration Plan and Budget
The Company expects to spend approximately $1.9 million for 6,800 metres of expensed
exploration drilling at Amaruq in 2024, focused on testing for
potential extensions to the open pits and, based on recent
exploration success, testing the depth extensions of Whale Tail and
IVR high grade gold mineralization. The aim of these programs
is to further extend the life of the Amaruq mine.
HOPE BAY
MRMR Highlights
Exploration drilling at Hope Bay added 336,000 ounces of
inferred mineral resources at year-end 2023, mostly from the Patch
7 zone, which was partially offset by a reduction of 177,000 ounces
of gold in inferred mineral resources due to project-wide
conversion to indicated mineral resources and improvement of mining
parameters.
2023 Exploration Highlights
At the Hope Bay project in 2023, exploration drilling totalled
125,150 metres in 224 holes, focused on the Madrid and Doris gold deposits, as well as
regionally in the Hope Bay gold belt. The program had up to nine
drill rigs in operation and was divided between Doris (55,119
metres in 121 holes), Madrid
(59,795 metres in 79 holes) and regional exploration (10,236 metres
in 24 holes).
Based on the positive results at Madrid and Doris in the first half of 2023,
the Company approved a supplemental exploration budget at Hope Bay
of $14.5 million for an
additional 58,000 metres of drilling during the second half of
2023.
Exploration at Madrid during
the second half of 2023 remained focused on drilling wide step-out
holes spaced approximately 200 metres apart into the underexplored,
2-kilometre strike extension gap between the Suluk and Patch 7
zones at depths between 300 and 700 metres, as well as to the south
of the Patch 7 zone.
Recent results have extended this area of mineralization to a
minimum of 2,200 metres in lateral distance and 500 metres in
vertical distance, and demonstrated that gold mineralization
extends approximately 200 metres south of the Patch 7 deposit.
Selected recent drill intercepts from the Madrid-area deposits are set out in the
composite longitudinal section below and in a table in the
Appendix.
[Madrid Deposit at Hope Bay – Composite Longitudinal
Section]
Hole HBM23-143 returned 16.3 g/t gold over 28.6 metres at 385
metres depth in Patch 7 and represents one the best holes drilled
to date in the Madrid mineralized
corridor. The intercept is 100 metres up-dip of previously reported
hole HBM23-086 (13.7 g/t gold over 4.6 metres at 697 metres depth,
see the Company's news release dated July 26, 2023) and more
than 200 metres from other drill holes above and laterally,
highlighting the opportunity to significantly expand this
mineralized area.
In the northern extension of the gap target, hole HBM23-140
returned 12.7 g/t gold over 4.6 metres at 677 metres depth in the
Suluk zone. This intercept is located 580 metres north of
previously reported hole HBM23-105 (10 g/t gold over 14.0 metres at
677 metres depth, see the Company's news release dated July
26, 2023) and 1,100 metres north of hole HBM23-143, further
demonstrating the lateral extent of the Suluk-Patch 7 mineralized
trend.
Drilling that targeted the southern extension of the Patch 7
zone was highlighted by hole HBM23-132, which returned 5.0 g/t gold
over 4.4 metres at 460 metres depth and 5.9 g/t gold over 2.3
metres at 530 metres depth, approximately 200 metres south of the
mineral resources at Patch 7. This hole demonstrates the southern
extension of the known favourable gold mineralization at Patch 7,
and the trend remains open in the 1-kilometre-long underexplored
area to the south between the Patch 7 and Patch 14 zones.
At Doris, the planned exploration drilling program for 2023 was
completed early in the third quarter and results continued to
confirm and expand the known mineralized zones. Drilling at Doris
and nearby targets will resume in early 2024.
In regional exploration during 2023, one drill rig tested
early-stage targets in the northern part of the Hope Bay greenstone
belt and a regional lake sediment survey was completed in the Elu
belt. A significant follow-up regional exploration program is
planned for 2024.
2024 Exploration Plan and Budget
After a pause in drilling during the transition to winter, the
Hope Bay project is ramping back up to full capacity with seven
surface drill rigs. The Company expects to spend approximately
$22.0 million for 50,000 metres
of drilling at the Hope Bay project in 2024. This program will
focus on high potential areas at Madrid and Doris, including the wide step-out
strategy at Madrid to further
assess the mineral resource potential of the gap between Suluk and
Patch 7 as well as the area south of Patch 7. This first phase of
drilling is expected to be completed before the end of the second
quarter and additional drilling will be considered for the third
and fourth quarters. The wider objective of the exploration program
at Hope Bay remains to grow the mineral reserves and mineral
resources at Madrid and Doris to
support ongoing project studies and potential mining
activities.
AUSTRALIA
FOSTERVILLE
MRMR Highlights
The Fosterville mine
successfully replaced 102% of mining depletion in 2023 with new
mineral reserves. The replacement was achieved through infill
drilling that, combined with the revision of the mine production
plan, resulted in an addition of 289,000 ounces of gold in mineral
reserves that has offset 285,000 ounces mining depletion in
2023.
Fosterville also saw a net
addition of 277,000 ounces of gold in mineral resources
year-over-year with a combination of new inferred mineral resources
at Phoenix and Robbins Hill
through drilling and improved economic parameters, offset by
conversion and a model update.
2023 Exploration Highlights
At the Fosterville mine in
2023, exploration drilling totalled 84,310 metres in 309
holes, comprised of 68,687 metres of underground drilling and
15,623 metres of surface drilling drilling, as well as further
development of underground drifts to support drill programs.
At the Phoenix/Lower Phoenix
area, drilling in Lower Phoenix focused on the mineralized
Cardinal, Swan/Lower Phoenix and Cygnet zones and the Cygnet
hanging wall structure. At Robbins Hill, drilling tested the
Hoffman and Curie zones as well as four structures that link Curie
and Hoffman, including the Wu structure.
Selected recent drill intercepts from the Fosterville mine are set out in the composite
longitudinal section below and in a table in the Appendix.
[Fosterville – Composite
Longitudinal Section]
Recent highlight holes at Fosterville show high gold grades and
demonstrate the potential for several zones at Phoenix and Robbins Hill to provide additional
mineral reserves and mineral resources.
In the Phoenix area, highlight
hole UDH4729B intersected 69.1 g/t gold over 3.7 metres at 1,773
metres depth in the Cardinal structure, including 120.0 g/t gold
over 2.1 metres at 1,772 metres depth. The intersection is
approximately 115 metres down-plunge of the Cardinal mineral
reserves and is within a 200 metre down-plunge extent of visible
gold.
Also in the Phoenix area, hole
UDH4859 intersected 17.3 g/t gold over 8.3 metres at 1,166 metres
depth, approximately 10 metres outside the Cygnet Zone mineral
reserves in a newly identified mineralized trend named the
Peregrine Zone, where follow-up drilling is planned in 2024.
At Robbins Hill, hole UDR047 intersected 5.0 g/t gold over 6.0
metres at 574 metres depth in the Hoffman Zone in a sulphide
intercept located 900 metres south of the current Hoffman mineral
reserves.
In the Curie Zone at Robbins Hill, hole UDH4834 intersected
149.6 g/t over 5.6 metres at 566 metres depth within the lower
portion of the Curie mineral reserves.
Highlight hole UDH4580A intersected 301.4 g/t gold over 2.0
metres at 636 metres depth in the underexplored Wu Zone, which extends for more than 700 metres
in length within the Robbins Hill system.
2024 Exploration Plan and Budget
The Company expects to spend approximately $10.9 million for 38,700 metres of capitalized
drilling at Fosterville in 2024,
focused on the extensions of mineral reserves and mineral resources
at Lower Phoenix and Robbins Hill. An additional $11.7 million is budgeted for 36,500 metres of
underground and surface expensed exploration to test new
geological targets, including underground exploration at Harrier.
Up to six underground rigs and one surface rigs are expected to be
used during the year.
Regionally at Fosterville,
preparation is underway for surface exploration programs to
identify favourable structural environments with folding and
faulting similar to the Fosterville fault that hosts the Swan Zone,
and could potentially host significant gold mineralization, with
follow up drilling planned for any new prospective targets.
FINLAND
KITTILA
MRMR Highlights
At the Kittila mine, improved modelling of the deposit and
conversion drilling in the Suuri and Roura
Deep areas resulted in the addition of 182,000 ounces of
gold in mineral reserves, replacing 65% of 2023 mining
depletion.
2023 Exploration Highlights
At the Kittila mine in 2023, exploration and conversion
drilling totalled 58,000 metres, mainly targeted at the Main
and Sisar zones in the northern and southern portions of the
deposit at approximately 1.0 to 1.4 kilometres depth.
Selected recent drill intercepts from the Kittila mine are set
out in the composite longitudinal section below and in a table in
the Appendix.
[Kittila Mine – Composite Longitudinal
Section]
To the north in the Rimpi area, highlight hole RIE23-630
intersected 5.1 g/t gold over 4.7 metres at 1,059 metres depth in
the Main Zone, representing a 200-metre extension of the Main Zone
to the north at moderate depths. Drilling is ongoing in this
area.
The exploration and conversion drilling program in the central
Roura area near the bottom of the shaft was highlighted by hole
RUG23-515, which intersected 7.0 g/t gold over 19.8 metres at 1,133
metres depth in the Sisar Zone, including 18.8 g/t gold over 4.1
metres at 1,129 metres depth; and hole ROD23-7000D, which
intersected 7.8 g/t gold over 4.2 metres at 1,154 metres depth in
the Main Zone. These intersections are northern extensions of the
gold mineralization in the Suuri zone, and they demonstrate the
potential to add mineral reserves in this area, which remains open
at depth.
In step-out drilling towards the south in the Suuri area, hole
SUU23-700C intersected 3.4 g/t gold over 3.8 metres at 935 metres
depth in the Main Zone, extending gold mineralization by 250 metres
to the south. Approximately 400 metres above hole SUU237-00C, hole
SUU23-606 intersected 10.0 g/t gold over 5.9 metres at 506 metres
depth in the Main Zone, demonstrating the wide exploration target
for continued exploration drilling to the south.
During the second half of 2023, exploration drilling from
surface began targeting an underexplored, parallel mineralized
structure named the East Zone located in the Suuri area
approximately 140 metres east of the mine's producing Main Zone and
outside current mineral resources. Following up on the previously
announced hole SUU23004 in the East Zone, which intersected 11.8
g/t gold over 9.9 metres at 208 metres depth, including 18.2 g/t
gold over 4.8 metres at 206 metres depth (see the Company's news
release dated October 25, 2023), two
recent holes returned further significant gold mineralization at
shallow depths in the East Zone: hole SSU23-008 intersected 11.5
g/t gold over 7.8 metres at 204 metres depth, including 20.5 g/t
gold over 3.7 metres at 205 metres depth, with the intersection
located 73 metres south of hole SUU23-004; and hole SUU23-001
intersected 4.3 g/t gold over 2.7 metres at 158 metres depth,
approximately 200 metres north of hole SUU23-004.
The newly identified East Zone is an attractive, high-grade
parallel zone at shallow depth that has the potential to provide an
additional source of ore proximal to existing mine
infrastructure.
2024 Exploration Plan and Budget
The Company expects to spend approximately $11.8 million for 70,000 metres of drilling at
the Kittila mine in 2024, focused on the Main Zone in the Roura and
Rimpi areas as well as the Sisar Zone. The drilling includes 16,000
metres of capitalized conversion and 35,500 meters of capitalized
exploration as described above. The 18,500 metres of expensed
exploration drilling will be focused on targets beyond the current
mineral reserve area, including from 1,500 to 2,000 metres depth
and in the extension of the central Roura area near the bottom of
the shaft. Follow up drilling is also planned in the East Zone in
the Suuri area at shallow depths.
MEXICO
PINOS ALTOS
2023 Exploration Highlights
At the Pinos Altos mine in 2023, exploration drilling
totalled 21,264 metres in 81 holes, focused on the Pinos Altos Deep
project beneath the mine, the advanced Cubiro underground project
in the northwest of the property and the Moctezuma and Reyna mineralized trends.
At Pinos Altos Deep, drilling beneath the Oberon de Weber mining
zone was highlighted by hole US23-299, which intersected 4.9 g/t
gold and 193 g/t silver over 6.9 metres at 254 metres depth,
including 10.5 g/t gold and 186 g/t silver over 2.3 metres at
254 metres depth, demonstrating the potential to add mineral
resources and mineral reserves approximately 100 metres below
current underground mine workings.
The positive results from recent exploration show the potential
to continue to add and convert remaining mineral resources into
mineral reserves and to extend the life of mine at Pinos Altos.
Exploration Plan and Budget for 2024
The Company expects to spend approximately $4.6 million for 20,700 metres of capitalized and
expensed exploration drilling at Pinos
Altos in 2024.
About Agnico Eagle
Agnico Eagle is a Canadian based and led senior gold mining
company and the third largest gold producer in the world, producing
precious metals from operations in Canada, Australia, Finland and Mexico. It has a pipeline of high-quality
exploration and development projects in these countries as well as
in the United States. Agnico Eagle
is a partner of choice within the mining industry, recognized
globally for its leading environmental, social and governance
practices. The Company was founded in 1957 and has consistently
created value for its shareholders, declaring a cash dividend every
year since 1983.
Further Information
For further information regarding Agnico Eagle, please contact
Investor Relations at the email address
investor.relations@agnicoeagle.com or call (416) 947-1212.
Forward-Looking Statements
The information in this news release has been prepared as at
February 15, 2024. Certain statements
contained in this news release constitute "forward-looking
statements" within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and "forward-looking
information" under the provisions of Canadian provincial securities
laws and are referred to herein as "forward-looking statements".
All statements, other than statements of historical fact, that
address circumstances, events, activities or developments that
could, or may or will occur are forward looking statements. When
used in this news release, the words "achieve", "aim",
"anticipate", "could", "estimate", "expect", "forecast", "future",
"plan", "possible", "potential", "schedule", "target", "tracking",
"will", and similar expressions are intended to identify
forward-looking statements. Such statements include, without
limitation: the Company's forward-looking guidance, including
project timelines, drilling targets or results, life of mine
estimates; the estimated timing and conclusions of the Company's
studies and evaluations; the Company's plans at the Hope Bay
project; the Company's plans at the Wasamac project; statements
concerning other expansion projects, optimization efforts,
projected exploration, including costs and other estimates upon
which such projections are based; timing and amounts of exploration
expenditures and other cash needs; estimates of future mineral
reserves, mineral resources, the projected development of certain
ore deposits, including estimates of exploration, development and
production and other capital costs and estimates of the timing of
such exploration, development and production or decisions with
respect to such exploration, development and production; estimates
of mineral reserves and mineral resources and the effect of drill
results on future mineral reserves and mineral resources; the
Company's ability to obtain the necessary permits and
authorizations in connection with its proposed or current
exploration, development and mining operations and the anticipated
timing thereof; future exploration; the anticipated timing of
events with respect to the Company's mine sites; and anticipated
trends with respect to the Company's operations, exploration and
the funding thereof. Such statements reflect the Company's views as
at the date of this news release and are subject to certain risks,
uncertainties and assumptions, and undue reliance should not be
placed on such statements. Forward-looking statements are
necessarily based upon a number of factors and assumptions that,
while considered reasonable by Agnico Eagle as of the date of such
statements, are inherently subject to significant business,
economic and competitive uncertainties and contingencies. The
material factors and assumptions used in the preparation of the
forward looking statements contained herein, which may prove to be
incorrect, include, but are not limited to, the assumptions set
forth herein and in management's discussion and analysis
("MD&A") and the Company's Annual Information Form ("AIF") for
the year ended December 31, 2022
filed with Canadian securities regulators and that are included in
its Annual Report on Form 40-F for the year ended December 31, 2022 ("Form 40-F") filed with the
U.S. Securities and Exchange Commission (the "SEC"), the Company's
news release dated February 15, 2024
announcing its full year 2023 results, as well as: that there are
no significant disruptions affecting operations; that production,
permitting, development, expansion and the ramp-up of operations at
each of Agnico Eagle's properties proceeds on a basis consistent
with current expectations and plans; that the relevant metal
prices, foreign exchange rates and prices for key mining and
construction inputs (including labour and electricity) will be
consistent with Agnico Eagle's expectations; that Agnico Eagle's
current estimates of mineral reserves, mineral resources, mineral
grades and metal recovery are accurate; that there are no material
delays in the timing for completion of ongoing growth projects;
that seismic activity at the Company's operations at LaRonde,
Goldex and other properties is as expected by the Company and that
the Company's efforts to mitigate its effect on mining operations
are successful; that the Company's current plans to optimize
production are successful; that there are no material variations in
the current tax and regulatory environment; that governments, the
Company or others do not take additional measures in response to
the COVID-19 pandemic or otherwise that, individually or in the
aggregate, materially affect the Company's ability to operate its
business or its productivity; and that measures taken relating to,
or other effects of, the COVID-19 pandemic do not affect the
Company's ability to obtain necessary supplies and deliver them to
its mine sites. Many factors, known and unknown, could cause the
actual results to be materially different from those expressed or
implied by such forward looking statements. Such risks include, but
are not limited to: the volatility of prices of gold and other
metals; uncertainty of mineral reserves, mineral resources, mineral
grades and mineral recovery estimates; uncertainty of future
production, project development, capital expenditures and other
costs; foreign exchange rate fluctuations; inflationary pressures;
financing of additional capital requirements; cost of exploration
and development programs; seismic activity at the Company's
operations, including the LaRonde complex and Goldex mine; mining
risks; community protests, including by Indigenous groups; risks
associated with foreign operations; governmental and environmental
regulation; the volatility of the Company's stock price; risks
associated with the Company's currency, fuel and by-product metal
derivative strategies; the current interest rate environment; the
potential for major economies to encounter a slowdown in economic
activity or a recession; the potential for increased conflict or
hostilities in various regions, including Europe and the Middle East; and the extent and manner to
which COVID-19, its variants, and other communicable diseases or
outbreaks, and measures taken by governments, the Company or others
to attempt to mitigate the spread thereof may directly or
indirectly affect the Company. For a more detailed discussion of
such risks and other factors that may affect the Company's ability
to achieve the expectations set forth in the forward-looking
statements contained in this news release, see the AIF and MD&A
filed on SEDAR at www.sedarplus.ca and included in the Form
40-F filed on EDGAR at www.sec.gov, as well as the Company's other
filings with the Canadian securities regulators and the SEC. Other
than as required by law, the Company does not intend, and does not
assume any obligation, to update these forward-looking
statements.
Notes to Investors Regarding the Use of Mineral
Resources
The mineral reserve and mineral resource estimates contained in
this news release have been prepared in accordance with the
Canadian securities administrators' (the "CSA") National Instrument
43-101 – Standards of Disclosure for Mineral Projects ("NI
43-101").
Effective February 25, 2019, the
SEC's disclosure requirements and policies for mining properties
were amended to more closely align with current industry and global
regulatory practices and standards, including NI 43-101. However,
Canadian issuers that report in the
United States using the Multijurisdictional Disclosure
System ("MJDS"), such as the Company, may still use NI 43-101
rather than the SEC disclosure requirements when using the SEC's
MJDS registration statement and annual report forms. Accordingly,
mineral reserve and mineral resource information contained in this
news release may not be comparable to similar information disclosed
by U.S. companies.
Investors are cautioned that while the SEC now recognizes
"measured mineral resources", "indicated mineral resources" and
"inferred mineral resources", investors should not assume that any
part or all of the mineral deposits in these categories will ever
be converted into a higher category of mineral resources or into
mineral reserves. These terms have a great amount of uncertainty as
to their economic and legal feasibility. Under Canadian
regulations, estimates of inferred mineral resources may not form
the basis of feasibility or pre-feasibility studies, except in
limited circumstances. Investors are cautioned not to assume
that any "measured mineral resources", "indicated mineral
resources", or "inferred mineral resources" that the Company
reports in this news release are or will be economically or legally
mineable.
Further, "inferred mineral resources" have a great amount of
uncertainty as to their existence and as to their economic and
legal feasibility. It cannot be assumed that any part or all of an
inferred mineral resource will ever be upgraded to a higher
category.
The mineral reserve and mineral resource data set out in this
news release are estimates, and no assurance can be given that the
anticipated tonnages and grades will be achieved or that the
indicated level of recovery will be realized. The Company does not
include equivalent gold ounces for by-product metals contained in
mineral reserves in its calculation of contained ounces and mineral
reserves are not reported as a subset of mineral resources.
Scientific and Technical Information
The scientific and technical information contained in this news
release relating to exploration activities has been approved by Guy
Gosselin, Eng. and P.Geo., Executive Vice-President, Exploration
and Olivier Grondin, P.Geo.,
Vice-President, Exploration; and relating to mineral reserves and
mineral resources has been approved by Dyane Duquette, P.Geo., Vice-President, Mineral
Resources Management, each of whom is a "Qualified Person" for the
purposes of NI 43-101.
Detailed Mineral Reserve and Mineral Resource Data
MINERAL
RESERVES
|
As at December 31,
2023
|
OPERATION /
PROJECT
|
PROVEN
|
PROBABLE
|
PROVEN &
PROBABLE
|
GOLD
|
Mining
Method*
|
000
Tonnes
|
g/t
|
000 Oz
Au
|
000
Tonnes
|
g/t
|
000 Oz
Au
|
000
Tonnes
|
g/t
|
000 Oz
Au
|
Recovery
%**
|
LaRonde
mine1
|
U/G
|
2,342
|
4.98
|
375
|
8,568
|
6.79
|
1,870
|
10,910
|
6.40
|
2,244
|
94.7
|
LaRonde Zone
52
|
U/G
|
4,450
|
2.11
|
301
|
4,523
|
2.30
|
334
|
8,972
|
2.20
|
636
|
94.7
|
LaRonde complex
Total
|
6,791
|
3.10
|
676
|
13,091
|
5.24
|
2,204
|
19,882
|
4.51
|
2,880
|
|
Canadian
Malartic3
|
O/P
|
45,474
|
0.58
|
852
|
45,332
|
1.09
|
1,584
|
90,806
|
0.83
|
2,436
|
89.0
|
East
Gouldie4
|
U/G
|
—
|
—
|
—
|
47,005
|
3.42
|
5,173
|
47,005
|
3.42
|
5,173
|
94.6
|
Odyssey
deposits5
|
U/G
|
17
|
2.25
|
1
|
4,422
|
2.17
|
308
|
4,440
|
2.17
|
310
|
95.3
|
Canadian Malartic
complex Total
|
45,491
|
0.58
|
853
|
96,760
|
2.27
|
7,065
|
142,251
|
1.73
|
7,919
|
|
Goldex6
|
U/G
|
797
|
2.60
|
66
|
16,873
|
1.54
|
834
|
17,669
|
1.59
|
901
|
85.8
|
Akasaba
West7
|
O/P
|
203
|
0.84
|
5
|
4,823
|
0.89
|
138
|
5,025
|
0.89
|
143
|
77.1
|
Quebec
Total
|
|
53,282
|
0.93
|
1,601
|
131,546
|
2.42
|
10,242
|
184,828
|
1.99
|
11,843
|
|
Detour Lake (Above 0.5
g/t)
|
O/P
|
70,048
|
1.14
|
2,565
|
484,633
|
0.90
|
14,029
|
554,681
|
0.93
|
16,594
|
91.9
|
Detour Lake (Below 0.5
g/t)
|
O/P
|
48,656
|
0.43
|
666
|
215,712
|
0.38
|
2,669
|
264,368
|
0.39
|
3,335
|
90.0
|
Detour Lake
Total8
|
118,703
|
0.85
|
3,230
|
700,346
|
0.74
|
16,698
|
819,049
|
0.76
|
19,928
|
|
Macassa
mine9
|
U/G
|
248
|
16.17
|
129
|
3,959
|
14.34
|
1,825
|
4,207
|
14.45
|
1,954
|
97.4
|
Macassa Near
Surface10
|
U/G
|
2
|
4.23
|
—
|
117
|
5.96
|
22
|
119
|
5.93
|
23
|
95.0
|
AK
deposit11
|
U/G
|
—
|
—
|
—
|
742
|
6.69
|
160
|
742
|
6.69
|
160
|
95.0
|
Macassa
Total
|
249
|
16.10
|
129
|
4,818
|
12.96
|
2,007
|
5,067
|
13.11
|
2,136
|
|
Upper
Beaver12
|
U/G
|
—
|
—
|
—
|
7,992
|
5.43
|
1,395
|
7,992
|
5.43
|
1,395
|
95.0
|
Hammond
Reef13
|
O/P
|
—
|
—
|
—
|
123,473
|
0.84
|
3,323
|
123,473
|
0.84
|
3,323
|
89.2
|
Ontario
Total
|
|
118,952
|
0.88
|
3,359
|
836,629
|
0.87
|
23,424
|
955,581
|
0.87
|
26,783
|
|
Amaruq
|
O/P
|
3,010
|
1.58
|
153
|
9,469
|
3.76
|
1,146
|
12,479
|
3.24
|
1,299
|
91.7
|
Amaruq
|
U/G
|
49
|
5.96
|
9
|
2,829
|
5.81
|
528
|
2,878
|
5.81
|
538
|
91.7
|
Meadowbank complex
Total14
|
3,059
|
1.65
|
162
|
12,298
|
4.23
|
1,674
|
15,357
|
3.72
|
1,837
|
|
Meliadine
|
O/P
|
266
|
4.27
|
37
|
4,632
|
4.46
|
664
|
4,898
|
4.45
|
700
|
94.7
|
Meliadine
|
U/G
|
1,514
|
7.57
|
369
|
11,846
|
6.30
|
2,398
|
13,360
|
6.44
|
2,767
|
96.3
|
Meliadine
Total15
|
|
1,780
|
7.08
|
405
|
16,478
|
5.78
|
3,062
|
18,258
|
5.91
|
3,467
|
|
Hope
Bay16
|
U/G
|
93
|
6.77
|
20
|
16,123
|
6.51
|
3,377
|
16,216
|
6.52
|
3,397
|
87.5
|
Nunavut
Total
|
|
4,932
|
3.71
|
588
|
44,899
|
5.62
|
8,113
|
49,831
|
5.43
|
8,701
|
|
Fosterville17
|
U/G
|
679
|
12.52
|
273
|
7,897
|
5.55
|
1,409
|
8,576
|
6.10
|
1,682
|
95.0
|
Australia
Total
|
|
679
|
12.52
|
273
|
7,897
|
5.55
|
1,409
|
8,576
|
6.10
|
1,682
|
|
Kittila18
|
U/G
|
984
|
4.11
|
130
|
25,943
|
4.14
|
3,454
|
26,926
|
4.14
|
3,584
|
86.9
|
Europe
Total
|
|
984
|
4.11
|
130
|
25,943
|
4.14
|
3,454
|
26,926
|
4.14
|
3,584
|
|
Pinos Altos
|
O/P
|
24
|
1.21
|
1
|
2,363
|
1.21
|
92
|
2,387
|
1.21
|
93
|
94.4
|
Pinos Altos
|
U/G
|
2,386
|
2.14
|
164
|
4,150
|
2.17
|
290
|
6,536
|
2.16
|
454
|
94.2
|
Pinos Altos
Total19
|
2,410
|
2.13
|
165
|
6,514
|
1.82
|
381
|
8,924
|
1.90
|
546
|
|
San Nicolás
(50%)20
|
O/P
|
23,858
|
0.41
|
314
|
28,761
|
0.39
|
358
|
52,619
|
0.40
|
672
|
17.6
|
Mexico
Total
|
|
26,268
|
0.57
|
479
|
35,275
|
0.65
|
739
|
61,543
|
0.62
|
1,219
|
|
Total
Gold
|
|
205,096
|
0.98
|
6,430
|
1,082,188
|
1.36
|
47,380
|
1,287,284
|
1.30
|
53,811
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SILVER
|
Mining
Method*
|
000
Tonnes
|
g/t
|
000 Oz
Ag
|
000
Tonnes
|
g/t
|
000 Oz
Ag
|
000
Tonnes
|
g/t
|
000 Oz
Ag
|
Recovery
%**
|
LaRonde
|
U/G
|
2,342
|
14.32
|
1,078
|
8,568
|
21.60
|
5,950
|
10,910
|
20.04
|
7,028
|
74.9
|
Pinos Altos
|
O/P
|
24
|
43.30
|
33
|
2,363
|
36.35
|
2,762
|
2,387
|
36.42
|
2,796
|
44.5
|
Pinos Altos
|
U/G
|
2,386
|
40.03
|
3,070
|
4,150
|
47.41
|
6,326
|
6,536
|
44.71
|
9,396
|
49.3
|
Pinos Altos
Total
|
|
2,410
|
40.06
|
3,104
|
6,514
|
43.40
|
9,088
|
8,924
|
42.50
|
12,192
|
|
San Nicolás
(50%)
|
O/P
|
23,858
|
23.93
|
18,356
|
28,761
|
20.91
|
19,333
|
52,619
|
22.28
|
37,689
|
38.2
|
Total
Silver
|
|
28,609
|
24.50
|
22,538
|
43,843
|
24.38
|
34,371
|
72,453
|
24.43
|
56,909
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COPPER
|
Mining
Method*
|
000
Tonnes
|
%
|
tonnes
Cu
|
000
Tonnes
|
%
|
tonnes
Cu
|
000
Tonnes
|
%
|
tonnes
Cu
|
Recovery
%**
|
LaRonde
|
U/G
|
2,342
|
0.19
|
4,558
|
8,568
|
0.30
|
25,341
|
10,910
|
0.27
|
29,899
|
83.6
|
Akasaba West
|
O/P
|
203
|
0.44
|
890
|
4,823
|
0.50
|
24,262
|
5,025
|
0.50
|
25,153
|
83.6
|
Upper Beaver
|
U/G
|
—
|
—
|
—
|
7,992
|
0.25
|
19,980
|
7,992
|
0.25
|
19,980
|
90.0
|
San Nicolás
(50%)
|
O/P
|
23,858
|
1.26
|
299,809
|
28,761
|
1.01
|
291,721
|
52,619
|
1.12
|
591,530
|
75.7
|
Total
Copper
|
|
26,402
|
1.16
|
305,258
|
50,144
|
0.72
|
361,305
|
76,546
|
0.87
|
666,562
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ZINC
|
Mining
Method*
|
000
Tonnes
|
%
|
tonnes
Zn
|
000
Tonnes
|
%
|
tonnes
Zn
|
000
Tonnes
|
%
|
tonnes
Zn
|
Recovery
%**
|
LaRonde
|
U/G
|
2,342
|
0.62
|
14,424
|
8,568
|
1.08
|
92,164
|
10,910
|
0.98
|
106,588
|
69.2
|
San Nicolás
(50%)
|
O/P
|
23,858
|
1.61
|
383,313
|
28,761
|
1.37
|
394,115
|
52,619
|
1.48
|
777,428
|
65.5
|
Total
Zinc
|
|
26,199
|
1.52
|
397,736
|
37,330
|
1.30
|
486,280
|
63,529
|
1.39
|
884,016
|
|
*Underground ("U/G"),
Open Pit ("O/P")
|
** Represents
metallurgical recovery percentage
|
1
LaRonde mine: Net smelter value cut-off varies according to mining
type and depth, not less than C$91/t for LP1 and not less than
C$192/t for LaRonde.
|
2
LaRonde Zone 5: Gold cut-off grade varies according to stope size
and depth, not less than 1.56 g/t.
|
3 Canadian Malartic: Gold
cut-off grade not less than 0.34 g/t for Barnat pit.
|
4
East Gouldie: Gold cut-off grade not less than 1.67 g/t.
|
5
Odyssey deposits: Gold cut-off grade varies according to mining
zone and depth, not less than 1.53 g/t.
|
6
Goldex: Gold cut-off grade varies according to mining type and
depth, not less than 1.00 g/t.
|
7
Akasaba West: Net smelter value cut-off varies, not less than
C$33/t.
|
8
Detour Lake: Gold cut-off grade not less than 0.30 g/t.
|
9
Macassa mine: Gold cut-off grade varies according to mining type,
not less than 3.71 g/t for long hole method and 4.41 g/t for cut
and fill method.
|
10
Macassa Near Surface: Gold cut-off grade not less than 4.33
g/t.
|
11
Amalgamated Kirkland (AK) deposit: Gold cut-off grade not less than
4.25 g/t.
|
12
Upper Beaver: Net smelter value cut-off not less than
C$125/t.
|
13
Hammond Reef: Gold cut-off grade not less than 0.41 g/t.
|
14
Amaruq: Gold cut-off grade varies according to mining type, not
less than 1.14 g/t for open pit mineral reserves and 3.42 g/t for
underground mineral reserves (gold cut-off grade for marginal
underground mineral reserves from development is 1.14
g/t).
|
15
Meliadine: Gold cut-off grade varies according to mining type, not
less than 1.80 g/t for open pit mineral reserves and 4.40 g/t for
underground mineral reserves (gold cut-off grade for marginal
underground mineral reserves from development is 1.80
g/t).
|
16
Hope Bay: Gold cut-off grade not less than 4.00 g/t.
|
17
Fosterville: Gold cut-off grade varies according to mining zone and
type, not less than 3.80 g/t.
|
18
Kittila: Gold cut-off grade varies according to haulage distance,
not less than 2.59 g/t.
|
19
Pinos Altos: Net smelter value cut-off varies according to mining
zone and type, not less than C$9.33/t for open pit mineral reserves
and US$49.93/t for the underground mineral reserves.
|
20San
Nicolás (50%): Net smelter return cut-off values for low
zinc/copper ore of US$9.71/t and for high zinc/copper ore of
US$13.15/t.
|
MINERAL
RESOURCES
|
As at December 31,
2023
|
OPERATION /
PROJECT
|
MEASURED
|
INDICATED
|
MEASURED &
INDICATED
|
INFERRED
|
GOLD
|
Mining
Method*
|
000
Tonnes
|
g/t
|
000 Oz
Au
|
000
Tonnes
|
g/t
|
000
Oz Au
|
000
Tonnes
|
g/t
|
000
Oz Au
|
000
Tonnes
|
g/t
|
000
Oz Au
|
LaRonde
|
U/G
|
—
|
—
|
—
|
6,424
|
3.06
|
632
|
6,424
|
3.06
|
632
|
1,569
|
5.67
|
286
|
LaRonde Zone
5
|
U/G
|
—
|
—
|
—
|
10,594
|
2.27
|
774
|
10,594
|
2.27
|
774
|
10,437
|
3.38
|
1,134
|
LaRonde complex
Total
|
—
|
—
|
—
|
17,018
|
2.57
|
1,407
|
17,018
|
2.57
|
1,407
|
12,006
|
3.68
|
1,420
|
Canadian
Malartic
|
O/P
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
8,171
|
0.81
|
214
|
Odyssey
|
U/G
|
—
|
—
|
—
|
1,372
|
1.71
|
75
|
1,372
|
1.71
|
75
|
19,700
|
2.29
|
1,453
|
East
Malartic
|
U/G
|
—
|
—
|
—
|
11,134
|
2.04
|
731
|
11,134
|
2.04
|
731
|
65,748
|
2.12
|
4,480
|
East Gouldie
|
U/G
|
—
|
—
|
—
|
4,853
|
1.56
|
244
|
4,853
|
1.56
|
244
|
45,239
|
2.29
|
3,331
|
Odyssey Project
Total
|
—
|
—
|
—
|
17,358
|
1.88
|
1,050
|
17,358
|
1.88
|
1,050
|
130,687
|
2.20
|
9,263
|
Canadian Malartic
Total
|
—
|
—
|
—
|
17,358
|
1.88
|
1,050
|
17,358
|
1.88
|
1,050
|
138,858
|
2.12
|
9,477
|
Goldex
|
U/G
|
12,360
|
1.86
|
739
|
18,837
|
1.50
|
907
|
31,197
|
1.64
|
1,646
|
16,154
|
1.68
|
871
|
Akasaba West
|
O/P
|
—
|
—
|
—
|
4,044
|
0.70
|
91
|
4,044
|
0.70
|
91
|
—
|
—
|
—
|
Wasamac
|
U/G
|
—
|
—
|
—
|
27,850
|
2.43
|
2,173
|
27,850
|
2.43
|
2,173
|
9,232
|
2.66
|
789
|
Quebec
Total
|
|
12,360
|
1.86
|
739
|
85,109
|
2.06
|
5,628
|
97,468
|
2.03
|
6,367
|
176,249
|
2.22
|
12,558
|
Detour Lake
|
O/P
|
30,861
|
1.45
|
1,434
|
697,821
|
0.74
|
16,520
|
728,681
|
0.77
|
17,955
|
58,317
|
0.62
|
1,156
|
Detour Lake
|
U/G
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
21,811
|
2.23
|
1,561
|
Detour Lake Zone
58N
|
U/G
|
—
|
—
|
—
|
2,868
|
5.80
|
534
|
2,868
|
5.80
|
534
|
973
|
4.35
|
136
|
Detour Lake
Total
|
|
30,861
|
1.45
|
1,434
|
700,688
|
0.76
|
17,055
|
731,549
|
0.79
|
18,489
|
81,101
|
1.09
|
2,853
|
Macassa
|
U/G
|
258
|
10.32
|
86
|
1,910
|
8.35
|
512
|
2,168
|
8.58
|
598
|
3,692
|
9.21
|
1,094
|
Macassa Near
Surface
|
U/G
|
—
|
—
|
—
|
65
|
6.14
|
13
|
65
|
6.14
|
13
|
133
|
6.62
|
28
|
AK Project
|
U/G
|
—
|
—
|
—
|
163
|
6.95
|
37
|
163
|
6.95
|
37
|
282
|
5.69
|
52
|
Macassa
Total
|
|
258
|
10.32
|
86
|
2,138
|
8.17
|
562
|
2,396
|
8.40
|
647
|
4,106
|
8.89
|
1,173
|
Aquarius
|
O/P
|
—
|
—
|
—
|
23,112
|
1.49
|
1,106
|
23,112
|
1.49
|
1,106
|
502
|
0.87
|
14
|
Holt complex
|
U/G
|
5,806
|
4.29
|
800
|
5,884
|
4.75
|
898
|
11,690
|
4.52
|
1,699
|
9,097
|
4.48
|
1,310
|
Anoki-McBean
|
U/G
|
—
|
—
|
—
|
3,919
|
2.77
|
349
|
3,919
|
2.77
|
349
|
867
|
3.84
|
107
|
Upper Beaver
|
U/G
|
—
|
—
|
—
|
3,636
|
3.45
|
403
|
3,636
|
3.45
|
403
|
8,688
|
5.07
|
1,416
|
Upper Canada
|
O/P
|
—
|
—
|
—
|
2,006
|
1.62
|
104
|
2,006
|
1.62
|
104
|
1,020
|
1.44
|
47
|
Upper Canada
|
U/G
|
—
|
—
|
—
|
8,433
|
2.28
|
618
|
8,433
|
2.28
|
618
|
17,588
|
3.21
|
1,816
|
Upper Canada
Total
|
|
—
|
—
|
—
|
10,439
|
2.15
|
722
|
10,439
|
2.15
|
722
|
18,608
|
3.11
|
1,863
|
Hammond Reef
|
O/P
|
47,063
|
0.54
|
819
|
86,304
|
0.53
|
1,478
|
133,367
|
0.54
|
2,298
|
—
|
—
|
—
|
Ontario
Total
|
|
83,988
|
1.16
|
3,140
|
836,119
|
0.84
|
22,574
|
920,107
|
0.87
|
25,713
|
122,968
|
2.21
|
8,736
|
Amaruq
|
O/P
|
—
|
—
|
—
|
4,758
|
2.62
|
401
|
4,758
|
2.62
|
401
|
236
|
2.87
|
22
|
Amaruq
|
U/G
|
—
|
—
|
—
|
8,544
|
4.37
|
1,199
|
8,544
|
4.37
|
1,199
|
3,938
|
4.75
|
602
|
Amaruq
Total
|
|
—
|
—
|
—
|
13,302
|
3.74
|
1,600
|
13,302
|
3.74
|
1,600
|
4,173
|
4.65
|
623
|
Meadowbank complex
Total
|
—
|
—
|
—
|
13,302
|
3.74
|
1,600
|
13,302
|
3.74
|
1,600
|
4,173
|
4.65
|
623
|
Meliadine
|
O/P
|
3
|
3.17
|
—
|
4,613
|
3.14
|
466
|
4,615
|
3.14
|
466
|
1,135
|
4.45
|
162
|
Meliadine
|
U/G
|
422
|
4.64
|
63
|
7,626
|
4.49
|
1,100
|
8,047
|
4.49
|
1,163
|
9,986
|
6.42
|
2,060
|
Meliadine
Total
|
|
424
|
4.63
|
63
|
12,238
|
3.98
|
1,566
|
12,663
|
4.00
|
1,629
|
11,120
|
6.22
|
2,222
|
Hope Bay
|
U/G
|
—
|
—
|
—
|
10,734
|
3.64
|
1,255
|
10,734
|
3.64
|
1,255
|
12,110
|
5.41
|
2,108
|
Nunavut
Total
|
|
424
|
4.63
|
63
|
36,274
|
3.79
|
4,421
|
36,699
|
3.80
|
4,485
|
27,404
|
5.62
|
4,953
|
Fosterville
|
O/P
|
820
|
2.81
|
74
|
1,771
|
3.87
|
220
|
2,591
|
3.53
|
294
|
326
|
2.72
|
29
|
Fosterville
|
U/G
|
262
|
3.99
|
34
|
8,758
|
4.20
|
1,184
|
9,019
|
4.20
|
1,218
|
9,693
|
4.60
|
1,433
|
Fosterville
Total
|
|
1,082
|
3.10
|
108
|
10,528
|
4.15
|
1,404
|
11,610
|
4.05
|
1,512
|
10,019
|
4.54
|
1,461
|
Northern
Territory
|
O/P
|
269
|
3.65
|
32
|
16,416
|
1.42
|
749
|
16,685
|
1.46
|
781
|
13,536
|
1.75
|
762
|
Northern
Territory
|
U/G
|
—
|
—
|
—
|
5,115
|
5.39
|
887
|
5,115
|
5.39
|
887
|
4,284
|
4.45
|
613
|
Northern Territory
Total
|
269
|
3.65
|
32
|
21,531
|
2.36
|
1,636
|
21,800
|
2.38
|
1,668
|
17,820
|
2.40
|
1,376
|
Australia
Total
|
|
1,351
|
3.21
|
139
|
32,059
|
2.95
|
3,040
|
33,410
|
2.96
|
3,180
|
27,839
|
3.17
|
2,837
|
Kittilä
|
O/P
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
373
|
3.89
|
47
|
Kittilä
|
U/G
|
4,299
|
2.91
|
402
|
13,632
|
2.93
|
1,285
|
17,931
|
2.93
|
1,687
|
6,192
|
5.13
|
1,020
|
Kittilä
Total
|
|
4,299
|
2.91
|
402
|
13,632
|
2.93
|
1,285
|
17,931
|
2.93
|
1,687
|
6,565
|
5.06
|
1,067
|
Barsele
|
O/P
|
—
|
—
|
—
|
3,178
|
1.08
|
111
|
3,178
|
1.08
|
111
|
2,260
|
1.25
|
91
|
Barsele
|
U/G
|
—
|
—
|
—
|
1,158
|
1.77
|
66
|
1,158
|
1.77
|
66
|
13,552
|
2.10
|
914
|
Barsele
Total
|
|
—
|
—
|
—
|
4,335
|
1.27
|
176
|
4,335
|
1.27
|
176
|
15,811
|
1.98
|
1,005
|
Europe
Total
|
|
4,299
|
2.91
|
402
|
17,967
|
2.53
|
1,461
|
22,266
|
2.60
|
1,863
|
22,376
|
2.88
|
2,072
|
Pinos Altos
|
O/P
|
—
|
—
|
—
|
1,266
|
1.03
|
42
|
1,266
|
1.03
|
42
|
445
|
1.27
|
18
|
Pinos Altos
|
U/G
|
—
|
—
|
—
|
10,394
|
1.92
|
643
|
10,394
|
1.92
|
643
|
1,431
|
1.87
|
86
|
Pinos Altos
Total
|
|
—
|
—
|
—
|
11,659
|
1.83
|
685
|
11,659
|
1.83
|
685
|
1,876
|
1.73
|
104
|
La India
|
O/P
|
4,478
|
0.52
|
74
|
814
|
0.54
|
14
|
5,292
|
0.52
|
88
|
66
|
0.40
|
1
|
San Nicolás
(50%)
|
O/P
|
261
|
0.08
|
1
|
3,037
|
0.20
|
19
|
3,297
|
0.19
|
20
|
2,468
|
0.13
|
10
|
Tarachi
|
O/P
|
—
|
—
|
—
|
19,290
|
0.58
|
361
|
19,290
|
0.58
|
361
|
242
|
0.52
|
4
|
Chipriona
|
O/P
|
—
|
—
|
—
|
10,983
|
0.92
|
326
|
10,983
|
0.92
|
326
|
976
|
0.66
|
21
|
El Barqueño
Gold
|
O/P
|
—
|
—
|
—
|
8,834
|
1.16
|
331
|
8,834
|
1.16
|
331
|
9,628
|
1.13
|
351
|
Santa
Gertrudis
|
O/P
|
—
|
—
|
—
|
19,267
|
0.91
|
563
|
19,267
|
0.91
|
563
|
9,819
|
1.36
|
429
|
Santa
Gertrudis
|
U/G
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
9,079
|
3.44
|
1,004
|
Santa Gertrudis
Total
|
—
|
—
|
—
|
19,267
|
0.91
|
563
|
19,267
|
0.91
|
563
|
18,898
|
2.36
|
1,433
|
Total
Mexico
|
|
4,739
|
0.49
|
75
|
73,884
|
0.97
|
2,299
|
78,623
|
0.94
|
2,373
|
34,154
|
1.75
|
1,923
|
Total
Gold
|
|
107,161
|
1.32
|
4,558
|
1,081,412
|
1.13
|
39,423
|
1,188,573
|
1.15
|
43,981
|
410,990
|
2.50
|
33,080
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OPERATION /
PROJECT
|
MEASURED
|
INDICATED
|
MEASURED &
INDICATED
|
INFERRED
|
SILVER
|
Mining
Method*
|
000 Tonnes
|
g/t
|
000 Oz
Ag
|
000 Tonnes
|
g/t
|
000 Oz
Ag
|
000 Tonnes
|
g/t
|
000 Oz
Ag
|
000 Tonnes
|
g/t
|
000 Oz
Ag
|
LaRonde
|
U/G
|
—
|
—
|
—
|
6,424
|
11.98
|
2,474
|
6,424
|
11.98
|
2,474
|
1,569
|
12.25
|
618
|
Pinos Altos
|
O/P
|
—
|
—
|
—
|
1,266
|
21.60
|
879
|
1,266
|
21.6
|
879
|
445
|
31.74
|
454
|
Pinos Altos
|
U/G
|
—
|
—
|
—
|
10,394
|
50.99
|
17,040
|
10,394
|
50.99
|
17,040
|
1,431
|
36.19
|
1,665
|
Pinos Altos
Total
|
|
—
|
—
|
—
|
11,659
|
47.80
|
17,919
|
11,659
|
47.8
|
17,919
|
1,876
|
35.13
|
2,120
|
La India
|
O/P
|
4,478
|
2.72
|
391
|
814
|
2.61
|
68
|
5,292
|
2.7
|
460
|
66
|
2.18
|
5
|
San Nicolás
(50%)
|
O/P
|
261
|
6.40
|
54
|
3,037
|
11.86
|
1,158
|
3,297
|
11.43
|
1,211
|
2,468
|
9.26
|
735
|
Chipriona
|
O/P
|
—
|
—
|
—
|
10,983
|
100.72
|
35,566
|
10,983
|
100.72
|
35,566
|
976
|
86.77
|
2,722
|
El Barqueño
Silver
|
O/P
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
4,393
|
124.06
|
17,523
|
El Barqueño
Gold
|
O/P
|
—
|
—
|
—
|
8,834
|
4.73
|
1,343
|
8,834
|
4.73
|
1,343
|
9,628
|
16.86
|
5,218
|
Santa
Gertrudis
|
O/P
|
—
|
—
|
—
|
19,267
|
3.66
|
2,269
|
19,267
|
3.66
|
2,269
|
9,819
|
1.85
|
585
|
Santa
Gertrudis
|
U/G
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
9,079
|
23.31
|
6,803
|
Santa Gertrudis
Total
|
—
|
—
|
—
|
19,267
|
3.66
|
2,269
|
19,267
|
3.66
|
2,269
|
18,898
|
12.16
|
7,389
|
Total
Silver
|
|
4,739
|
2.92
|
445
|
61,018
|
30.99
|
60,796
|
65,757
|
28.97
|
61,240
|
39,874
|
28.34
|
36,328
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COPPER
|
Mining
Method*
|
000 Tonnes
|
%
|
Tonnes Cu
|
000 Tonnes
|
%
|
Tonnes Cu
|
000 Tonnes
|
%
|
Tonnes Cu
|
000 Tonnes
|
%
|
Tonnes Cu
|
LaRonde
|
U/G
|
—
|
—
|
—
|
6,424
|
0.13
|
8,613
|
6,424
|
0.13
|
8,613
|
1,569
|
0.28
|
4,371
|
Akasaba West
|
O/P
|
—
|
—
|
—
|
4,044
|
0.43
|
17,270
|
4,044
|
0.43
|
17,270
|
—
|
—
|
—
|
Upper Beaver
|
U/G
|
—
|
—
|
—
|
3,636
|
0.14
|
5,135
|
3,636
|
0.14
|
5,135
|
8,688
|
0.20
|
17,284
|
San Nicolás
(50%)
|
O/P
|
261
|
1.35
|
3,526
|
3,037
|
1.17
|
35,489
|
3,297
|
1.18
|
39,015
|
2,468
|
0.94
|
23,144
|
Chipriona
|
O/P
|
—
|
—
|
—
|
10,983
|
0.16
|
17,291
|
10,983
|
0.16
|
17,291
|
976
|
0.12
|
1,174
|
El Barqueño
Gold
|
O/P
|
—
|
—
|
—
|
8,834
|
0.19
|
16,400
|
8,834
|
0.19
|
16,400
|
9,628
|
0.22
|
21,152
|
El Barqueño
Silver
|
O/P
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
4,393
|
0.04
|
1,854
|
Total
Copper
|
|
261
|
1.35
|
3,526
|
36,958
|
0.27
|
100,198
|
37,218
|
0.28
|
103,724
|
27,721
|
0.25
|
68,980
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ZINC
|
Mining
Method*
|
000 Tonnes
|
%
|
Tonnes
Zn
|
000
Tonnes
|
%
|
Tonnes
Zn
|
000
Tonnes
|
%
|
Tonnes
Zn
|
000
Tonnes
|
%
|
Tonnes
Zn
|
LaRonde
|
U/G
|
—
|
—
|
—
|
6,424
|
0.74
|
47,404
|
6,424
|
0.74
|
47,404
|
1,569
|
0.36
|
5,600
|
San Nicolás
(50%)
|
O/P
|
261
|
0.39
|
1,012
|
3,037
|
0.71
|
21,618
|
3,297
|
0.69
|
22,630
|
2,468
|
0.62
|
15,355
|
Chipriona
|
O/P
|
—
|
—
|
—
|
10,983
|
0.83
|
91,637
|
10,983
|
0.83
|
91,637
|
976
|
0.73
|
7,073
|
Total
Zinc
|
|
261
|
0.39
|
1,012
|
20,444
|
0.79
|
160,659
|
20,704
|
0.78
|
161,671
|
5,012
|
0.56
|
28,029
|
*Underground ("U/G"),
Open Pit ("O/P")
|
Assumptions used for the December 31,
2023 mineral reserve and mineral resource estimates reported
by the Company
Metal Price for
Mineral Reserve Estimation*
|
Gold
(US$/oz)
|
Silver
(US$/oz)
|
Copper
(US$/lb)
|
Zinc
(US$/lb)
|
$1,400
|
$18.00
|
$3.50
|
$1.00
|
*
Exceptions: US$1,300 per ounce of gold used for Detour Lake;
US$1,350 per ounce of gold used for Hope Bay and Hammond Reef;
US$1,200 per ounce of gold and US$2.75 per pound of copper used for
Upper Beaver; US$1,300 per ounce of gold, US$20.00 per ounce of
silver, US$3.00 per pound of copper and US$1.10 per pound of zinc
used for San Nicolás.
|
Mines /
Projects
|
Metal Price for
Mineral Resource Estimation*
|
Gold
(US$/oz)
|
Silver
(US$/oz)
|
Copper
(US$/lb)
|
Zinc
(US$/lb)
|
Operating mines and
pipeline projects
|
$1,650
|
$22.50
|
$3.75
|
$1.25
|
*
Exceptions: US$1,500 per ounce of gold used for Detour Lake,
Northern Territory and Holt complex; US$1,300 per ounce of gold
used for Detour Zone 58N; US$1,400 per ounce of gold used for
Canadian Malartic, US$1,688 per ounce of gold used for Hope Bay,
Santa Gertrudis and Hammond Reef; US$1,667 per ounce of gold used
for Upper Canada, El Barqueño; US$1,200 per ounce of gold and
US$2.75 per pound of copper used for Upper Beaver; US$1,533 per
ounce of gold used for Barsele; US$500 per ounce of gold used for
Aquarius, US$22.67 per ounce of silver used for El Barqueño;
US$1,687 per ounce of gold used for Anoki-McBean and Tarachi;
US$25.00 per ounce of silver used for Santa Gertrudis; US$1,300 per
ounce of gold, US$20.00 per ounce of silver, US$3.00 per pound of
copper and US$1.10 per pound of zinc used for San
Nicolás.
|
Exchange
rates*
|
C$ per
US$1.00
|
Mexican peso per
US$1.00
|
AUD per
US$1.00
|
US$ per
€1.00
|
$1.30
|
MXP18.00
|
AUD1.36
|
EUR1.10
|
*
Exceptions: exchange rate of CAD$1.25 per US$1.00 used for Upper
Beaver, Upper Canada, Holt complex and Detour Zone 58N; CAD$1.11
per US$1.00 used for Aquarius; US$1.00 per EUR $1.15 used for
Barsele; MXP17.00 per US$1.00 used for Tarachi.
|
The above metal price assumptions are below the three-year
historic average (from January 1,
2021 to December 31, 2023) of
approximately $1,853 per ounce of
gold, $23.50 per ounce of silver,
$4.03 per pound of copper and
$1.38 per pound of zinc.
Mineral reserves are reported exclusive of mineral resources.
Tonnage amounts and contained metal amounts set out in this table
have been rounded to the nearest thousand, so may not aggregate to
equal column totals. Mineral reserves are in-situ, taking
into account all mining recoveries, before mill or heap leach
recoveries. Underground mineral reserves and measured and indicated
mineral resources are reported within mineable shapes and include
internal and external dilution. Inferred mineral resources are
reported within mineable shapes and include internal dilution.
Mineable shape optimization parameters may differ for mineral
reserves and mineral resources.
The mineral reserves and mineral resources tonnages reported for
silver, copper and zinc are a subset of the mineral reserves and
mineral resources tonnages for gold. The Company's economic
parameters set the maximum price allowed to be no more than the
lesser of the three‐year moving average and current spot price,
which is a common industry standard. Given the current commodity
price environment, Agnico Eagle continues to use more conservative
gold and silver prices.
NI 43-101 requires mining companies to disclose mineral reserves
and mineral resources using the subcategories of "proven mineral
reserves", "probable mineral reserves", "measured mineral
resources", "indicated mineral resources" and "inferred mineral
resources". Mineral resources that are not mineral reserves do not
have demonstrated economic viability.
A mineral reserve is the economically mineable part of a
measured and/or indicated mineral resource. It includes diluting
materials and allowances for losses, which may occur when the
material is mined or extracted and is defined by studies at
pre-feasibility or feasibility level as appropriate that include
application of modifying factors. Such studies demonstrate that, at
the time of reporting, extraction could reasonably be justified.
The mineral reserves presented in this news release are separate
from and not a portion of the mineral resources.
Modifying factors are considerations used to convert mineral
resources to mineral reserves. These include, but are not
restricted to, mining, processing, metallurgical, infrastructure,
economic, marketing, legal, environmental, social and governmental
factors.
A proven mineral reserve is the economically mineable part of a
measured mineral resource. A proven mineral reserve implies a high
degree of confidence in the modifying factors. A probable mineral
reserve is the economically mineable part of an indicated and, in
some circumstances, a measured mineral resource. The confidence in
the modifying factors applied to a probable mineral reserve is
lower than that applied to a proven mineral reserve.
A mineral resource is a concentration or occurrence of solid
material of economic interest in or on the Earth's crust in such
form, grade or quality and quantity that there are reasonable
prospects for eventual economic extraction. The location, quantity,
grade or quality, continuity and other geological characteristics
of a mineral resource are known, estimated or interpreted from
specific geological evidence and knowledge, including sampling.
A measured mineral resource is that part of a mineral resource
for which quantity, grade or quality, densities, shape and physical
characteristics are estimated with confidence sufficient to allow
the application of modifying factors to support detailed mine
planning and final evaluation of the economic viability of the
deposit. Geological evidence is derived from detailed and reliable
exploration, sampling and testing and is sufficient to confirm
geological and grade or quality continuity between points of
observation. An indicated mineral resource is that part of a
mineral resource for which quantity, grade or quality, densities,
shape and physical characteristics are estimated with sufficient
confidence to allow the application of modifying factors in
sufficient detail to support mine planning and evaluation of the
economic viability of the deposit. Geological evidence is derived
from adequately detailed and reliable exploration, sampling and
testing and is sufficient to assume geological and grade or quality
continuity between points of observation. An inferred mineral
resource is that part of a mineral resource for which quantity and
grade or quality are estimated on the basis of limited geological
evidence and sampling. Geological evidence is sufficient to imply
but not verify geological and grade or quality continuity.
Investors are cautioned not to assume that part or all of an
inferred mineral resource exists, or is economically or legally
mineable.
A feasibility study is a comprehensive technical and economic
study of the selected development option for a mineral project that
includes appropriately detailed assessments of applicable modifying
factors, together with any other relevant operational factors and
detailed financial analysis that are necessary to demonstrate, at
the time of reporting, that extraction is reasonably justified
(economically mineable). The results of the study may reasonably
serve as the basis for a final decision by a proponent or financial
institution to proceed with, or finance, the development of the
project. The confidence level of the study will be higher than that
of a pre-feasibility study.
Additional Information
Additional information about each of the Company's material
mineral projects as at December 31, 2023, including
information regarding data verification, key assumptions,
parameters and methods used to estimate mineral reserves and
mineral resources and the risks that could materially affect the
development of the mineral reserves and mineral resources required
by sections 3.2 and 3.3 and paragraphs 3.4(a), (c) and (d) of NI
43-101 can be found in the Company's AIF and MD&A filed on
SEDAR each of which forms a part of the Company's Form 40-F filed
with the SEC on EDGAR and in the following technical reports filed
on SEDAR in respect of the Company's material mineral properties:
NI 43-101 Technical Report of the LaRonde complex in Québec, Canada
(March 24, 2023); NI 43-101 Technical Report Canadian Malartic
Mine, Québec, Canada (March 25, 2021); Technical Report on the
Mineral Resources and Mineral Reserves at Meadowbank Gold complex
including the Amaruq Satellite Mine Development, Nunavut, Canada as
at December 31, 2017 (February 14, 2018); the Updated Technical
Report on the Meliadine Gold Project, Nunavut, Canada (February 11,
2015); the Detour Lake Operation, Ontario, Canada NI 43-101
Technical Report as at July 26, 2021 (October 15, 2021); and the
Updated NI 43-101 Technical Report Fosterville Gold Mine in the
State of Victoria, Australia as at December 31, 2018 (April 1,
2019).
APPENDIX
Recent Selected Exploration Drill Results
LZ5 mine at LaRonde complex
Drill hole
|
Mine / zone
|
From
(metres)
|
To
(metres)
|
Depth of
midpoint
below surface
(metres)
|
Estimated
true
width (metres)
|
Gold
grade
(g/t)
(uncapped)
|
Gold
grade
(g/t)
(capped)*
|
BZ-2023-007
|
LZ5
|
865.4
|
898.0
|
686
|
24.8
|
1.8
|
1.8
|
BZ-2023-007A
|
LZ5
|
834.0
|
866.0
|
627
|
26.4
|
3.0
|
3.0
|
BZ-2022-026
|
LZ5
|
982.9
|
1009.1
|
857
|
16.8
|
2.1
|
2.1
|
*Results from LZ5 mine
use a capping factor of 30 g/t gold.
|
W Zone at Goldex
Drill hole
|
From
(metres)
|
To
(metres)
|
Depth of
midpoint
below surface
(metres)
|
Estimated true
width
(metres)
|
Gold grade
(g/t)
(uncapped)
|
Gold grade
(g/t)
(capped)*
|
GD27-053
|
387.0
|
475.5
|
476
|
35.0
|
1.2
|
1.2
|
GD27-056
|
676.5
|
777.0
|
591
|
45.0
|
1.5
|
1.5
|
GD27-063
|
516.0
|
618.0
|
607
|
42.0
|
1.1
|
1.1
|
*Results from W Zone at
Goldex use a capping factor of 50 g/t gold.
|
East Gouldie deposit, Odyssey South deposit and Odyssey
internal zones at Odyssey mine
Drill hole
|
Deposit /
Zone
|
From
(metres)
|
To
(metres)
|
Depth of
midpoint
below surface
(metres)
|
Estimated
true width
(metres)
|
Gold grade
(g/t)
(uncapped)
|
Gold grade
(g/t)
(capped)*
|
MEV23-269
|
East Gouldie
|
489.8
|
492.8
|
351
|
3.0**
|
5.1
|
5.1
|
MEV23-275RR
|
East Gouldie
|
578.0
|
582.5
|
497
|
4.5**
|
5.4
|
5.4
|
MEV23-281
|
East Gouldie
|
444.0
|
452.0
|
396
|
8.0**
|
13.7
|
6.1
|
MEV23-293
|
Odyssey
South
|
714.5
|
722.1
|
383
|
6.8
|
4.2
|
4.2
|
MEX22-251RWZ
|
East Gouldie
|
1,774.3
|
1,835.3
|
1,659
|
50.0
|
2.3
|
2.2
|
MEX23-285
|
East Gouldie
|
973.4
|
978.8
|
853
|
5.4**
|
4.7
|
4.7
|
MEX23-289
|
East Gouldie
|
666.7
|
679.6
|
420
|
12.8**
|
5.2
|
5.2
|
MEX23-300
|
East Gouldie
|
1,138.0
|
1,146.5
|
1,067
|
6.4
|
4.2
|
4.2
|
MEX23-304
|
East Gouldie
|
1,564.5
|
1,581.1
|
1,355
|
15.9
|
5.0
|
5.0
|
MEX23-304Z
|
East Gouldie
|
1,565.0
|
1,572.1
|
1,299
|
6.7
|
6.2
|
6.2
|
MEX23-305Z
|
East Gouldie
|
1,824.7
|
1,839.0
|
1,467
|
13.5
|
6.7
|
6.7
|
MEX23-306
|
East Gouldie
|
692.5
|
696.3
|
578
|
3.3
|
6.1
|
6.1
|
and
|
East Gouldie
|
724.0
|
729.0
|
605
|
4.5
|
7.0
|
6.7
|
and
|
East Gouldie
|
871.3
|
876.3
|
725
|
4.5
|
12.8
|
11.7
|
UGOD-016-176
|
Odyssey
internal
|
346.5
|
359.1
|
478
|
12.6**
|
6.8
|
6.8
|
UGOD-016-188
|
Odyssey S, Odyssey int,
EG
|
271.0
|
310.6
|
344
|
39.6**
|
3.4
|
3.2
|
UGOD-016-190
|
Odyssey
South
|
264.0
|
277.5
|
307
|
13.5**
|
3.2
|
3.2
|
and
|
East Gouldie
|
287.5
|
298.5
|
315
|
11.0**
|
10.3
|
7.6
|
and
|
Odyssey
internal
|
326.8
|
331.6
|
328
|
4.8**
|
5.9
|
5.9
|
UGOD-016-198
|
East Gouldie
|
325.0
|
330.5
|
330
|
5.4**
|
3.9
|
3.9
|
UGOD-016-199
|
Odyssey
internal
|
361.5
|
375.8
|
374
|
14.3**
|
3.0
|
3.0
|
UGOD-036-002
|
East Gouldie
|
101.0
|
105.4
|
395
|
4.3**
|
3.1
|
3.1
|
and
|
Odyssey
internal
|
143.0
|
149.5
|
410
|
6.5**
|
14.0
|
4.9
|
UGOD-036-003
|
East Gouldie
|
174.5
|
200.0
|
466
|
25.5**
|
3.7
|
2.9
|
and
|
East Gouldie
|
309.5
|
328.0
|
544
|
18.5**
|
2.7
|
2.7
|
*Results from East
Gouldie, Odyssey internal zones and Odyssey South use a capping
factor of 20 g/t gold.
|
**Core
length
|
Wasamac, Francoeur and Wildcat deposits at Wasamac
project
Drill hole
|
Deposit /
Zone
|
From
(metres)
|
To
(metres)
|
Depth of
midpoint
below
surface
(metres)
|
Estimated true
width (metres)
|
Gold grade
(g/t)
(uncapped)
|
Gold grade
(g/t)
(capped)*
|
FS23-129
|
Francoeur
|
374.6
|
379.9
|
324
|
5.3**
|
4.5
|
4.5
|
WS23-634
|
Wasamac
|
526.1
|
530.1
|
484
|
3.9
|
4.4
|
4.4
|
WS23-653
|
Wildcat
|
387.6
|
393.0
|
267
|
5.4**
|
3.4
|
3.4
|
WS23-661
|
Wildcat
|
44.9
|
65.5
|
44
|
20.6**
|
3.6
|
3.6
|
and
|
Wildcat
|
157.8
|
162.0
|
123
|
4.1**
|
5.6
|
5.6
|
WS23-663
|
Wasamac
|
599.0
|
620.1
|
565
|
18.8
|
2.8
|
2.8
|
WS23-666
|
Wasamac
|
620.5
|
636.0
|
590
|
13.4**
|
4.9
|
4.9
|
*Results from Wasamac
project use a capping factor of 30 g/t gold.
|
**Core
length
|
West Pit and West Pit Extension zones at Detour Lake
Drill hole
|
Zone
|
From
(metres)
|
To
(metres)
|
Depth of
midpoint
below
surface
(metres)
|
Estimated
true width
(metres)
|
Gold grade
(g/t)
(uncapped)*
|
DLM23-727W
|
West Pit
Extension
|
980.0
|
983.0
|
896
|
2.7
|
5.4
|
DLM-23-730W
|
West Pit
|
393.0
|
399.1
|
319
|
5.6
|
11.4
|
DLM-23-733A
|
West Pit
Extension
|
602.0
|
617.1
|
545
|
12.6
|
18.3
|
DLM-23-735
|
West Pit
Extension
|
260.7
|
287.0
|
236
|
22.4
|
6.0
|
and
|
West Pit
Extension
|
305.5
|
314.0
|
265
|
7.3
|
6.4
|
and
|
West Pit
Extension
|
331.0
|
334.0
|
284
|
2.7
|
11.7
|
DLM-23-745
|
West Pit
Extension
|
317.0
|
320.0
|
285
|
2.7
|
10.0
|
and
|
West Pit
Extension
|
370.0
|
373.0
|
332
|
2.7
|
32.2
|
DLM-23-747
|
West Pit
Extension
|
1,157.0
|
1,160.0
|
1,030
|
2.7
|
7.8
|
DLM-23-757
|
West Pit
|
283.3
|
334.2
|
233
|
47.2
|
2.7
|
including
|
|
283.3
|
297.7
|
220
|
13.3
|
6.5
|
DLM-23-763A
|
West Pit
Extension
|
631.0
|
634.0
|
559
|
2.7
|
21.9
|
and
|
West Pit
Extension
|
824.0
|
835.0
|
723
|
9.4
|
3.7
|
DLM-23-767
|
West Pit
Extension
|
464.9
|
474.0
|
420
|
7.4
|
24.8
|
DLM-23-773
|
West Pit
Extension
|
1,010.2
|
1,013.2
|
845
|
2.7
|
19.3
|
DLM-23-774A
|
West Pit
Extension
|
1,188.5
|
1,192.0
|
999
|
3.3
|
8.7
|
DLM-23-775
|
West Pit
Extension
|
343.0
|
361.0
|
307
|
16.6
|
5.4
|
DLM-23-779
|
West Pit
Extension
|
959.0
|
962.0
|
855
|
2.7
|
5.9
|
DLM-23-783
|
West Pit
Extension
|
912.0
|
915.2
|
795
|
2.8
|
13.2
|
*Results from Detour
Lake are uncapped.
|
SMC, Main Break and AK zones at Macassa complex
Drill hole
|
Zone
|
From
(metres)
|
To
(metres)
|
Depth of
midpoint
below
surface
(metres)
|
Estimated
true
width
(metres)
|
Gold grade
(g/t)
(uncapped)
|
Gold grade
(g/t)
(capped)*
|
53-4782
|
SMC East
|
123.8
|
125.8
|
1,664
|
1.9
|
43.0
|
43.0
|
53-4813A
|
SMC East
|
129.4
|
131.4
|
1,698
|
1.9
|
40.4
|
35.6
|
57-1394
|
SMC Lower
|
199.4
|
201.4
|
1,827
|
1.9
|
78.9
|
70.3
|
57-1417
|
SMC Lower
|
199.0
|
201.0
|
1,783
|
2.0
|
37.0
|
37.0
|
57-1442
|
SMC Lower
|
162.0
|
164.0
|
1,846
|
1.9
|
101.7
|
67.6
|
57-1445
|
SMC Lower
|
135.0
|
137.0
|
1,879
|
1.5
|
90.9
|
69.6
|
and
|
SMC Lower
|
162.0
|
164.0
|
1,884
|
1.5
|
110.4
|
110.4
|
57-1460
|
SMC Lower
|
244.9
|
246.9
|
1,964
|
1.7
|
43.6
|
43.6
|
57-1465A
|
SMC Lower
|
222.3
|
224.3
|
1,941
|
2.0
|
40.3
|
40.3
|
58-892
|
Main Break
(110)
|
320.6
|
322.7
|
2,122
|
1.3
|
88.1
|
16.7
|
58-894
|
Main Break
(110)
|
268.8
|
271.0
|
2,086
|
1.3
|
44.8
|
25.1
|
58-920
|
Main Break
(110)
|
192.7
|
196.8
|
2,000
|
3.2
|
186.3
|
39.6
|
and
|
Main Break
(110)
|
199.0
|
203.4
|
2,007
|
3.3
|
50.1
|
50.1
|
KLAK-239
|
AK
|
117.7
|
120.9
|
278
|
3.1
|
17.9
|
17.9
|
KLAK-242
|
AK
|
129.8
|
134.5
|
319
|
4.4
|
21.8
|
21.8
|
KLAK-245
|
AK
|
155.1
|
160.6
|
365
|
5.0
|
32.4
|
25.0
|
KLAK-249
|
AK
|
171.5
|
174.2
|
400
|
1.9
|
25.1
|
18.5
|
KLAK-261
|
AK
|
164.6
|
169.2
|
318
|
4.3
|
17.1
|
12.2
|
*Results from the
Macassa mine use a capping factor ranging from 68.6 g/t to 445.7
g/t gold depending on the zone. Results from AK use a capping
factor of 70 g/t gold.
|
Pump North, Tiriganiaq, Wesmeg and Wesmeg North deposits at
Meliadine
Drill hole
|
Deposit
|
Lode / zone
|
From
(metres)
|
To
(metres)
|
Depth of
midpoint
below
surface
(metres)
|
Estimated
true width
(metres)
|
Gold grade
(g/t)
(uncapped)
|
Gold
grade
(g/t)
(capped)*
|
M23-3577A
|
Pump North
|
3430
|
408.1
|
411.9
|
361
|
3.6
|
16.1
|
16.1
|
and
|
Pump North
|
3425
|
435.3
|
439.8
|
383
|
4.3
|
10.8
|
10.8
|
M23-3580
|
Pump North
|
3510
|
492.6
|
499.0
|
437
|
5.8
|
5.0
|
5.0
|
and
|
Pump North
|
3430
|
516.3
|
521.8
|
455
|
5.1
|
4.7
|
4.7
|
M23-3595
|
Pump North
|
3520
|
340.5
|
345.1
|
305
|
3.9
|
12.1
|
10.7
|
M23-3596
|
Pump North
|
3510
|
241.1
|
246.2
|
210
|
4.9
|
10.8
|
10.8
|
and
|
Pump North
|
3435
|
253.5
|
260.5
|
220
|
6.7
|
4.5
|
4.5
|
including
|
|
|
253.5
|
256.9
|
220
|
3.3
|
8.3
|
8.3
|
M23-3615
|
Tiriganiaq
|
1025
|
197.0
|
204.8
|
160
|
7.0
|
9.0
|
9.0
|
M23-3760
|
Tiriganiaq
|
1050
|
323.0
|
327.0
|
299
|
3.0
|
6.0
|
6.0
|
ML425-9563-D3
|
Tiriganiaq
|
1360
|
156
|
160.0
|
468
|
3.7
|
20.2
|
8.3
|
ML425-9563-D21
|
Tiriganiaq
|
1000
|
341
|
344.5
|
757
|
3.1
|
11.4
|
11.4
|
ML425-9740-D29
|
Tiriganiaq
|
1000
|
363.2
|
367.6
|
455
|
3.6
|
13.4
|
13.4
|
M23-3651
|
Wesmeg
|
600
|
420.5
|
430.8
|
372
|
9.3
|
6.5
|
6.5
|
M23-3659
|
Wesmeg
|
650
|
375.6
|
380.0
|
351
|
3.7
|
9.4
|
9.4
|
ML300-10340-D2
|
Wesmeg
|
625
|
328.0
|
332.0
|
494
|
3.9
|
13.1
|
11.4
|
ML400-10200-F1
|
Wesmeg
|
650
|
308.4
|
312.4
|
396
|
3.7
|
15.4
|
15.4
|
and
|
Wesmeg
|
625
|
339.6
|
343.1
|
402
|
3.3
|
12.6
|
12.6
|
M23-3655
|
Wesmeg North
|
953
|
75.8
|
80.2
|
63
|
3.8
|
12.2
|
5.2
|
ML250-9325-U3
|
Wesmeg North
|
947
|
54.8
|
59.3
|
206
|
2.9
|
261.3
|
23.3
|
ML300-10340-D1
|
Wesmeg North
|
972
|
262.8
|
272.0
|
519
|
7.9
|
9.9
|
7.5
|
ML300-10340-D4
|
Wesmeg North
|
972
|
222.1
|
235.1
|
467
|
11.7
|
6.1
|
6.1
|
including
|
|
|
223.6
|
228.5
|
465
|
4.4
|
11.2
|
11.2
|
ML300-10340-D6
|
Wesmeg North
|
973
|
32.9
|
38.7
|
303
|
5.3
|
462.3
|
11.1
|
ML500-8994-D5
|
Wesmeg North
|
912
|
82.6
|
88.5
|
545
|
5.2
|
8.1
|
8.1
|
and
|
Wesmeg North
|
930
|
91.0
|
98.4
|
553
|
6.5
|
6.5
|
6.5
|
including
|
|
|
91.0
|
96.6
|
553
|
4.9
|
7.9
|
7.9
|
*Results from Meliadine
use a capping factor ranging from 20 g/t to 90 g/t gold depending
on the zone.
|
Whale Tail and IVR deposits at Amaruq
Drill hole
|
Deposit
|
From
(metres)
|
To
(metres)
|
Depth of
midpoint
below
surface
(metres)
|
Estimated
true width
(metres)
|
Gold grade
(g/t)
(uncapped)
|
Gold grade
(g/t)
(capped)*
|
AMQ22-2902
|
Whale Tail
|
123.7
|
127.7
|
95
|
3.9
|
49.5
|
23.1
|
AMQ22-2911
|
Whale Tail
|
99.0
|
112.0
|
90
|
11.2
|
5.1
|
5.1
|
AMQ23-2946A
|
Whale Tail
|
585.5
|
596.7
|
552
|
7.1
|
8.4
|
8.4
|
AMQ23-2949
|
Whale Tail
|
567.0
|
575.3
|
491
|
5.5
|
25.3
|
17.5
|
AMQ23-2960A
|
Whale Tail
|
600.5
|
606.3
|
562
|
2.6
|
5.3
|
5.3
|
AMQ23-2960A
|
Whale Tail
|
705.5
|
715.0
|
662
|
6.1
|
6.9
|
6.9
|
AMQ23-2978
|
Whale Tail
|
76.5
|
88.0
|
61
|
10.8
|
7.1
|
7.1
|
AMQ23-3023
|
Whale Tail
|
91.2
|
103.5
|
77
|
8.7
|
6.8
|
6.8
|
AMQ23-3034
|
Whale Tail
|
641.1
|
650.0
|
503
|
6.8
|
3.8
|
3.8
|
AMQ23-3043B
|
Whale Tail
|
700.7
|
707.9
|
595
|
6.7
|
4.9
|
4.9
|
AMQ23-3046
|
Whale Tail
|
638.2
|
642.0
|
554
|
2.4
|
7.4
|
7.4
|
AMQ-350-006
|
Whale Tail
|
160.4
|
175.5
|
485
|
9.0
|
6.8
|
5.5
|
including
|
Whale Tail
|
167.4
|
175.5
|
491
|
4.8
|
11.7
|
9.4
|
AMQ23-3062
|
IVR
|
993.2
|
1012.4
|
901
|
17.4
|
5.1
|
5.1
|
including
|
IVR
|
1001.1
|
1004.6
|
901
|
3.2
|
10.0
|
10.0
|
AMQ23-3064A
|
IVR
|
1054.8
|
1061.6
|
967
|
5.2
|
6.3
|
6.3
|
including
|
IVR
|
1054.8
|
1058.2
|
966
|
2.6
|
11.0
|
11.0
|
and
|
IVR
|
1067.0
|
1076.1
|
979
|
6.4
|
17.2
|
11.3
|
and
|
IVR
|
1098.7
|
1125.7
|
1013
|
9.2
|
7.5
|
4.4
|
*Results from Amaruq
mine use capping factors ranging from 10 g/t to 100 g/t gold
depending on the zone.
|
Madrid deposits at Hope
Bay
Drill hole
|
Zone
|
From
(metres)
|
To
(metres)
|
Depth of
midpoint
below
surface
(metres)
|
Estimated
true width
(metres)
|
Gold grade
(g/t)
(uncapped)
|
Gold grade
(g/t)
(capped)*
|
HBM23-074
|
Madrid North /
Naartok
|
1,012.0
|
1,015.0
|
706
|
3.0
|
12.1
|
12.1
|
HBM23-075
|
undefined
|
377.0
|
377.9
|
242
|
0.5
|
54.2
|
50.0
|
HBM23-080
|
Patch 7
|
538.0
|
545.9
|
423
|
6.9
|
5.4
|
5.4
|
including
|
|
538.9
|
539.9
|
423
|
0.9
|
13.8
|
13.8
|
HBM23-085
|
Patch 7
|
413.6
|
431.0
|
326
|
15.8
|
4.6
|
4.6
|
including
|
|
421.0
|
424.0
|
326
|
2.0
|
8.6
|
8.6
|
HBM23-092
|
Patch 7
|
213.7
|
225.6
|
120
|
9.1
|
5.1
|
5.1
|
HBM23-097A
|
Patch 7
|
438.0
|
451.8
|
294
|
12.0
|
4.8
|
4.8
|
HBM23-108
|
Patch 7
|
525.7
|
529.9
|
387
|
3.0
|
30.9
|
22.5
|
and
|
Patch 7
|
690.4
|
699.1
|
515
|
7.5
|
7.1
|
7.1
|
including
|
|
694.0
|
696.0
|
515
|
1.7
|
16.5
|
16.5
|
HBM23-109**
|
Patch 7
|
734.0
|
740.5
|
609
|
4.6
|
15.9
|
15.9
|
HBM23-119
|
Patch 7
|
888.2
|
891.5
|
568
|
1.4
|
35.4
|
33.7
|
HBM23-120
|
Patch 7
|
797.8
|
802.9
|
618
|
4.4
|
7.6
|
7.6
|
HBM23-132
|
Patch 7
|
675.0
|
682.3
|
460
|
4.4
|
5.0
|
5.0
|
including
|
|
677.3
|
682.3
|
460
|
3.0
|
5.8
|
5.8
|
and
|
Patch 7
|
774.0
|
778.0
|
530
|
2.3
|
5.9
|
5.9
|
HBM23-134
|
Patch 7
|
1,029.0
|
1,038.0
|
632
|
6.4
|
5.4
|
5.4
|
including
|
|
1,033.2
|
1,037.5
|
632
|
3.0
|
8.8
|
8.8
|
HBM23-140
|
Suluk
|
874.4
|
880.0
|
677
|
4.6
|
26.3
|
12.7
|
including
|
|
875.3
|
876.3
|
677
|
0.8
|
126.0
|
50.0
|
HBM23-143
|
Patch 7
|
560.4
|
594.0
|
385
|
28.6
|
17.6
|
16.3
|
including
|
|
560.4
|
587.2
|
385
|
22.8
|
20.8
|
19.1
|
*Results from
Madrid-area deposits at Hope Bay use a capping factor of 50 g/t
gold.
|
**Previously
released.
|
|
Fosterville
Drill hole
|
Zone
|
From
(metres)
|
To
(metres)
|
Depth of
midpoint
below surface
(metres)
|
Estimated
true width
(metres)
|
Gold grade
(g/t)
(uncapped)*
|
RHD520
|
Hoffman
|
737.5
|
744.4
|
555
|
6.5
|
5.5
|
UDH4490
|
Hoffman
|
149.1
|
158.9
|
639
|
9.7
|
5.2
|
UDR047
|
Hoffman
|
416.6
|
428.0
|
574
|
6.0
|
5.0
|
UDH4580A
|
Wu
|
228.5
|
230.5
|
636
|
2.0
|
301.4
|
UDH4631
|
Curie
|
292.6
|
297.6
|
837
|
4.9
|
11.3
|
UDH4683
|
Pen
|
374.5
|
376.9
|
1,592
|
2.4
|
10.7
|
UDH4723
|
Cardinal
|
295.5
|
296.5
|
1,698
|
1.0
|
290.3
|
UDH4724F
|
Cardinal
|
314.8
|
320.4
|
1,734
|
4.6
|
32.6
|
UDH4727A
|
Swan
|
433.6
|
436.2
|
1,862
|
2.4
|
8.1
|
UDH4729B
|
Cardinal
|
347.3
|
351.8
|
1,773
|
3.7
|
69.1
|
including
|
Cardinal
|
347.3
|
349.8
|
1,772
|
2.1
|
120.0
|
UDH4761
|
Cardinal
|
386.8
|
398.9
|
1,828
|
10.0
|
10.8
|
UDH4766A
|
Curie
|
413.7
|
424.1
|
545
|
9.2
|
6.4
|
UDH4767A
|
Curie
|
397.3
|
415.5
|
524
|
11.7
|
6.2
|
UDH4767B
|
Curie
|
451.5
|
458.0
|
517
|
5.4
|
9.1
|
UDH4779
|
Wu
|
216.3
|
223.7
|
868
|
6.9
|
8.3
|
UDH4781D
|
Pen
|
410.9
|
417.0
|
1,698
|
6.1
|
6.2
|
UDH4782A
|
Pen
|
390.7
|
392.7
|
1,631
|
2.0
|
21.7
|
UDH4807
|
Curie
|
371.2
|
384.1
|
566
|
10.6
|
6.7
|
UDH4834
|
Curie
|
89.1
|
95.6
|
566
|
5.6
|
149.6
|
UDH4859
|
Peregrine
|
229.0
|
239.1
|
1,166
|
8.3
|
17.3
|
*Results from the
Fosterville mine are uncapped.
|
Recent selected exploration drill results from Main, Sisar
and East zones at Kittila
Drill hole
|
Zone / Area
|
From
(metres)
|
To
(metres)
|
Depth of
midpoint below
surface (metres)
|
Estimated
true width
(metres)
|
Gold grade
(g/t)
(uncapped)*
|
RIE23-618
|
Main Rimpi
|
180.2
|
195.3
|
1,089
|
7.1
|
3.1
|
RIE23-619
|
Main Rimpi
|
127.9
|
135.6
|
1,110
|
5.8
|
4.4
|
RIE23-630
|
Main Rimpi
|
430.4
|
436.0
|
1,059
|
4.7
|
5.1
|
ROD23-700D
|
Main Roura
|
163.6
|
179.0
|
1,154
|
4.2
|
7.8
|
and
|
Main Roura
|
189.0
|
216.0
|
1,181
|
3.3
|
3.4
|
RUG23-515
|
Sisar
Central
|
236.0
|
262.0
|
1,133
|
19.8
|
7.0
|
including
|
|
236.0
|
246.4
|
1,130
|
7.8
|
12.8
|
including
|
|
236.0
|
241.5
|
1,129
|
4.1
|
18.8
|
RUG23-527
|
Sisar Top
|
134.0
|
138.5
|
970
|
3.8
|
6.3
|
SUU23-001
|
Suuri East
|
168.9
|
171.7
|
158
|
2.7
|
4.3
|
SUU23-004**
|
Suuri East
|
221.1
|
231.6
|
208
|
9.9
|
11.8
|
including
|
|
221.1
|
226.2
|
206
|
4.8
|
18.2
|
SUU23-008
|
Suuri East
|
277.5
|
285.4
|
204
|
7.8
|
11.5
|
including
|
|
281.0
|
284.7
|
205
|
3.7
|
20.5
|
SUU23-606
|
Main Suuri
|
90.0
|
98.8
|
506
|
5.9
|
10.0
|
SUU23-700C
|
Main Suuri
|
529.0
|
539.0
|
935
|
3.8
|
3.4
|
* Results from the
Kittila mine are uncapped.
|
** Previously released
in news release dated October 25, 2023.
|
Pinos Altos Deep project at Pinos
Altos
Drill hole
|
From (m)
|
To
(m)
|
Depth of midpoint
below surface
(m)
|
Estimated
true width (m)
|
Gold grade
(g/t) (uncapped)
|
Gold grade
(g/t) (capped)*
|
Silver grade
(g/t) (uncapped)
|
Silver grade
(g/t) (capped)*
|
US23-299
|
86.4
|
94.0
|
254
|
6.9
|
4.9
|
4.9
|
228
|
193
|
*Results from the Pinos
Altos Deep project at Pinos Altos mine use a capping factor of 10
g/t gold and 200 g/t silver.
|
EXPLORATION DRILL COLLAR COORDINATES
Drill hole
|
UTM East*
|
UTM North*
|
Elevation
(metres above
sea level)
|
Azimuth
(degrees)
|
Dip
(degrees)
|
Length (metres)
|
LaRonde
|
BZ-2023-007
|
686850
|
5346926
|
310
|
27
|
-59
|
969
|
BZ-2023-007A
|
686850
|
5346926
|
310
|
27
|
-59
|
984
|
BZ-2022-026
|
686853
|
5346929
|
310
|
14
|
-68
|
1,119
|
Goldex
|
GD27-053
|
5330643
|
286120
|
74
|
315
|
-33
|
770
|
GD27-056
|
5330643
|
286120
|
74
|
307
|
-30
|
879
|
GD27-063
|
5330550
|
286169
|
78
|
314
|
-42
|
855
|
Odyssey mine
|
MEV23-269
|
718113
|
5334737
|
308
|
212
|
-46
|
617
|
MEV23-275RR
|
718114
|
5334738
|
308
|
202
|
-60
|
720
|
MEV23-281
|
718114
|
5334738
|
308
|
218
|
-62
|
745
|
MEV23-293
|
717593
|
5333787
|
346
|
356
|
-46
|
826
|
MEX22-251RWZ
|
717440
|
5334731
|
309
|
180
|
-73
|
1,951
|
MEX23-285
|
719131
|
5333940
|
334
|
193
|
-73
|
1,500
|
MEX23-289
|
718764
|
5333640
|
325
|
150
|
-48
|
810
|
MEX23-300
|
717932
|
5333791
|
349
|
154
|
-80
|
1,476
|
MEX23-304
|
716873
|
5334696
|
316
|
176
|
-72
|
1,650
|
MEX23-304Z
|
716873
|
5334696
|
316
|
176
|
-72
|
2,235
|
MEX23-305Z
|
718665
|
5334762
|
307
|
171
|
-58
|
2,238
|
MEX23-306
|
717930
|
5333792
|
351
|
162
|
-69
|
1,203
|
UGOD-016-176
|
718093
|
5334095
|
109
|
29
|
-52
|
360
|
UGOD-016-188
|
718093
|
5334095
|
108
|
6
|
-32
|
345
|
UGOD-016-190
|
718092
|
5334095
|
109
|
355
|
-27
|
349
|
UGOD-016-198
|
718093
|
5334095
|
108
|
343
|
-27
|
351
|
UGOD-016-199
|
718093
|
5334095
|
108
|
344
|
-32
|
390
|
UGOD-036-002
|
718297
|
5334457
|
-49
|
233
|
-19
|
324
|
UGOD-036-003
|
718297
|
5334457
|
-49
|
233
|
-33
|
354
|
Wasamac
|
FS23-129
|
630342
|
5340682
|
302
|
208
|
-63
|
474
|
WS23-634
|
635341
|
5342130
|
300
|
189
|
-68
|
639
|
WS23-653
|
634200
|
5340676
|
302
|
325
|
-48
|
513
|
WS23-661
|
633974
|
5340851
|
305
|
120
|
-50
|
276
|
WS23-663
|
634930
|
5342212
|
296
|
168
|
-69
|
705
|
WS23-666
|
634929
|
5342203
|
295
|
179
|
-71
|
696
|
Detour Lake
|
DLM23-727W
|
585755
|
5542265
|
291
|
186
|
-70
|
1,099
|
DLM-23-730W
|
588487
|
5541631
|
287
|
179
|
-56
|
921
|
DLM-23-733A
|
586562
|
5541903
|
292
|
181
|
-68
|
1,002
|
DLM-23-735
|
587048
|
5541650
|
292
|
177
|
-62
|
402
|
DLM-23-745
|
586807
|
5541699
|
292
|
176
|
-65
|
750
|
DLM-23-747
|
584911
|
5542490
|
294
|
186
|
-65
|
1,281
|
DLM-23-757
|
588406
|
5541686
|
288
|
180
|
-51
|
852
|
DLM-23-763A
|
586001
|
5542167
|
294
|
187
|
-66
|
1,017
|
DLM-23-767
|
586565
|
5541811
|
288
|
179
|
-67
|
804
|
DLM-23-773
|
585251
|
5542447
|
292
|
191
|
-57
|
1,260
|
DLM-23-774A
|
586798
|
5542340
|
297
|
187
|
-68
|
1,401
|
DLM-23-775
|
586966
|
5541687
|
294
|
177
|
-64
|
923
|
DLM-23-779
|
585513
|
5542400
|
292
|
189
|
-64
|
1,148
|
DLM-23-783
|
584993
|
5542320
|
292
|
186
|
-62
|
1,144
|
Macassa
|
53-4782
|
570496
|
5332202
|
-1,257
|
310
|
-33
|
457
|
53-4813A
|
570532
|
5332235
|
-1,257
|
303
|
-51
|
381
|
57-1394
|
568634
|
5331208
|
-1,405
|
332
|
-27
|
229
|
57-1417
|
568634
|
5331208
|
-1,405
|
330
|
-15
|
302
|
57-1442
|
568508
|
5331128
|
-1,404
|
341
|
-45
|
290
|
57-1445
|
568592
|
5331180
|
-1,406
|
315
|
-75
|
280
|
57-1460
|
568508
|
5331127
|
-1,404
|
351
|
-73
|
290
|
57-1465A
|
568507
|
5331128
|
-1,404
|
329
|
-56
|
290
|
58-892
|
569895
|
5332098
|
-1,517
|
341
|
-53
|
366
|
58-894
|
569895
|
5332098
|
-1,517
|
354
|
-57
|
411
|
58-920
|
569830
|
5332122
|
-1,510
|
4
|
-51
|
290
|
KLAK-239
|
570185
|
5331352
|
49
|
157
|
6
|
165
|
KLAK-242
|
570185
|
5331352
|
48
|
166
|
-12
|
165
|
KLAK-245
|
570185
|
5331352
|
48
|
171
|
-27
|
174
|
KLAK-249
|
570184
|
5331352
|
47
|
172
|
-40
|
244
|
KLAK-261
|
570236
|
5331387
|
41
|
166
|
-13
|
198
|
Meliadine
|
M23-3577A
|
540061
|
6987388
|
10062
|
205
|
-68
|
683
|
M23-3580
|
539974
|
6987573
|
10062
|
217
|
-68
|
802
|
M23-3595
|
539927
|
6987395
|
10062
|
202
|
-65
|
426
|
M23-3596
|
540033
|
6987232
|
10062
|
202
|
-65
|
327
|
M23-3615
|
540945
|
6988519
|
66
|
182
|
-61
|
222
|
M23-3760
|
541085
|
6988595
|
10061
|
152
|
-76
|
430
|
ML425-9563-D3
|
539563
|
6988914
|
-406
|
202
|
-25
|
340
|
ML425-9563-D21
|
539563
|
6988914
|
-406
|
221
|
-64
|
402
|
ML425-9740-D29
|
539732
|
6988907
|
-393
|
130
|
-48
|
425
|
M23-3651
|
540416
|
6988218
|
66
|
150
|
-68
|
501
|
M23-3659
|
540325
|
6988260
|
68
|
189
|
-78
|
501
|
ML300-10340-D2
|
540339
|
6988412
|
-213
|
159
|
-44
|
416
|
ML400-10200-F1
|
540213
|
6988459
|
-317
|
155
|
5
|
411
|
M23-3655
|
540415
|
6988218
|
60
|
166
|
-61
|
450
|
ML250-9325-U3
|
539326
|
6988357
|
-163
|
157
|
21
|
120
|
ML300-10340-D1
|
540339
|
6988412
|
9787
|
169
|
-71
|
470
|
ML300-10340-D4
|
540339
|
6988412
|
-213
|
157
|
-59
|
429
|
ML300-10340-D6
|
540339
|
6988412
|
9787
|
147
|
-53
|
450
|
ML500-8994-D5
|
538994
|
6988497
|
-413
|
144
|
-56
|
126
|
Meadowbank
|
AMQ22-2902
|
606183
|
7255178
|
157
|
184
|
-51
|
168
|
AMQ22-2911
|
606025
|
7255091
|
158
|
144
|
-60
|
158
|
AMQ23-2946A
|
607423
|
7255666
|
163
|
336
|
-70
|
765
|
AMQ23-2949
|
607321
|
7255574
|
161
|
315
|
-62
|
639
|
AMQ23-2960A
|
607424
|
7255666
|
163
|
353
|
-72
|
762
|
AMQ23-2978
|
605670
|
7255055
|
152
|
158
|
-50
|
183
|
AMQ23-3023
|
606012
|
7255076
|
158
|
190
|
-56
|
120
|
AMQ23-3034
|
606379
|
7255680
|
164
|
150
|
-52
|
672
|
AMQ23-3043B
|
606266
|
7255618
|
171
|
151
|
-61
|
728
|
AMQ23-3046
|
606377
|
7255678
|
164
|
136
|
-63
|
819
|
AMQ-350-006
|
606993
|
7255569
|
-179
|
329
|
-67
|
263
|
AMQ23-3062
|
607964
|
7255950
|
164
|
319
|
-72
|
1,069
|
AMQ23-3064A
|
607963
|
7255947
|
165
|
289
|
-74
|
1,164
|
Hope Bay
|
HBM23-074
|
434030
|
7551358
|
26
|
254
|
-55
|
1,119
|
HBM23-075
|
434251
|
7548686
|
50
|
71
|
-60
|
1,206
|
HBM23-080
|
435172
|
7547914
|
26
|
83
|
-67
|
668
|
HBM23-085
|
435194
|
7548007
|
26
|
86
|
-73
|
617
|
HBM23-092
|
435255
|
7547861
|
27
|
75
|
-55
|
480
|
HBM23-097A
|
435210
|
7547932
|
26
|
76
|
-59
|
564
|
HBM23-108
|
435013
|
7547841
|
37
|
82
|
-67
|
846
|
HBM23-109
|
434896
|
7547948
|
33
|
65
|
-72
|
987
|
HBM23-119
|
434253
|
7548620
|
48
|
73
|
-54
|
1,356
|
HBM23-120
|
434747
|
7548286
|
32
|
63
|
-65
|
999
|
HBM23-132
|
435939
|
7547823
|
34
|
246
|
-53
|
949
|
HBM23-134
|
434251
|
7548686
|
50
|
70
|
-50.2
|
1,168
|
HBM23-140
|
434321
|
7549059
|
55
|
65
|
-62.1
|
1,185
|
HBM23-143
|
434835
|
7548158
|
33
|
79
|
-54.5
|
855
|
Fosterville
|
RHD520
|
2,995
|
11,363
|
5,155
|
58
|
-60
|
782
|
UDH4490
|
2,903
|
12,379
|
4,521
|
65
|
-42
|
185
|
UDR047
|
3,025
|
11,316
|
4,670
|
62
|
-18
|
498
|
UDH4580A
|
2,907
|
12,318
|
4,524
|
98
|
-69
|
375
|
UDH4631
|
2,978
|
12,054
|
4,556
|
55
|
-55
|
334
|
UDH4683
|
1,489
|
5,753
|
3,818
|
44
|
-48
|
386
|
UDH4723
|
1,547
|
5,133
|
3,719
|
59
|
-64
|
368
|
UDH4724F
|
1,547
|
5,132
|
3,719
|
74
|
-70
|
389
|
UDH4727A
|
1,547
|
5,133
|
3,719
|
66
|
-77
|
462
|
UDH4729B
|
1,547
|
5,131
|
3,719
|
104
|
-73
|
419
|
UDH4761
|
1,544
|
5,071
|
3,710
|
102
|
-75
|
465
|
UDH4766A
|
2,999
|
11,761
|
4,603
|
54
|
1
|
470
|
UDH4767A
|
2,999
|
11,761
|
4,603
|
47
|
1
|
461
|
UDH4767B
|
2,999
|
11,761
|
4,603
|
47
|
1
|
464
|
UDH4779
|
2,937
|
12,241
|
4,500
|
53
|
-72
|
236
|
UDH4781D
|
1,489
|
5,753
|
3,818
|
62
|
-62
|
423
|
UDH4782A
|
1,487
|
5,753
|
3,818
|
71
|
-54
|
395
|
UDH4807
|
2,999
|
11,760
|
4,603
|
66
|
-3
|
420
|
UDH4834
|
3,260
|
12,505
|
4,561
|
220
|
21
|
124
|
UDH4859
|
1,581
|
6,140
|
4,041
|
118
|
-15
|
260
|
Kittila
|
RIE23-618
|
2558692
|
7539405
|
-866
|
27
|
0
|
315
|
RIE23-619
|
2558692
|
7539405
|
-867
|
55
|
-10
|
600
|
RIE23-630
|
2558639
|
7539599
|
-710
|
75
|
-20
|
582
|
ROD23-700D
|
2558703
|
7537464
|
-786
|
90
|
-60
|
918
|
RUG23-515
|
2558697
|
7537320
|
-787
|
84
|
-35
|
281
|
RUG23-527
|
2558775
|
7537865
|
-725
|
66
|
-11
|
151
|
SUU23-001
|
2558898
|
7536854
|
208
|
270
|
-59
|
282
|
SUU23-004
|
2558935
|
7536649
|
207
|
267
|
-60
|
330
|
SUU23-008
|
2559042
|
7536579
|
206
|
269
|
-46
|
395
|
SUU23-606
|
2558532
|
7536222
|
-241
|
60
|
-31
|
458
|
SUU23-700C
|
2558513
|
7536218
|
-241
|
90
|
-65
|
1,023
|
Pinos Altos
|
US23-299
|
765353
|
3129882
|
1,966
|
180
|
-43
|
141
|
*Coordinate Systems:
NAD 1983 UTM Zone 18N for Goldex; NAD 83 UTM Zone 17N for Odyssey,
LaRonde and Wasamac; NAD 1983 UTM Zone 17N for Detour Lake, Macassa
and AK; NAD 1983 UTM Zone 14N for Meliadine and Meadowbank; NAD
1983 UTM Zone 13N for Hope Bay; Mine grid including elevation for
Fosterville, which is located in MGA94 Zone 55; Finnish Coordinate
System KKJ Zone 2 for Kittila; and UTM NAD 27 for Pinos
Altos.
|
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SOURCE Agnico Eagle Mines Limited