AGNICO EAGLE PROVIDES AN UPDATE ON 2024 EXPLORATION RESULTS AND 2025 EXPLORATION PLANS - MINERAL RESERVES INCREASE 1% YEAR-OVER-YEAR TO 54.3 MOZ; UPDATED MINERAL RESERVES OF 2.8 MOZ DECLARED AT UPPER BEAVER; INFERRED MINERAL RESOURCES INCREASE 9%
Agnico Eagle Mines (NYSE: AEM) reported significant exploration results and mineral reserve updates for 2024. The company's gold mineral reserves increased by 0.9% to 54.3 million ounces (1,277 million tonnes grading 1.32 g/t gold), while inferred mineral resources grew by 9.5% to 36.2 million ounces.
Key highlights include new mineral reserves of 2.77 million ounces at Upper Beaver and 1.38 million ounces at Wasamac. The Detour Lake underground project showed promising results with indicated mineral resources reaching 1.87 million ounces. The Odyssey mine's East Gouldie deposit saw a 37% increase in inferred resources to 4.6 million ounces.
For 2025, the company plans to spend $290-310 million on exploration and $215-235 million on project expenses and development. The exploration focus remains on extending mine life at existing operations and advancing key value driver projects.
Agnico Eagle Mines (NYSE: AEM) ha riportato risultati significativi per l'esplorazione e aggiornamenti delle riserve minerarie per il 2024. Le riserve minerarie d'oro dell'azienda sono aumentate dello 0,9% a 54,3 milioni di once (1.277 milioni di tonnellate con una gradazione di 1,32 g/t d'oro), mentre le risorse minerarie inferite sono cresciute del 9,5% a 36,2 milioni di once.
I punti salienti includono nuove riserve minerarie di 2,77 milioni di once a Upper Beaver e 1,38 milioni di once a Wasamac. Il progetto sotterraneo di Detour Lake ha mostrato risultati promettenti con risorse minerarie indicate che hanno raggiunto 1,87 milioni di once. Il deposito East Gouldie della miniera Odyssey ha visto un aumento del 37% delle risorse inferite a 4,6 milioni di once.
Per il 2025, l'azienda prevede di spendere $290-310 milioni per l'esplorazione e $215-235 milioni per le spese di progetto e sviluppo. L'attenzione dell'esplorazione rimane sull'estensione della vita mineraria nelle operazioni esistenti e sull'avanzamento di progetti chiave che generano valore.
Agnico Eagle Mines (NYSE: AEM) reportó resultados significativos de exploración y actualizaciones de reservas minerales para 2024. Las reservas minerales de oro de la empresa aumentaron un 0.9% a 54.3 millones de onzas (1,277 millones de toneladas con una ley de 1.32 g/t de oro), mientras que los recursos minerales inferidos crecieron un 9.5% a 36.2 millones de onzas.
Los aspectos destacados incluyen nuevas reservas minerales de 2.77 millones de onzas en Upper Beaver y 1.38 millones de onzas en Wasamac. El proyecto subterráneo de Detour Lake mostró resultados prometedores con recursos minerales indicados alcanzando 1.87 millones de onzas. El depósito East Gouldie de la mina Odyssey vio un aumento del 37% en los recursos inferidos a 4.6 millones de onzas.
Para 2025, la empresa planea gastar $290-310 millones en exploración y $215-235 millones en gastos de proyectos y desarrollo. El enfoque de la exploración sigue siendo la extensión de la vida útil de la mina en las operaciones existentes y el avance de proyectos clave que generan valor.
아그니코 이글 마인즈 (NYSE: AEM)는 2024년 탐사 결과와 광물 매장량 업데이트를 보고했습니다. 회사의 금 광물 매장량은 0.9% 증가하여 5430만 온스 (1277백만 톤, 금 함량 1.32 g/t)에 달하며, 추정 광물 자원은 9.5% 증가하여 3620만 온스에 달했습니다.
주요 하이라이트는 Upper Beaver에서 277만 온스의 새로운 광물 매장량과 Wasamac에서 138만 온스의 새로운 광물 매장량입니다. Detour Lake 지하 프로젝트는 지시된 광물 자원이 187만 온스에 도달하여 유망한 결과를 보였습니다. Odyssey 광산의 East Gouldie 매장지는 추정 자원이 37% 증가하여 460만 온스에 달했습니다.
2025년을 위해 회사는 탐사에 $2억 9천만~3억 1천만을 지출할 계획이며, 프로젝트 비용 및 개발에 $2억 1천5백만~2억 3천5백만을 지출할 예정입니다. 탐사의 초점은 기존 운영에서 광산 수명을 연장하고 주요 가치 창출 프로젝트를 진행하는 데 있습니다.
Agnico Eagle Mines (NYSE: AEM) a rapporté des résultats d'exploration significatifs et des mises à jour des réserves minérales pour 2024. Les réserves minérales d'or de l'entreprise ont augmenté de 0,9% pour atteindre 54,3 millions d'onces (1 277 millions de tonnes avec une teneur de 1,32 g/t d'or), tandis que les ressources minérales inférées ont augmenté de 9,5% pour atteindre 36,2 millions d'onces.
Les points forts incluent de nouvelles réserves minérales de 2,77 millions d'onces à Upper Beaver et 1,38 million d'onces à Wasamac. Le projet souterrain Detour Lake a montré des résultats prometteurs avec des ressources minérales indiquées atteignant 1,87 million d'onces. Le dépôt East Gouldie de la mine Odyssey a connu une augmentation de 37% des ressources inférées pour atteindre 4,6 millions d'onces.
Pour 2025, l'entreprise prévoit de dépenser $290-310 millions en exploration et $215-235 millions en frais de projet et développement. L'accent de l'exploration reste sur l'extension de la durée de vie des mines existantes et la promotion de projets clés créateurs de valeur.
Agnico Eagle Mines (NYSE: AEM) hat bedeutende Ergebnisse aus der Exploration und Aktualisierungen der Mineralreserven für 2024 gemeldet. Die Gold-Mineralreserven des Unternehmens stiegen um 0,9% auf 54,3 Millionen Unzen (1.277 Millionen Tonnen mit einem Gehalt von 1,32 g/t Gold), während die geschätzten Mineralressourcen um 9,5% auf 36,2 Millionen Unzen zunahmen.
Wichtige Höhepunkte sind neue Mineralreserven von 2,77 Millionen Unzen in Upper Beaver und 1,38 Millionen Unzen in Wasamac. Das unterirdische Projekt Detour Lake zeigte vielversprechende Ergebnisse, wobei die angezeigten Mineralressourcen 1,87 Millionen Unzen erreichten. Das East Gouldie-Vorkommen der Odyssey-Mine verzeichnete einen Anstieg der geschätzten Ressourcen um 37% auf 4,6 Millionen Unzen.
Für 2025 plant das Unternehmen, $290-310 Millionen für Exploration und $215-235 Millionen für Projektkosten und Entwicklung auszugeben. Der Schwerpunkt der Exploration liegt weiterhin auf der Verlängerung der Lebensdauer der bestehenden Betriebe und der Förderung wichtiger wertschöpfender Projekte.
- Gold mineral reserves increased by 0.9% to 54.3 million ounces
- Inferred mineral resources grew by 9.5% to 36.2 million ounces
- New mineral reserves declared at Upper Beaver (2.77M oz) and Wasamac (1.38M oz)
- Exploration costs reduced by 8% through optimization and innovation
- 37% increase in East Gouldie inferred resources to 4.6M oz
- Measured and indicated mineral resources decreased by 2.3% (1.0M oz)
- Ore extraction of 3.78M oz in 2024 exceeded reserve replacement at some operations
Insights
The 2024 exploration results demonstrate Agnico Eagle's successful execution of a multi-faceted growth strategy. The 1% increase in mineral reserves to 54.3Moz is particularly impressive given the challenging industry environment for reserve replacement. The company's ability to achieve this while reducing exploration costs by
Two strategic developments stand out: First, the technical evaluation at Upper Beaver yielded 2.77Moz of gold reserves, representing a significant advancement in the Kirkland Lake camp consolidation strategy. Second, the declaration of 1.38Moz reserves at Wasamac strengthens the 'fill-the-mill' strategy at Canadian Malartic, optimizing regional infrastructure utilization.
The 9% growth in inferred resources to 36.2Moz is strategically significant, particularly the successful resource conversion at Detour Lake underground and Hope Bay's Patch 7 zone. At Detour Lake, the conversion of 2.0Moz to indicated resources provides greater confidence in the underground project's viability. The initial indicated resource of 0.9Moz at Hope Bay's Patch 7 zone, grading an impressive 6.64 g/t gold, demonstrates the potential for high-grade production sources.
The 2025 exploration budget of
Stock Symbol: AEM (NYSE and TSX)
(All amounts expressed in
"I would like to commend our exploration team for their performance in 2024, which set a record in terms of safety and completed our ambitious exploration program at lower costs than planned. Through our optimization of drilling productivity and innovation efforts, we successfully reduced costs by approximately
Highlights from 2024 include:
- Gold mineral reserves increase to record level – Year-end 2024 gold mineral reserves increased by
0.9% to 54.3 million ounces of gold (1,277 million tonnes grading 1.32 grams per tonne ("g/t") gold). The year-over-year increase in mineral reserves is due to good mineral reserve replacement at LaRonde, Macassa, Meliadine, Amaruq, Odyssey, Kittila andFosterville , updated mineral reserves at Upper Beaver and the initial declaration of mineral reserves at Wasamac. At year-end 2024, measured and indicated mineral resources were 43.0 million ounces (1,167 million tonnes grading 1.14 g/t gold) and inferred mineral resources were 36.2 million ounces (451 million tonnes grading 2.49 g/t gold) - Upper Beaver – A technical evaluation was completed at Upper Beaver during the fourth quarter of 2024, bringing the mineral reserves to 2.77 million ounces of gold and 54,930 tonnes of copper (23.2 million tonnes grading 3.71 g/t gold and
0.24% copper) at December 31, 2024 - Detour Lake – The Company's exploration program continued to attempt to de-risk the Detour Lake underground project in the western plunge of the main orebody hosting the producing open pits. Conversion drilling continues to increase underground indicated mineral resources, reaching 1.87 million ounces of gold (27.7 million tonnes grading 2.10 g/t gold) at year end. Underground inferred mineral resources continued to grow in 2024 below and to the west of the open pit, and totalled 3.68 million ounces of gold (59.3 million tonnes grading 1.93 g/t gold) at year end. The preparatory groundwork for the exploration ramp is progressing on schedule. Surface diamond drilling is expected to continue mineral resource conversion in 2025 and the drill program will be augmented by underground drilling from new underground drill stations as they become available
- Odyssey – Successful exploration over the past year has continued to extend the limits of the East Gouldie inferred mineral resource laterally to the west and to the east. Recent drilling continues to grow mineralization in the recently discovered Eclipse zone, between the East Gouldie deposit and the Odyssey South zone, within close proximity to the planned underground infrastructure. Diamond drilling will continue in 2025 with over 20 drill rigs active on surface and underground to further assess the full potential of the Odyssey mine area and throughout the Canadian Malartic property package. Inferred mineral resources increased by
37% (1.2 million ounces of gold) year over year at the East Gouldie deposit to 4.6 million ounces of gold (61.2 million tonnes grading 2.32 g/t gold). The Odyssey mine now hosts a total of 5.55 million ounces of gold in proven and probable mineral reserves (52.6 million tonnes grading 3.28 g/t gold), 3.2 million ounce of gold in measured and indicated mineral resources (52.9 million tonnes grading 1.90 g/t gold) and 9.7 million ounces of gold in inferred mineral resources (138.8 million tonnes grading 2.18 g/t gold) - Wasamac – As part of the "fill-the-mill" strategy at Canadian Malartic, a technical evaluation was completed at Wasamac during the fourth quarter of 2024 that resulted in updated mineral reserves of 1.38 million ounces of gold (14.8 million tonnes grading 2.9 g/t gold) at December 31, 2024. This is the first declaration of mineral reserves by the Company at Wasamac since its acquisition from Yamana Gold Inc. in 2023
- Hope Bay – Exploration drilling in 2024 totalled more than 119,000 metres and focused mainly on mineral resource expansion and conversion of the
Madrid deposit following the strong drilling intercepts obtained at the Patch 7 zone during the fourth quarter of 2023. Results from 2024 are being integrated into the technical evaluation of Hope Bay, which is expected to be completed by year-end 2026. Successful drilling in 2024 following the discovery of high-grade mineralization in the Patch 7 zone has led to a significant increase in indicated mineral resources and inferred mineral resources. An initial indicated mineral resource estimate was declared as at December 31, 2024 for Patch 7 of 0.9 million ounces of gold (4.3 million tonnes grading 6.64 g/t gold) while the inferred mineral resources have grown to 0.8 million ounces of gold (4.4 million tonnes grading 5.40 g/t gold). In 2025 exploration will continue to test theMadrid deposit including the Patch 7 zone to expand and upgrade mineral resources - Exploration guidance – In 2025, the Company expects to spend between
$290 million $310 million $215 million $235 million
GOLD MINERAL RESERVES
At December 31, 2024, the Company's proven and probable mineral reserve estimate totalled 54.3 million ounces of gold (1,277 million tonnes grading 1.32 g/t gold). This represents a
The increase in mineral reserves at December 31, 2024 is the result of the replacement of 1.5 million ounces of gold from operating assets. In particular:
Some pipeline projects also significantly contributed to the global mineral reserve increase. At Upper Beaver, the completion of a technical evaluation during the fourth quarter of 2024, following the positive preliminary economic assessment completed in June 2024 (see the news release dated July 31, 2024), resulted in new mineral reserves containing a total of 2.77 million ounce of gold. The year-over-year new mineral reserve addition at Upper Beaver represents 1.37 million ounces of gold. At Wasamac, initial mineral reserves of 1.38 million ounces of gold were declared in December 2024. The progress in mineral reserve development at Upper Beaver and Wasamac is the result of efforts by the Company to leverage regional synergies following the recent transactions to consolidate the
Mineral reserves were calculated using a gold price of
The ore extracted from the Company's mines in 2024 contained 3.78 million ounces of gold in-situ (64.9 million tonnes grading 1.81 g/t gold).
The Company's gold mineral reserves as at December 31, 2024 are set out in the table below, and are compared with the gold mineral reserves as at December 31, 2023. 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.
Proven & Probable Gold Mineral Reserve (000s oz) | Average Mineral Reserve Gold Grade (g/t) | ||||||
Operation / Project | 2024 | 2023 | Change | 2024 | 2023 | Change | |
LaRonde mine | 2,081 | 2,244 | -163 | 6.03 | 6.40 | -0.37 | |
LaRonde Zone 5 | 659 | 636 | 23 | 2.21 | 2.20 | 0.01 | |
LaRonde Total | 2,740 | 2,880 | -140 | 4.26 | 4.51 | -0.24 | |
Canadian | 1,944 | 2,436 | -491 | 0.81 | 0.83 | -0.03 | |
Odyssey deposit | 317 | 310 | 8 | 2.27 | 2.17 | 0.10 | |
East Gouldie | 5,236 | 5,173 | 62 | 3.37 | 3.42 | -0.05 | |
Canadian Malartic Total | 7,497 | 7,919 | -421 | 1.83 | 1.73 | 0.10 | |
Goldex | 789 | 901 | -112 | 1.57 | 1.59 | -0.01 | |
Akasaba West | 138 | 143 | -5 | 0.90 | 0.89 | 0.01 | |
Wasamac | 1,377 | — | 1,377 | 2.90 | 0.00 | 2.90 | |
Detour Lake (at or above 0.5 g/t) | 15,636 | 16,594 | -958 | 0.93 | 0.93 | — | |
Detour Lake (below 0.5 g/t) | 3,415 | 3,335 | 80 | 0.39 | 0.39 | — | |
Detour Lake Total | 19,051 | 19,928 | -878 | 0.75 | 0.76 | -0.01 | |
Macassa | 1,829 | 1,954 | -125 | 10.50 | 14.45 | -3.95 | |
Macassa Near Surface | 12 | 23 | -11 | 5.31 | 5.93 | -0.62 | |
AK deposit | 233 | 160 | 73 | 4.71 | 6.69 | -1.98 | |
Macassa Total | 2,074 | 2,136 | -62 | 9.18 | 13.11 | -3.93 | |
Upper Beaver | 2,768 | 1,395 | 1,373 | 3.71 | 5.43 | -1.72 | |
Hammond Reef | 3,323 | 3,323 | — | 0.84 | 0.84 | — | |
Amaruq | 1,609 | 1,837 | -228 | 3.36 | 3.72 | -0.36 | |
Meadowbank Total | 1,609 | 1,837 | -228 | 3.36 | 3.72 | -0.36 | |
Meliadine | 3,365 | 3,467 | -102 | 5.29 | 5.91 | -0.62 | |
Hope Bay | 3,398 | 3,397 | 1 | 6.52 | 6.52 | — | |
1,650 | 1,682 | -32 | 5.37 | 6.10 | -0.73 | ||
Kittila | 3,400 | 3,584 | -184 | 4.16 | 4.14 | 0.02 | |
433 | 546 | -113 | 1.94 | 1.90 | 0.03 | ||
San Nicolás ( | 672 | 672 | — | 0.40 | 0.40 | — | |
Total Mineral Reserves | 54,284 | 53,811 | 474 | 1.32 | 1.30 | 0.02 | |
*Agnico Eagle has agreed to subscribe for a |
The Company estimates that at a gold price
GOLD MINERAL RESOURCES
At December 31, 2024, the Company's measured and indicated mineral resource estimate totalled 43.0 million ounces of gold (1,167 million tonnes grading 1.14 g/t gold). This represents a
The year-over-year decrease in measured and indicated mineral resources is primarily due to the upgrade of mineral resources at Upper Beaver and Wasamac to mineral reserves, largely offset by the successful conversion of inferred mineral resources into measured and indicated mineral resources at Detour Lake underground,
At Detour Lake, since the March 31, 2024 technical report and updated mineral reserves and mineral resources estimate, the Company has continued to successfully convert inferred mineral resources into indicated mineral resources with a substantial addition of 2.0 million ounces of gold in total indicated mineral resources (0.7 million ounces of gold from 8.3 million tonnes grading 2.79 g/t gold inside the resource pit and 1.2 million ounces of gold from 17.7 million tonnes grading 2.14 g/t gold below and to the west of the resource pit).
At Hope Bay, following exploration success in the Patch 7 zone at the
At Canadian Malartic, using the production knowledge from the open pit operation and improved confidence in the historical data, the Company reviewed and updated the mineral resources classification criteria and model in 2024 for the
At December 31, 2024, the Company's inferred mineral resource estimate totalled 36.2 million ounces of gold (451 million tonnes grading 2.49 g/t gold). This represents a
The year-over-year increase in inferred mineral resources is primarily due to exploration drilling success at Detour Lake underground, East Gouldie, Hope Bay, Meliadine,
In addition to the conversion of 1.2 million ounces of gold in underground indicated mineral resources below the Detour Lake resource pit since the March 31, 2024 technical report (see the news release dated June 19, 2024), the inferred mineral resources located below the resource pit and in the West Extension zone west of the resource pit were maintained at similar levels to the March 31, 2024 update, with 3.7 million ounces of gold (59.3 million tonnes grading 1.93 g/t gold) at year-end 2024.
The Company's gold mineral resources as at December 31, 2024 are set out in the table below.
Measured & Indicated | Inferred | ||||
Gold Mineral Resources | Gold Mineral Resources | ||||
Operation / Project | Contained Gold | Gold Grade | Contained Gold | Gold Grade | |
(000 oz) | (g/t) | (000 oz) | (g/t) | ||
LaRonde mine | 705 | 3.75 | 281 | 5.39 | |
LaRonde Zone 5 | 817 | 2.29 | 960 | 4.15 | |
LaRonde Total | 1,522 | 2.79 | 1,240 | 4.38 | |
Canadian | — | — | 129 | 0.72 | |
Odyssey deposit | 105 | 1.77 | 1,520 | 2.33 | |
2,869 | 1.95 | 3,651 | 1.98 | ||
East Gouldie | 257 | 1.52 | 4,557 | 2.32 | |
Canadian Malartic Total | 3,232 | 1.90 | 9,857 | 2.12 | |
Goldex | 1,604 | 1.64 | 885 | 1.62 | |
Akasaba West | 90 | 0.68 | — | — | |
Wasamac | 667 | 2.19 | 312 | 2.48 | |
Detour Lake | 15,259 | 0.69 | 6,605 | 1.65 | |
Detour Lake Zone 58N | 534 | 5.80 | 136 | 4.35 | |
Detour Lake Total | 15,793 | 0.71 | 6,742 | 1.67 | |
Macassa | 721 | 7.49 | 1,259 | 7.77 | |
Macassa Near Surface | 15 | 5.03 | 31 | 4.74 | |
AK deposit | 52 | 4.81 | 32 | 3.52 | |
Macassa Total | 788 | 7.16 | 1,322 | 7.44 | |
Anoki-McBean | 349 | 2.77 | 107 | 3.84 | |
Upper Beaver | 495 | 2.03 | 391 | 4.12 | |
722 | 2.15 | 1,863 | 3.11 | ||
Hammond Reef | 2,298 | 0.54 | — | — | |
Aquarius | 856 | 2.15 | 14 | 3.59 | |
Holt complex | 1,699 | 4.52 | 1,310 | 4.48 | |
Amaruq | 1,277 | 4.01 | 592 | 4.65 | |
Meliadine | 1,714 | 3.82 | 2,225 | 5.92 | |
Hope Bay | 2,143 | 4.54 | 2,312 | 5.44 | |
1,527 | 3.72 | 1,769 | 4.31 | ||
1,668 | 2.38 | 1,376 | 2.40 | ||
Kittila | 1,899 | 2.98 | 1,011 | 4.91 | |
Barsele ( | 176 | 1.27 | 1,005 | 1.98 | |
741 | 2.09 | 58 | 1.67 | ||
La | 89 | 0.52 | — | — | |
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 ( | 20 | 0.19 | 10 | 0.13 | |
563 | 0.91 | 1,433 | 2.36 | ||
Total Mineral Resources | 42,950 | 1.14 | 36,208 | 2.49 | |
*Agnico Eagle has agreed to subscribe for a |
The economic parameters used to estimate mineral reserves and mineral resources for all properties are set out below.
Assumptions used for the December 31, 2024 mineral reserve and mineral resource estimates reported by the Company
Metal Price for Mineral Reserve Estimation* | |||
Gold ($/oz) | Silver ($/oz) | Copper ($/lb) | Zinc ($/lb) |
*Exceptions: |
Metal Price for Mineral Resource Estimation* | |||
Gold ($/oz) | Silver ($/oz) | Copper ($/lb) | Zinc ($/lb) |
*Exceptions: |
Exchange Rates* | |||
C$ per | MXP per | A$ per | € per |
*Exceptions: exchange rates of |
The above metal price assumptions are all below the three-year historic averages (from January 1, 2022 to December 31, 2024) of approximately
2025 EXPLORATION GUIDANCE
In 2025, the Company's total exploration expenditures and project expenses are expected to be between
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 2025 include mineral resource conversion and expansion at the Detour Lake underground project and East Gouldie at Canadian Malartic, and advancing Hope Bay.
The Company's exploration and corporate development guidance and plans for individual mines and projects for 2025 are set out below.
2025 Exploration Program and Corporate Development Guidance | ||||||
Expensed Exploration | Capitalized Exploration* | |||||
Sustaining | Development | |||||
( | (000s m) | ( | ( | (000s m) | ||
LaRonde | $ 2,200 | 12.7 | $ 5,500 | $ — | 30.5 | |
Canadian | 15,000 | 63.0 | 2,800 | 22,300 | 153.3 | |
Goldex | 2,400 | 19.0 | 2,200 | 2,100 | 33.5 | |
7,500 | 25.0 | — | — | — | ||
Detour Lake | 3,600 | 5.5 | — | 27,500 | 163.0 | |
Macassa | — | — | 2,600 | 31,000 | 179.9 | |
16,200 | 30.8 | — | — | — | ||
Meliadine | 1,300 | 6.6 | 7,100 | 12,100 | 80.3 | |
Meadowbank | 5,800 | 8.3 | — | — | — | |
Hope Bay | 28,000 | 70.0 | — | 13,900 | 40.0 | |
8,100 | 17.5 | — | — | — | ||
16,000 | 39.8 | 800 | 9,700 | 44.5 | ||
4,900 | 10.9 | — | — | — | ||
Kittila | 4,600 | 17.0 | 3,900 | 6,900 | 66.0 | |
9,500 | 16.5 | — | — | — | ||
1,700 | 8.1 | 2,100 | — | 11.5 | ||
17,600 | 15.8 | — | — | — | ||
Other regions, joint ventures and G&A | 8,700 | — | — | — | — | |
Total Exploration Drilling | $ 153,100 | 366.5 | $ 27,000 | $ 125,500 | 802.5 | |
Upper Beaver | — | — | 87,100 | |||
Detour Lake underground | — | — | 40,500 | |||
Hope Bay | — | — | 19,900 | |||
Other project studies | 16,900 | — | — | |||
Total corporate development and technical services | 55,000 | — | — | |||
Total Exploration and Project Expenses | $ 225,000 | $ 27,000 | $ 273,000 | |||
*Capitalized exploration is a part of capital expenditures which is a non-GAAP measure that is not a standardized financial measure under IFRS. See AEM Fourth Quarter and Full Year 2024 Results News Release dated February 13, 2025 under the caption "Note Regarding Certain Measures of Performance" for a description of the composition and usefulness of this non-GAAP measure and a reconciliation to additions to property, plant and mine development as set out in the consolidated statements of cash flows. |
ABITIBI REGION –
CANADIAN
MRMR Highlights
Mineral reserves and mineral resources at the Odyssey mine continued to grow significantly in 2024, further demonstrating the high quality nature of these orebodies (East Gouldie, Odyssey and
Approximately 89,000 ounces of gold in mineral reserves were added year-over-year, net of depletion, in the Odyssey South zone and the Odyssey internal zones as the understanding of these two mineralized zones continues to improve with ongoing drilling and mine development. Mineral reserves replacement at the Odyssey mine reached
At the Canadian Malartic mine, the continued positive reconciliation observed in the open pit and improvements to the mineral reserve model contributed to the addition of 137,000 ounces of gold to mineral reserves in the open pit during 2024. As a result, the mineral reserve decreased by approximately 491,000 ounces of gold while the in-situ gold production amounted to 628,300 ounces of gold.
A review of the mineral resource classification confidence at the
Successful exploration drilling at the East Gouldie deposit resulted in a significant increase in inferred mineral resources, with 1.2 million ounces of gold added within the eastern and western extensions of the main orebody. At year-end 2024, inferred mineral resources at East Gouldie totalled 4.6 million ounces of gold (61.2 million tonnes grading 2.32 g/t gold), representing approximately
2024 Exploration Highlights
At Odyssey in 2024, exploration drilling totalled 167,198 metres, and an additional 50,370 metres of drilling dedicated to regional exploration around Canadian Malartic was also completed.
Exploration drilling at Odyssey in 2024 continued to infill the Odyssey North and Odyssey South zones and the adjacent Odyssey internal zones. The East Gouldie deposit continued to grow both westward and eastward, resulting in additional inferred mineral resources. New drill intercepts in the Eclipse zone have established continuity of the mineralization and potential for additional future mineral resource growth in an area located between the East Gouldie and Odyssey deposits.
Selected recent drill intersections from Odyssey are set out in the composite longitudinal section below and in a table in the Appendix.
[Odyssey – Composite Cross and Longitudinal Sections]
Recent drilling highlights from the Odyssey internal zones include 4.4 g/t gold over 33.9 metres (core length) at 789 metres depth in hole UGOD-054-014R and 4.5 g/t gold over 9.8 metres (core length) at 963 metres depth in hole UGOD-075-011.
Within the East Gouldie mineralized envelope, hole MEX24-316W intersected 6.7 g/t gold over 19.8 metres at 1,353 metres depth and hole MEX24-318WZ returned 5.7 g/t gold over 5.0 metres at 1,147 metres depth, extending the East Gouldie mineral resources further to the east.
The recently discovered Eclipse zone is located approximately 50 to 100 metres north of, and parallel to, the eastern portion of the East Gouldie deposit, and currently extends from approximately 1,200 metres to 1,900 metres below surface. Recent highlights from the Eclipse zone include: hole MEX23-309ZB, which intersected 3.2 g/t gold over 42.9 metres at 1,241 metres depth; and hole MEX24-316, which returned 3.0 g/t gold over 51.5 metres at 1,349 metres depth in an intersection that has been re-interpreted as part of the Eclipse zone. These results demonstrate a strong potential to add mineral resources in proximity to planned mining infrastructure.
2025 Exploration Plan and Guidance
The Company expects to spend approximately
The remaining
Following the acquisition of O3 Mining Inc. by the Company, that is expected to be completed in the first quarter of 2025, funding may also be allocated to drilling the Marban deposit, which is located immediately northeast of the Canadian Malartic property, to test the potential for future development of the Marban project as part of the Company's "fill-the-mill" strategy.
WASAMAC
Wasamac was acquired on March 31, 2023, as part of the acquisition of Yamana Gold Inc.'s Canadian assets (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
A technical evaluation was completed at Wasamac that resulted in the conversion of 1.38 million ounces of gold (14.8 million tonnes grading 2.9 g/t gold) to mineral reserves as at December 31, 2024. The project had been classified as mineral resources in December 2023 following the closing of the Yamana Transaction to allow a review of the project's assumptions and parameters as part of the "fill-the-mill" strategy at Canadian Malartic.
2025 Exploration Plan and Guidance
The Company expects to spend approximately
An additional
LARONDE
MRMR Highlights
During 2024, positive results from conversion drilling at the LaRonde Zone 5 ("LZ5") mine and the LaRonde mine added 80,000 ounces of gold and 111,000 ounces of gold in mineral reserves, respectively, partly replacing the production of 331,000 ounces of gold in-situ at LaRonde in 2024. Conversion drilling at the LZ5 mine and the LaRonde mine also resulted in the addition of a combined 115,000 ounces of gold in indicated mineral resources.
2024 Exploration Highlights
Exploration drilling totalled 50,300 metres at LaRonde in 2024, divided between the LZ5 area, the Bousquet 2 area and the main LaRonde orebody at depth.
Selected recent drill intersections from LaRonde are set out in the composite longitudinal section below and in a table in the Appendix.
[LaRonde – Composite Longitudinal Section]
Recent exploration drilling highlights include intersections near the current limits of known mineralized zones at LZ5 and Zone 3-4 with hole BZ-2024-005 returning 5.2 g/t gold over 5.7 metres at 390 metres depth west of the LZ5 mineral reserves and hole BZ-090-006 returning 7.8 g/t gold over 2.8 metres at 1,330 metres depth in Zone 3-4. The results demonstrate the potential for growth of mineral reserves in these zones.
In Zone 3-1, hole LR-215-025 intersected 7.0 g/t gold over 5.0 metres at 2,197 metres depth and hole LR-215-024 intersected 6.8 g/t gold over 2.8 metres at 2,313 metres depth, extending the known mineralization down-plunge by approximately 300 metres beneath the main mineral resources in the zone.
2025 Exploration Plan and Guidance
The Company expects to spend approximately
GOLDEX
MRMR Highlights
At Goldex, positive results from drilling into the extension at depth of the South zones have added 22,500 ounces of gold in mineral reserves. Mineral reserves for Goldex contained 1.0 million ounces of gold (22.7 million tonnes grading 1.43 g/t gold) as at December 31, 2024. The Company believes the mineral reserves are sufficient to sustain production until 2031 and provide an opportunity to test new exploration targets along under-explored trends.
2025 Exploration Plan and Guidance
The Company expects to spend approximately
ABITIBI REGION –
DETOUR LAKE
MRMR Highlights
Detour Lake hosts the largest mineral reserves for the Company with 19.1 million ounces of gold (795 million tonnes grading 0.75 g/t gold) in the open pit mineral reserve at year-end 2024. The year-over-year decline in mineral reserves is primarily due to the open pit production that extracted 752,000 ounces of gold in-situ.
In June 2024, the Company prepared a preliminary economic evaluation to describe a conceptual underground mining operation that could be developed simultaneously with the open pit operation to potentially increase output at the Detour Lake mine site to 1 million ounces of gold production per year.
The underground operation would allow for the acceleration of the extraction of the high-grade ore currently located within the mineral resources open pit as well as provide access to the mineralization located below and to the west of the open pit that exploration drilling has demonstrated extends laterally several kilometres to the west of the open pit outline and to a depth exceeding 1,200 metres from surface.
The underground mineral resources are currently reported for the portion of the orebody that is below and to the west of the mineral resources pit-shell. Conversion drilling continued to support the project with a growth in underground indicated mineral resources reaching 1.87 million ounces of gold (27.7 million tonnes grading 2.10 g/t gold) and underground inferred mineral resources continued to be extended to the west to grow to 3.68 million ounces of gold (59.3 million tonnes grading 1.93 g/t gold) at year end.
Future high intensity drilling and bulk sampling combined with ongoing geological and structural studies are expected to improve the interpretation and understanding of the high-grade corridor within the orebody that could potentially be mined by underground methods.
2024 Exploration Highlights
At Detour Lake in 2024, exploration drilling totalled 221,000 metres for the full year. The program continued to successfully expand and infill the mineralization below and to the west of the mineral resource pit. All drilling was performed from surface as construction progresses for the exploration ramp portal, decline and related facilities.
Selected recent drill intersections from Detour Lake are set out in the plan map and composite longitudinal section below and in a table in the Appendix.
[Detour Lake – Plan Map Showing High-Grade Zones]
[Detour Lake – Composite Longitudinal Section]
These results provide further support for a potential underground project at Detour Lake.
In the high-grade corridor located at the base of the mineral resource pit, and outside the mineral reserve pit, hole DLM24-983 intersected 15.6 g/t gold over 16.3 metres at 324 metres depth and hole DLM24-1023A intersected 33.7 g/t gold over 2.8 metres at 235 metres depth. These results are among multiple intersections that are much higher-grade than the open-pit mineral resources and mineral reserves, further supporting the potential for an underground mining scenario in that portion of the deposit.
2025 Exploration Plan and Guidance
The Company expects to spend approximately
An additional
The Company also expects to spend approximately
MACASSA
MRMR Highlights
Macassa's Main Break and SMC zones and the adjacent Near Surface and AK deposits together achieved
The recent upgrade in site facilities, including completion of the #4 Shaft and an improved ventilation system, led to a significant improvement in productivity that reduced operating expenses on a per-tonne basis using more efficient cut-and-fill and long-hole mining methods. These developments improved the mineability of some portions of the orebody that, combined with positive exploration drill results, led to an overall strong replacement of mineral reserves in 2024. The Macassa deposit continues to contain the Company's highest-grade mineral reserve, with an average grade of 10.5 g/t of gold.
The mineral reserve addition totalled a combined 173,000 ounces of gold for Macassa, Near Surface and AK and was mainly due to the expansion of mineral reserves at Main Break and SMC and the realized synergies with the AK deposit. The total mineral reserves in the Macassa, Near Surface and AK deposits contained 2.1 million ounces of gold (7.0 million tonnes grading 9.18 g/t gold) at year-end 2024. In addition to the mineral reserves, the Macassa mine and the Near Surface and AK deposits together realized an increase of
2024 Exploration Highlights
At Macassa in 2024, all exploration drilling was performed from underground and totalled 176,069 metres, mostly in the Main Break and SMC zones, and in the Near Surface and AK deposits. Positive exploration drilling results continued to extend the known deposits in multiple directions and contributed to the replacement of mining depletion.
Selected recent drill intersections from Macassa 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 in the SMC East, with highlight hole 58-1390 returning 44.7 g/t gold over 2.1 metres at 1,846 metres depth and hole 53-4951 returning 32.1 g/t gold over 1.9 metres at 1,686 metres depth. These results, combined with full-year results, continued to extend the footprint of the SMC, which is the main zone being mined at Macassa.
In the Main Break, to the east of known mineral resources, hole 64-451 returned 26.7 g/t gold over 2.0 metres at 2,157 metres depth and hole 58-1365 returned 17.9 g/t gold over 2.3 metres at 1,990 metres depth, further extending known mineralization in this key geological feature of the
These recent positive results at depth at Macassa continue to demonstrate that the deposit remains open at depth and provides targets for future exploration, particularly considering the Company's extensive experience in deep mining and rock mechanics at LaRonde where mining operations occur down to approximately 3,400 metres depth.
2025 Exploration Plan and Guidance
The Company expects to spend approximately
As a part of an
UPPER BEAVER
MRMR Highlights
A technical evaluation was completed at Upper Beaver during the fourth quarter of 2024 that increased mineral reserves to 2.8 million ounces of gold and 54,930 tonnes of copper (23.2 million tonnes grading 3.71 g/t gold and
This technical evaluation incorporates all the new drilling completed since 2017, totalling 226,418 metres in 441 holes, and employs improved mining concepts with updated assumptions and optimizations, as well as the latest progress in the project regarding geotechnical and metallurgical test work.
At year-end 2024, the underground indicated mineral resources totalled 0.5 million ounces of gold (7.5 million tonnes grading 2.04 g/t gold) and the underground inferred mineral resources totalled 0.4 million ounces of gold (3.0 million tonnes grading 4.12 g/t gold). The deposit remains open at depth, as shown in the composite longitudinal section below.
[Upper Beaver – Isometric View and Composite Longitudinal Section]
MELIADINE
MRMR Highlights
Successful conversion drilling at Meliadine in 2024 added 291,000 ounces of gold to mineral reserves, primarily at the Tiriganiaq, Wesmeg North and Wesmeg deposits. This addition partially offsets the mining of 393,000 ounces of gold in-situ in 2024. Recent exploration results demonstrate that the deposits remain open at depth and laterally, supporting the good potential for future growth in mineral resources and mineral reserves.
2024 Exploration Highlights
Exploration drilling totalled 95,070 metres at Meliadine in 2024, with work focused on exploration and infill drilling of inferred mineral resources at depth in the Wesmeg, Wesmeg North, Pump and Tiriganiaq deposits.
2025 Exploration Plan and Guidance
The Company expects to spend approximately
MEADOWBANK
MRMR Highlights
The Company succeeded in extending the life-of-mine at Amaruq with the addition of 328,000 ounces of gold in mineral reserves partly replacing the production depletion of 556,000 ounces of gold extracted
in-situ in 2024.
2024 Exploration Highlights
At Amaruq in 2024, exploration drilling totalled 17,522 metres. The main objective of the exploration program was to test the lateral extensions of underground mineral resources and examine the vertical continuity of known mineralization at depth in the IVR and Whale Tail areas, which remain open at depth.
2025 Exploration Plan and Guidance
The Company expects to spend approximately
The project team is currently assessing the exploration upside of the property and reviewing additional potential opportunities to further extend the life of mine while taking advantage of the positive gold price environment and the potential additional cashflow generation from any extension of the life of mine.
HOPE BAY
MRMR Highlights
Building on the exploration success in the Patch 7 zone at the
The total mineral reserves and mineral resources at Hope Bay now stand at 3.4 million ounces of gold in proven and probable mineral reserves (16.2 million tonnes grading 6.52 g/t gold), 2.1 million ounces of gold in indicated mineral resources (14.7 million tonnes grading 4.54 g/t gold) and 2.3 million ounces of gold in inferred mineral resources (13.2 million tonnes grading 5.44 g/t gold), as at December 31, 2024.
2024 Exploration Highlights
At Hope Bay in 2024, exploration drilling totalled 118,631 metres at both the
Selected recent drill intersections from the
[Madrid Deposit at Hope Bay – Composite Longitudinal Section]
Infill hole HBM24-258 returned multiple mineralized intersections, including 17.4 g/t gold over 3.1 metres at 319 metres depth, 14.7 g/t gold over 8.8 metres at 331 metres depth and 5.9 g/t gold over 9.4 metres at 341 metres depth, demonstrating the strong mineralization present in the high-grade core of the Patch 7 zone. In the same area, hole HBM24-255 returned 6.5 g/t gold over 6.1 metres at 374 metres depth and 11.0 g/t gold over 6.9 metres at 384 metres depth.
Further north, hole HBM24-274 intersected 23.9 g/t gold over 4.9 metres at 590 metres depth in an area where mineralization remains open in all directions.
Below the mineral resources of the Suluk zone, hole HBM24-264 intersected 16.6 g/t gold over 4.1 metres at 794 metres depth and hole HBM24-267 returned 20.9 g/t gold over 2.6 metres at 689 metres depth, opening the area for future mineral resource growth potential.
2025 Exploration Plan and Guidance
The Company expects to spend approximately
Both land-based and ice-based exploration drilling is already underway in 2025 with a strong focus on expanding known gold-bearing structures and investigating discoveries made in 2024 that are not part of current mineral resources due to limited drilling.
MRMR Highlights
2024 Exploration Highlights
At
2025 Exploration Plan and Guidance
The Company expects to spend approximately
KITTILA
MRMR Highlights
At Kittila, conversion drilling in the Suuri, Roura Deep and Rimpi areas resulted in the addition of 84,000 ounces of gold in mineral reserves before depletion. Below level 1540, as drilling and technical evaluations are progressing, the level of confidence increased, leading to the conversion of 100,000 ounces of gold from inferred mineral resources to indicated mineral resources.
2024 Exploration Highlights
Exploration and conversion drilling at Kittila totalled 71,582 metres in 2024 and mainly targeted the Main and Sisar zones in the northern and southern portions of the deposit at approximately 1.0 to 1.4 kilometres depth, as well as the East zone close to surface and approximately 140 metres east of the Suuri lens.
Selected recent drill intersections from Kittila are set out in the composite longitudinal section below and in a table in the Appendix.
[Kittila – Composite Longitudinal Section]
North of the Rimpi area, hole RIE24-700J intersected 6.6 g/t gold over 4.9 metres at 1,388 metres depth and hole RIE24-700L intersected 2.9 g/t gold over 3.9 metres at 1,410 metres depth, demonstrating that the deposit is still open to the north and at depths similar to current mineral reserves.
Deeper in the Main zone in the Rimpi area, hole ROD24-700 returned 9.8 g/t gold over 10.2 metres at 1,441 metres depth, potentially extending mineral resources and supporting longer-term growth scenarios for the mine.
In the Sisar parallel zone in the Rimpi area, hole RIE24-702F returned 8.9 g/t gold over 7.1 metres at 1,837 metres depth, also supporting extension at depth of the known mineral resources.
2025 Exploration Plan and Guidance
The Company expects to spend approximately
2024 Exploration Highlights
At
2025 Exploration Plan and Guidance
The Company expects to spend approximately
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
About this News Release
Unless otherwise stated, references to "LaRonde", "Canadian Malartic", "Meadowbank" and "Goldex" are to the Company's operations at the LaRonde complex, the Canadian Malartic complex, the Meadowbank complex and the Goldex complex, respectively. The LaRonde complex consists of the mining, milling and processing operations at the LaRonde mine and the mining operations at the LaRonde Zone 5 mine. The Canadian Malartic complex consists of the milling and processing operations at the Canadian Malartic mine and the mining operations at the Odyssey mine. The Meadowbank complex consists of the mining, milling and processing operations at the Meadowbank mine and the Amaruq open pit and underground mines. The Goldex complex consists of the mining, milling and processing operations at the Goldex mine and the mining operations at the Akasaba West open pit mine. References to other operations are to the relevant mines, projects or properties, as applicable.
When used in this news release, the terms "including" and "such as" mean including and such as, without limitation.
The information contained on any website linked to or referred to herein (including the Company's website) is not part of this news release.
Further Information
For further information regarding Agnico Eagle, contact Investor Relations at investor.relations@agnicoeagle.com or call (416) 947-1212.
Forward-Looking Statements
The information in this news release has been prepared as at February 13, 2025. 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", "commit", "could", "estimate", "expect", "forecast", "future", "guide", "plan", "potential", "schedule", "target", "track", "will", and similar expressions are intended to identify forward-looking statements. Such statements include the Company's forward-looking guidance, including metal production, estimated ore grades, recovery rates, project timelines, drilling targets or results and life of mine estimates; the potential for additional gold production at the Company's sites; the estimated timing and conclusions of the Company's studies and evaluations; the methods by which ore will be extracted or processed; the Company's expansion plans at Detour Lake, Upper Beaver and Odyssey, including the timing, funding, completion and commissioning thereof and the commencement of production therefrom; the Company's plans at Hope Bay, Wasamac and San Nicolás; statements concerning other expansion projects, recovery rates, mill throughput, optimization efforts and projected exploration, including costs and other estimates upon which such projections are based; timing and amounts of exploration (including capital expenditures, other expenditures and other cash needs, and expectations as to the funding thereof); estimates of future mineral reserves and 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, studies and evaluations 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, including at Meliadine, Upper Beaver and San Nicolás, 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, 2023 filed with Canadian securities regulators and that are included in its Annual Report on Form 40-F for the year ended December 31, 2023 ("Form 40-F") filed with the
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").
The SEC's disclosure requirements and policies for mining properties now more closely align with current industry and global regulatory practices and standards, including NI 43-101; however Canadian issuers that report in
Investors are cautioned that while the SEC 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. Accordingly, 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. Under Canadian regulations, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in limited circumstances.
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. 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, 2024 | |||||||||||
Operation / Project | Proven | Probable | Proven & Probable | ||||||||
Gold | Mining | 000 Tonnes | g/t | 000 Oz | 000 | g/t | 000 Oz | 000 | g/t | 000 Oz | Recovery |
LaRonde mine1 | U/G | 2,398 | 4.84 | 373 | 8,334 | 6.38 | 1,709 | 10,731 | 6.03 | 2,081 | 94.6 |
LaRonde Zone 52 | U/G | 5,026 | 2.10 | 339 | 4,241 | 2.34 | 319 | 9,267 | 2.21 | 659 | 94.7 |
LaRonde Total | 7,424 | 2.98 | 712 | 12,574 | 5.02 | 2,028 | 19,998 | 4.26 | 2,740 | ||
Canadian | O/P | 40,383 | 0.52 | 677 | 34,533 | 1.14 | 1,267 | 74,916 | 0.81 | 1,944 | 89.3 |
Odyssey deposit4 | U/G | 36 | 2.41 | 3 | 4,318 | 2.27 | 315 | 4,354 | 2.27 | 317 | 95.0 |
East Gouldie5 | U/G | — | — | — | 48,278 | 3.37 | 5,236 | 48,278 | 3.37 | 5,236 | 94.4 |
Canadian Malartic Total | 40,419 | 0.52 | 680 | 87,128 | 2.43 | 6,818 | 127,547 | 1.83 | 7,497 | ||
Goldex6 | U/G | 5,472 | 1.43 | 251 | 10,137 | 1.65 | 538 | 15,609 | 1.57 | 789 | 86.9 |
Akasaba West7 | O/P | 846 | 0.82 | 22 | 3,948 | 0.91 | 116 | 4,794 | 0.90 | 138 | 77.0 |
Goldex Total | 6,318 | 1.34 | 273 | 14,085 | 1.44 | 654 | 20,403 | 1.41 | 927 | ||
Wasamac | U/G | — | — | — | 14,757 | 2.90 | 1,377 | 14,757 | 2.90 | 1,377 | 89.7 |
Quebec Total | 54,161 | 0.96 | 1,665 | 128,545 | 2.63 | 10,876 | 182,706 | 2.13 | 12,541 | ||
Detour Lake (At or above 0.5 g/t) | O/P | 75,405 | 1.08 | 2,616 | 447,790 | 0.90 | 13,020 | 523,195 | 0.93 | 15,636 | 92.0 |
Detour Lake (Below 0.5 g/t) | O/P | 53,049 | 0.42 | 717 | 218,861 | 0.38 | 2,698 | 271,910 | 0.39 | 3,415 | 92.0 |
Detour Lake Total8 | 128,454 | 0.81 | 3,333 | 666,651 | 0.73 | 15,718 | 795,105 | 0.75 | 19,051 | ||
Macassa9 | U/G | 325 | 13.24 | 138 | 5,096 | 10.32 | 1,691 | 5,421 | 10.50 | 1,829 | 97.1 |
Macassa Near Surface10 | U/G | 4 | 7.76 | 1 | 65 | 5.15 | 11 | 69 | 5.31 | 12 | 95.0 |
AK deposit11 | U/G | 23 | 5.11 | 4 | 1,514 | 4.71 | 229 | 1,537 | 4.71 | 233 | 93.7 |
Macassa Total | 352 | 12.65 | 143 | 6,675 | 9.00 | 1,931 | 7,027 | 9.18 | 2,074 | ||
Upper Beaver12 | O/P | — | — | — | 3,235 | 1.82 | 189 | 3,235 | 1.82 | 189 | 95.5 |
Upper Beaver12 | U/G | — | — | — | 19,946 | 4.02 | 2,579 | 19,946 | 4.02 | 2,579 | 95.5 |
Upper Beaver Total | — | — | — | 23,181 | 3.71 | 2,768 | 23,181 | 3.71 | 2,768 | ||
Hammond Reef13 | O/P | — | — | — | 123,473 | 0.84 | 3,323 | 123,473 | 0.84 | 3,323 | 89.2 |
Ontario Total | 128,806 | 0.84 | 3,476 | 819,979 | 0.90 | 23,740 | 948,785 | 0.89 | 27,216 | ||
Amaruq | O/P | 3,310 | 1.81 | 193 | 8,657 | 3.33 | 928 | 11,967 | 2.91 | 1,121 | 90.7 |
Amaruq | U/G | 45 | 4.86 | 7 | 2,858 | 5.23 | 481 | 2,903 | 5.23 | 488 | 90.7 |
Meadowbank Total14 | 3,355 | 1.86 | 200 | 11,516 | 3.80 | 1,408 | 14,871 | 3.36 | 1,609 | ||
Meliadine | O/P | 324 | 3.47 | 36 | 5,241 | 4.10 | 690 | 5,565 | 4.06 | 726 | 96.0 |
Meliadine | U/G | 1,666 | 6.93 | 371 | 12,557 | 5.62 | 2,268 | 14,223 | 5.77 | 2,639 | 96.0 |
Meliadine Total15 | 1,990 | 6.37 | 407 | 17,798 | 5.17 | 2,958 | 19,788 | 5.29 | 3,365 | ||
Hope Bay16 | U/G | 93 | 6.77 | 20 | 16,120 | 6.52 | 3,378 | 16,212 | 6.52 | 3,398 | 87.5 |
Nunavut Total | 5,438 | 3.59 | 628 | 45,433 | 5.30 | 7,744 | 50,871 | 5.12 | 8,372 | ||
*Open Pit ("O/P"), Underground ("U/G") | |||||||||||
** Represents metallurgical recovery percentage | |||||||||||
Operation / Project | Proven | Probable | Proven & Probable | ||||||||
Gold | Mining | 000 Tonnes | g/t | 000 Oz | 000 | g/t | 000 Oz | 000 | g/t | 000 Oz | Recovery |
U/G | 888 | 5.77 | 165 | 8,666 | 5.33 | 1,486 | 9,553 | 5.37 | 1,650 | 92.0 | |
Australia Total | 888 | 5.77 | 165 | 8,666 | 5.33 | 1,486 | 9,553 | 5.37 | 1,650 | ||
Kittila18 | U/G | 616 | 4.33 | 86 | 24,782 | 4.16 | 3,314 | 25,398 | 4.16 | 3,400 | 86.4 |
Europe Total | 616 | 4.33 | 86 | 24,782 | 4.16 | 3,314 | 25,398 | 4.16 | 3,400 | ||
O/P | — | — | — | 1,884 | 1.04 | 63 | 1,884 | 1.04 | 63 | 94.4 | |
U/G | 1,484 | 2.09 | 100 | 3,589 | 2.35 | 271 | 5,072 | 2.27 | 370 | 94.1 | |
Pinos Altos Total19 | 1,484 | 2.09 | 100 | 5,472 | 1.90 | 334 | 6,956 | 1.94 | 433 | ||
San Nicolás ( | O/P | 23,858 | 0.41 | 314 | 28,761 | 0.39 | 358 | 52,619 | 0.40 | 672 | 17.6 |
Mexico Total | 25,341 | 0.51 | 414 | 34,234 | 0.63 | 691 | 59,575 | 0.58 | 1,105 | ||
Total Gold | 215,249 | 0.93 | 6,433 | 1,061,639 | 1.40 | 47,852 | 1,276,888 | 1.32 | 54,284 | ||
Silver | Mining | 000 Tonnes | g/t | 000 Oz | 000 | g/t | 000 Oz | 000 | g/t | 000 Oz | Recovery |
LaRonde mine | U/G | 2,398 | 13.29 | 1,024 | 8,334 | 21.67 | 5,805 | 10,731 | 19.79 | 6,830 | 77.4 |
O/P | — | — | — | 1,884 | 32.53 | 1,970 | 1,884 | 32.53 | 1,970 | 44.5 | |
U/G | 1,484 | 48.13 | 2,296 | 3,589 | 36.72 | 4,236 | 5,072 | 40.05 | 6,532 | 48.1 | |
Pinos Altos Total | 1,484 | 48.13 | 2,296 | 5,472 | 35.28 | 6,206 | 6,956 | 38.02 | 8,502 | ||
San Nicolás ( | O/P | 23,858 | 23.93 | 18,356 | 28,761 | 20.91 | 19,333 | 52,619 | 22.28 | 37,689 | 38.6 |
Total Silver | 27,739 | 24.31 | 21,677 | 42,567 | 22.90 | 31,344 | 70,307 | 23.46 | 53,021 | ||
Copper | Mining | 000 Tonnes | % | Tonnes | 000 | % | Tonnes | 000 | % | Tonnes | Recovery |
LaRonde mine | U/G | 2,398 | 0.20 | 4,808 | 8,334 | 0.30 | 25,224 | 10,731 | 0.28 | 30,033 | 83.8 |
Akasaba West | O/P | 846 | 0.49 | 4,144 | 3,948 | 0.50 | 19,851 | 4,794 | 0.50 | 23,995 | 77.4 |
Upper Beaver | O/P | — | — | — | 3,235 | 0.14 | 4,477 | 3,235 | 0.14 | 4,477 | 79.2 |
Upper Beaver | U/G | — | — | — | 19,946 | 0.25 | 50,453 | 19,946 | 0.25 | 50,453 | 79.2 |
Upper Beaver Total | — | — | — | 23,181 | 0.24 | 54,930 | 23,181 | 0.24 | 54,930 | ||
San Nicolás ( | O/P | 23,858 | 1.26 | 299,809 | 28,761 | 1.01 | 291,721 | 52,619 | 1.12 | 591,530 | 78.2 |
Total Copper | 27,102 | 1.14 | 308,761 | 64,224 | 0.61 | 391,727 | 91,326 | 0.77 | 700,488 | ||
Zinc | Mining | 000 Tonnes | % | Tonnes | 000 | % | Tonnes | 000 | % | Tonnes | Recovery |
LaRonde mine | U/G | 2,398 | 0.49 | 11,803 | 8,334 | 1.12 | 93,022 | 10,731 | 0.98 | 104,825 | 66.9 |
San Nicolás ( | O/P | 23,858 | 1.61 | 383,313 | 28,761 | 1.37 | 394,115 | 52,619 | 1.48 | 777,428 | 80.9 |
Total Zinc | 26,256 | 1.50 | 395,115 | 37,095 | 1.31 | 487,137 | 63,351 | 1.39 | 882,252 | ||
1 LaRonde mine: Net smelter value cut-off varies according to mining type and depth, not less than |
2 LaRonde Zone 5: Gold cut-off grade varies according to stope size and depth, not less than 1.44 g/t. |
3 Canadian |
4 Odyssey deposit: Gold cut-off grade varies according to mining zone and depth, not less than 1.51 g/t. |
5 East Gouldie: Gold cut-off grade not less than 1.62 g/t. |
6 Goldex: Gold cut-off grade varies according to mining type and depth, not less than 0.90 g/t. |
7 Akasaba West: Net smelter value cut-off varies, not less than |
8 Detour Lake: Gold cut-off grade is 0.30 g/t. |
9 Macassa: Gold cut-off grade varies according to mining type, not less than 3.85 g/t for long hole method and 4.24 g/t for cut and fill method. |
10 Macassa Near Surface deposit: Gold cut-off grade not less than 2.43 g/t. |
11 Amalgamated |
12 Upper Beaver: Net smelter value cut-off varies according to mining type, not less than |
13 Hammond Reef: Gold cut-off grade is 0.41 g/t. |
14 Amaruq: Gold cut-off grade varies according to mining type, not less than 0.98 g/t for open pit mineral reserves and 3.05 g/t for underground mineral reserves (gold cut-off grade for marginal underground mineral reserves from development is 1.17 g/t). |
15 Meliadine: Gold cut-off grade varies according to mining type, not less than 1.60 g/t for open pit mineral reserves and 4.20 g/t for underground mineral reserves (gold cut-off grade for marginal underground mineral reserves from development is 1.60 g/t). |
16 Hope Bay: Gold cut-off grade not less than 4.00 g/t. |
17 |
18 Kittila: Gold cut-off grade varies according to haulage distance, not less than 2.63 g/t. |
19 |
20 San Nicolás ( |
Mineral Resources as at December 31, 2024 | |||||||||||||
Operation / Project | Measured | Indicated | Measured & Indicated | Inferred | |||||||||
Gold | Mining | 000 Tonnes | g/t | 000 Oz | 000 | g/t | 000 | 000 | g/t | 000 | 000 | g/t | 000 |
LaRonde mine | U/G | — | — | — | 5,851 | 3.75 | 705 | 5,851 | 3.75 | 705 | 1,619 | 5.39 | 281 |
LaRonde Zone 5 | U/G | — | — | — | 11,094 | 2.29 | 817 | 11,094 | 2.29 | 817 | 7,187 | 4.15 | 960 |
LaRonde Total | — | — | — | 16,945 | 2.79 | 1,522 | 16,945 | 2.79 | 1,522 | 8,806 | 4.38 | 1,240 | |
Canadian | O/P | — | — | — | — | — | — | — | — | — | 5,550 | 0.72 | 129 |
Odyssey deposit | U/G | — | — | — | 1,847 | 1.77 | 105 | 1,847 | 1.77 | 105 | 20,275 | 2.33 | 1,520 |
U/G | — | — | — | 45,783 | 1.95 | 2,869 | 45,783 | 1.95 | 2,869 | 57,354 | 1.98 | 3,651 | |
East Gouldie | U/G | — | — | — | 5,243 | 1.52 | 257 | 5,243 | 1.52 | 257 | 61,155 | 2.32 | 4,557 |
Odyssey Total | — | — | — | 52,873 | 1.90 | 3,232 | 52,873 | 1.90 | 3,232 | 138,784 | 2.18 | 9,728 | |
Canadian Malartic Total | — | — | — | 52,873 | 1.90 | 3,232 | 52,873 | 1.90 | 3,232 | 144,334 | 2.12 | 9,857 | |
Goldex | U/G | 12,360 | 1.86 | 739 | 18,137 | 1.48 | 865 | 30,496 | 1.64 | 1,604 | 16,946 | 1.62 | 885 |
Akasaba West | O/P | — | — | — | 4,133 | 0.68 | 90 | 4,133 | 0.68 | 90 | — | — | — |
Goldex Total | 12,360 | 1.86 | 739 | 22,270 | 1.33 | 955 | 34,630 | 1.52 | 1,694 | 16,946 | 1.62 | 885 | |
Wasamac | U/G | — | — | — | 9,479 | 2.19 | 667 | 9,479 | 2.19 | 667 | 3,911 | 2.48 | 312 |
Quebec Total | 12,360 | 1.86 | 739 | 101,567 | 1.95 | 6,376 | 113,927 | 1.94 | 7,115 | 173,997 | 2.20 | 12,294 | |
Detour Lake | O/P | 33,923 | 1.10 | 1,201 | 630,463 | 0.60 | 12,188 | 664,386 | 0.63 | 13,389 | 65,093 | 1.40 | 2,926 |
Detour Lake | U/G | — | — | — | 27,738 | 2.10 | 1,870 | 27,738 | 2.10 | 1,870 | 59,269 | 1.93 | 3,679 |
Detour Lake Zone 58N | U/G | — | — | — | 2,868 | 5.80 | 534 | 2,868 | 5.80 | 534 | 973 | 4.35 | 136 |
Detour Lake Total | 33,923 | 1.10 | 1,201 | 661,068 | 0.69 | 14,592 | 694,991 | 0.71 | 15,793 | 125,335 | 1.67 | 6,742 | |
Macassa | U/G | 278 | 8.46 | 76 | 2,716 | 7.39 | 645 | 2,994 | 7.49 | 721 | 5,036 | 7.77 | 1,259 |
Macassa Near Surface | U/G | — | — | — | 94 | 5.03 | 15 | 94 | 5.03 | 15 | 205 | 4.74 | 31 |
AK deposit | U/G | — | — | — | 333 | 4.81 | 52 | 333 | 4.81 | 52 | 283 | 3.52 | 32 |
Macassa Total | 278 | 8.46 | 76 | 3,144 | 7.05 | 712 | 3,422 | 7.16 | 788 | 5,524 | 7.44 | 1,322 | |
Aquarius | O/P | — | — | — | 12,364 | 2.15 | 856 | 12,364 | 2.15 | 856 | 122 | 3.59 | 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 | O/P | — | — | — | 54 | 0.87 | 2 | 54 | 0.87 | 2 | — | — | — |
Upper Beaver | U/G | — | — | — | 7,510 | 2.04 | 493 | 7,510 | 2.04 | 493 | 2,953 | 4.12 | 391 |
Upper Beaver Total | — | — | — | 7,564 | 2.03 | 495 | 7,564 | 2.03 | 495 | 2,953 | 4.12 | 391 | |
O/P | — | — | — | 2,006 | 1.62 | 104 | 2,006 | 1.62 | 104 | 1,020 | 1.44 | 47 | |
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 | 87,070 | 1.03 | 2,896 | 790,685 | 0.79 | 20,104 | 877,755 | 0.82 | 23,000 | 162,506 | 2.25 | 11,748 | |
Amaruq | O/P | — | — | — | 3,115 | 3.37 | 338 | 3,115 | 3.37 | 338 | 187 | 2.88 | 17 |
Amaruq | U/G | — | — | — | 6,801 | 4.30 | 940 | 6,801 | 4.30 | 940 | 3,773 | 4.73 | 574 |
Meadowbank Total | — | — | — | 9,915 | 4.01 | 1,277 | 9,915 | 4.01 | 1,277 | 3,960 | 4.65 | 592 | |
Meliadine | O/P | 1 | 3.46 | — | 4,229 | 2.98 | 406 | 4,231 | 2.98 | 406 | 614 | 4.43 | 87 |
Meliadine | U/G | 524 | 4.53 | 76 | 9,187 | 4.17 | 1,232 | 9,711 | 4.19 | 1,308 | 11,082 | 6.00 | 2,138 |
Operation / Project | Measured | Indicated | Measured & Indicated | Inferred | |||||||||
Gold | Mining | 000 Tonnes | g/t | 000 Oz | 000 | g/t | 000 | 000 | g/t | 000 | 000 | g/t | 000 |
Meliadine Total | 525 | 4.53 | 76 | 13,416 | 3.80 | 1,638 | 13,941 | 3.82 | 1,714 | 11,696 | 5.92 | 2,225 | |
Hope Bay | U/G | — | — | — | 14,689 | 4.54 | 2,143 | 14,689 | 4.54 | 2,143 | 13,232 | 5.44 | 2,312 |
Nunavut Total | 525 | 4.53 | 76 | 38,020 | 4.14 | 5,058 | 38,545 | 4.14 | 5,135 | 28,888 | 5.52 | 5,129 | |
O/P | 843 | 2.79 | 75 | 2,371 | 3.21 | 245 | 3,214 | 3.10 | 320 | 692 | 2.45 | 54 | |
U/G | 474 | 4.27 | 65 | 9,094 | 3.91 | 1,142 | 9,567 | 3.92 | 1,207 | 12,070 | 4.42 | 1,715 | |
Fosterville Total | 1,316 | 3.32 | 141 | 11,465 | 3.76 | 1,386 | 12,781 | 3.72 | 1,527 | 12,761 | 4.31 | 1,769 | |
O/P | 269 | 3.65 | 32 | 16,416 | 1.42 | 749 | 16,685 | 1.46 | 781 | 13,536 | 1.75 | 762 | |
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 | 1,585 | 3.38 | 172 | 32,996 | 2.85 | 3,023 | 34,581 | 2.87 | 3,195 | 30,581 | 3.20 | 3,145 | |
Kittila | O/P | — | — | — | — | — | — | — | — | — | 373 | 3.89 | 47 |
Kittila | U/G | 4,749 | 2.87 | 438 | 15,079 | 3.01 | 1,461 | 19,828 | 2.98 | 1,899 | 6,038 | 4.97 | 965 |
Kittila Total | 4,749 | 2.87 | 438 | 15,079 | 3.01 | 1,461 | 19,828 | 2.98 | 1,899 | 6,411 | 4.91 | 1,011 | |
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 | 4,749 | 2.87 | 438 | 19,414 | 2.62 | 1,638 | 24,163 | 2.67 | 2,076 | 22,222 | 2.82 | 2,016 | |
O/P | — | — | — | 1,248 | 0.79 | 32 | 1,248 | 0.79 | 32 | 106 | 0.60 | 2 | |
U/G | — | — | — | 9,798 | 2.25 | 709 | 9,798 | 2.25 | 709 | 972 | 1.79 | 56 | |
Pinos Altos Total | — | — | — | 11,045 | 2.09 | 741 | 11,045 | 2.09 | 741 | 1,077 | 1.67 | 58 | |
La | O/P | 4,478 | 0.52 | 74 | 880 | 0.53 | 15 | 5,358 | 0.52 | 89 | — | — | — |
San Nicolás ( | 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 |
O/P | — | — | — | 19,267 | 0.91 | 563 | 19,267 | 0.91 | 563 | 9,819 | 1.36 | 429 | |
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 | 4,739 | 0.49 | 75 | 73,336 | 1.00 | 2,355 | 78,075 | 0.97 | 2,430 | 33,289 | 1.75 | 1,876 | |
Total Gold | 111,028 | 1.23 | 4,397 | 1,056,019 | 1.14 | 38,553 | 1,167,047 | 1.14 | 42,950 | 451,483 | 2.49 | 36,208 | |
Operation / Project | Measured | Indicated | Measured & Indicated | Inferred | |||||||||
Silver | Mining | 000 | g/t | 000 Oz | 000 | g/t | 000 Oz | 000 | g/t | 000 Oz | 000 | g/t | 000 Oz |
LaRonde mine | U/G | — | — | — | 5,851 | 15.28 | 2,873 | 5,851 | 15.28 | 2,873 | 1,619 | 11.14 | 580 |
O/P | — | — | — | 1,248 | 19.20 | 770 | 1,248 | 19.20 | 770 | 106 | 12.38 | 42 | |
U/G | — | — | — | 9,798 | 50.88 | 16,028 | 9,798 | 50.88 | 16,028 | 972 | 41.51 | 1,297 | |
Pinos Altos Total | — | — | — | 11,045 | 47.30 | 16,798 | 11,045 | 47.30 | 16,798 | 1,077 | 38.65 | 1,339 | |
La | O/P | 4,478 | 2.72 | 391 | 880 | 2.58 | 73 | 5,358 | 2.70 | 464 | — | — | — |
San Nicolás ( | 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 |
O/P | — | — | — | 19,267 | 3.66 | 2,269 | 19,267 | 3.66 | 2,269 | 9,819 | 1.85 | 585 | |
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 | 59,897 | 31.20 | 60,080 | 64,636 | 29.13 | 60,525 | 39,058 | 28.27 | 35,504 | |
Copper | Mining | 000 | % | Tonnes | 000 | % | Tonnes | 000 | % | Tonnes | 000 | % | Tonnes |
LaRonde mine | U/G | — | — | — | 5,851 | 0.14 | 8,213 | 5,851 | 0.14 | 8,213 | 1,619 | 0.25 | 4,101 |
Akasaba West | O/P | — | — | — | 4,133 | 0.41 | 17,126 | 4,133 | 0.41 | 17,126 | — | — | — |
Upper Beaver | O/P | — | — | — | 54 | 0.10 | 56 | 54 | 0.1 | 56 | — | — | — |
Upper Beaver | U/G | — | — | — | 7,510 | 0.16 | 12,063 | 7,510 | 0.16 | 12,063 | 2,953 | 0.36 | 10,649 |
Upper Beaver Total | — | — | — | 7,564 | 0.16 | 12,118 | 7,564 | 0.16 | 12,118 | 2,953 | 0.36 | 10,649 | |
San Nicolás ( | 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 | 40,402 | 0.26 | 106,637 | 40,662 | 0.27 | 110,163 | 22,036 | 0.28 | 62,075 | |
Zinc | Mining | 000 | % | Tonnes | 000 | % | Tonnes | 000 | % | Tonne s Zn \ | 000 | % | Tonnes |
LaRonde mine | U/G | — | — | — | 5,851 | 1.00 | 58,633 | 5,851 | 1 | 58,633 | 1,619 | 0.34 | 5,520 |
San Nicolás ( | 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 | 19,870 | 0.87 | 171,888 | 20,131 | 0.86 | 172,900 | 5,062 | 0.55 | 27,949 | |
*Open Pit ("O/P"), Underground ("U/G") |
The assumptions for metal prices and currency exchange rates used for the December 31, 2024 mineral reserve and mineral resource estimates reported by the Company are presented in the "Gold Mineral Resources" section earlier in this news release.
Mineral reserves reported are not included in 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 prefeasibility 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, 2024, 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: Detour Lake Operation,
APPENDIX – EXPLORATION DETAILS
LZ5 mine and LaRonde mine at LaRonde
Drill hole | Mine / zone | From (metres) | To (metres) | Depth of | Estimated true | Gold grade (g/t) | Gold grade (g/t) |
BZ-2024-004 | LZ5 / Zone 4 | 373.4 | 382.2 | 406 | 3.1 | 20.4 | 8.3 |
BZ-2024-005 | LZ5 / Zone 4 | 348.7 | 356.2 | 377 | 2.8 | 13.7 | 5.3 |
and | LZ5 / Zone 4 | 358.6 | 373.4 | 390 | 5.7 | 5.4 | 5.2 |
BZ-2024-008 | LZ5 / Zone 4 | 416.7 | 434.8 | 451 | 6.9 | 2.7 | 2.7 |
BZ-050-010 | LZ5 / Zone 5 | 229.5 | 252.5 | 618 | 21.3 | 3.8 | 3.8 |
BZ-090-006 | LZ5 / Zone 3-4 | 373.3 | 376.8 | 1,330 | 2.8 | 8.0 | 7.8 |
and | LZ5 / Zone 3-4 | 389.4 | 392.9 | 1,338 | 2.8 | 5.7 | 5.7 |
BZ-090-008 | LZ5 /Zone 3-4 | 522.6 | 525.6 | 1,516 | 2.8 | 5.1 | 5.1 |
BZ-090-010 | LZ5 / Zone 3-4 | 634.5 | 640.0 | 1,643 | 3.4 | 25.8 | 9.8 |
LR-215-024 | LZ5 / Zone 3-1 | 373.7 | 378.4 | 2,313 | 2.8 | 6.8 | 6.8 |
and | LZ5 / Zone 3-1 | 399.0 | 403.7 | 2,328 | 2.8 | 5.7 | 5.7 |
LR-215-025 | LZ5 / Zone 3-1 | 281.5 | 287.6 | 2,197 | 5.0 | 11.0 | 7.0 |
and | LZ5 / Zone 3-1 | 304.7 | 308.1 | 2,206 | 2.8 | 5.0 | 5.0 |
LR-215-028 | LZ5 / Zone 3-1 | 239.3 | 243.4 | 2,013 | 4.0 | 4.8 | 4.8 |
and | LZ5 / Zone 3-1 | 265.0 | 267.9 | 2,007 | 2.8 | 8.3 | 8.3 |
LR-149-045 | LaR / Area 11-3 | 250.2 | 258.9 | 1,669 | 6.4 | 3.4 | 3.4 |
LR-152-008 | LaR / Area 11-3 | 294.1 | 307.3 | 1,740 | 9.1 | 2.6 | 2.6 |
LR-305-041 | LaR / Zone 20N | 397.0 | 404.4 | 3,276 | 4.5 | 18.9 | 18.9 |
LR-317-022 | LaR / Zone 20N | 671.8 | 676.1 | 3,611 | 2.8 | 24.8 | 8.2 |
LR-317-023 | LaR / Zone 20N | 472.0 | 479.0 | 3,376 | 6.0 | 6.5 | 6.5 |
*Results from LaRonde use a capping factor of 30 g/t gold. |
East Gouldie and Odyssey deposits, and Eclipse and Odyssey internal zones at Odyssey
Drill hole | Deposit / Zone | From (metres) | To (metres) | Depth of midpoint | Estimated true | Gold grade (g/t) | Gold grade (g/t) |
MEX23-309ZB | Eclipse | 1,637.6 | 1,683.0 | 1,241 | 42.9 | 3.2 | 3.2 |
MEX24-313Z | Eclipse | 1,755.1 | 1,766.6 | 1,493 | 11.0 | 3.3 | 3.3 |
and | East Gouldie | 1,889.7 | 1,897.5 | 1,584 | 7.5 | 4.4 | 4.4 |
MEX24-316 | Eclipse | 1,639.7 | 1,712.5 | 1,349 | 51.5 | 3.0 | 3.0 |
and | East Gouldie | 1,795.7 | 1,812.8 | 1,437 | 16.6 | 3.4 | 3.4 |
MEX24-316W | East Gouldie | 1,716.6 | 1,736.7 | 1,353 | 19.8 | 6.7 | 6.7 |
and | East Gouldie | 1,774.8 | 1,790.6 | 1,390 | 15.6 | 4.0 | 4.0 |
MEX24-317 | East Gouldie | 1,905.0 | 1,919.0 | 1,633 | 13.1 | 2.9 | 2.9 |
including | East Gouldie | 1,910.8 | 1,917.0 | 1,634 | 5.9 | 5.3 | 5.3 |
MEX24-318 | Eclipse | 1,546.3 | 1,555.0 | 994 | 8.6 | 4.0 | 4.0 |
MEX24-318WZ | East Gouldie | 1,654.5 | 1,662.0 | 1,147 | 7.0 | 5.7 | 5.7 |
MEX24-319 | East Gouldie | 1,687.4 | 1,693.5 | 1,292 | 5.9 | 8.6 | 8.5 |
MEX24-320WA | East Gouldie | 1,581.2 | 1,593.8 | 1,374 | 12.2 | 2.9 | 2.9 |
UGEG-054-006 | East Gouldie | 635.5 | 639.5 | 706 | 3.9 | 6.3 | 6.3 |
UGEG-071-004 | East Gouldie | 452.0 | 471.7 | 871 | 18.5 | 4.7 | 4.6 |
UGEG-071-006 | East Gouldie | 473.0 | 494.5 | 736 | 21.1 | 3.6 | 3.6 |
UGEG-075-026 | East Gouldie | 575.4 | 581.9 | 772 | 6.1 | 5.9 | 5.9 |
UGEG-075-028 | East Gouldie | 580.2 | 588.3 | 819 | 7.9 | 2.9 | 2.9 |
MEX24-322 | Odyssey internal | 1,227.5 | 1,233.5 | 1,158 | 6.0** | 4.4 | 4.4 |
and | Odyssey internal | 1,269.6 | 1,279.0 | 1,199 | 9.4** | 9.6 | 9.3 |
UGOD-054-014R | Odyssey internal | 363.1 | 397.0 | 789 | 33.9** | 4.4 | 4.4 |
and | Odyssey North | 403.5 | 416.4 | 808 | 11.4 | 1.8 | 1.8 |
UGOD-054-016 | Odyssey internal | 210.6 | 217.8 | 679 | 7.2** | 5.0 | 4.4 |
UGOD-054-023 | Odyssey North | 453.5 | 471.0 | 897 | 13.6 | 2.5 | 2.5 |
UGOD-075-011 | Odyssey internal | 501.7 | 511.5 | 963 | 9.8** | 4.5 | 4.5 |
*Results from East Gouldie, Eclipse, Odyssey internal zones and Odyssey South use a capping factor of 20 g/t gold. |
**Core length. True width undetermined. |
West Pit and West Extension zones at Detour Lake
Drill hole | Zone | From (metres) | To (metres) | Depth of midpoint | Estimated true width | Gold grade (g/t) |
DLM24-928 | West Extension | 676.8 | 729.0 | 564 | 47.9 | 0.8 |
and | West Extension | 801.3 | 804.8 | 639 | 3.2 | 12.8 |
and | West Extension | 815.0 | 823.0 | 650 | 7.4 | 4.3 |
DLM24-972AW2 | West Pit Underground | 571.7 | 604.2 | 490 | 29.6 | 2.0 |
and | West Pit Underground | 617.2 | 639.0 | 520 | 19.9 | 4.3 |
including | West Pit Underground | 636.0 | 639.0 | 527 | 2.8 | 27.7 |
DLM24-983 | West Pit Underground | 388.0 | 406.0 | 324 | 16.3 | 15.6 |
including | 397.2 | 403.0 | 326 | 5.2 | 46.2 | |
and | West Pit Underground | 540.0 | 599.0 | 454 | 54.3 | 0.9 |
DLM24-985A | West Pit Underground | 199.0 | 224.0 | 178 | 21.4 | 23.2 |
including | 220.0 | 224.0 | 187 | 3.4 | 141.7 | |
and | West Pit Underground | 419.0 | 433.0 | 352 | 12.3 | 3.9 |
DLM24-999 | West Extension | 548.0 | 557.5 | 441 | 8.7 | 3.2 |
and | West Extension | 607.1 | 612.0 | 484 | 4.5 | 47.2 |
DLM24-1001 | West Extension | 481.0 | 506.8 | 416 | 22.6 | 3.1 |
DLM24-1007A | West Extension | 474.0 | 522.0 | 445 | 39.0 | 2.3 |
including | 474.0 | 476.9 | 425 | 2.4 | 19.8 | |
including | 500.0 | 507.0 | 450 | 5.7 | 2.7 | |
and | West Extension | 584.0 | 587.0 | 521 | 2.5 | 6.4 |
DLM24-1014A | West Pit Underground | 406.1 | 439.6 | 346 | 30.0 | 2.8 |
including | 418.9 | 422.0 | 344 | 2.8 | 24.2 | |
and | West Pit Underground | 549.0 | 604.2 | 464 | 50.2 | 0.9 |
and | West Pit Underground | 637.0 | 677.0 | 524 | 36.6 | 2.7 |
DLM24-1023A | West Pit Underground | 296.0 | 299.1 | 235 | 2.8 | 33.7 |
and | West Pit Underground | 379.7 | 393.9 | 301 | 13.2 | 3.5 |
and | West Pit Underground | 440.0 | 542.0 | 376 | 95.9 | 1.2 |
and | West Pit Underground | 694.0 | 705.0 | 517 | 10.5 | 4.2 |
DLM24-1045 | Main Pit Underground | 498.0 | 589.3 | 427 | 84.4 | 1.1 |
and | Main Pit Underground | 697.0 | 802.9 | 578 | 98.7 | 1.7 |
and | Main Pit Underground | 823.0 | 838.0 | 636 | 14.0 | 13.2 |
including | 833.0 | 838.0 | 639 | 4.7 | 37.3 | |
and | Main Pit Underground | 979.5 | 994.7 | 748 | 14.2 | 7.4 |
and | Main Pit Underground | 1,012.0 | 1,018.0 | 768 | 5.6 | 6.6 |
*Results from Detour Lake are uncapped. |
SMC and Main Break zones at Macassa
Drill hole | Zone | From (metres) | To (metres) | Depth of midpoint below | Estimated true | Gold grade (g/t) | Gold grade (g/t) (capped)* |
59-0149 | SMC East | 147.2 | 149.2 | 1,857 | 2.0 | 23.1 | 23.1 |
58-1390 | SMC East | 134.5 | 137.1 | 1,846 | 2.1 | 44.7 | 44.7 |
53-4951 | SMC East | 303.1 | 305.4 | 1,686 | 1.9 | 36.4 | 32.1 |
and | SMC East | 392.3 | 397.1 | 1,707 | 4.2 | 10.2 | 10.2 |
53-4960 | SMC East | 305.0 | 309.7 | 1,662 | 3.6 | 9.0 | 9.0 |
57-1571 | SMC West | 224.3 | 226.5 | 1,724 | 2.1 | 15.8 | 15.8 |
58-1356 | Main Break | 175.3 | 178.3 | 2,023 | 2.7 | 13.1 | 13.1 |
58-1365 | Main Break | 187.1 | 189.6 | 1,990 | 2.3 | 17.9 | 17.9 |
58-1379 | Main Break | 184.6 | 186.8 | 1,999 | 2.0 | 42.5 | 14.8 |
64-451 | Main Break | 297.4 | 299.4 | 2,157 | 2.0 | 26.7 | 26.7 |
*Results from Macassa use a capping factor ranging from 68.6 g/t to 445.7 g/t gold depending on the zone. |
Drill hole | Zone | From (metres) | To (metres) | Depth of midpoint | Estimated true | Gold grade (g/t) | Gold grade (g/t) (capped)* |
HBM24-254 | Patch 7 | 597.0 | 605.3 | 424 | 7.8 | 4.9 | 4.9 |
HBM24-255 | Patch 7 | 503.0 | 510.0 | 374 | 6.1 | 6.5 | 6.5 |
and | Patch 7 | 517.0 | 525.0 | 384 | 6.9 | 11.0 | 11.0 |
HBM24-256 | Patch 7 | 620.0 | 638.0 | 509 | 16.9 | 3.9 | 3.9 |
HBM24-258 | Patch 7 | 422.9 | 426.0 | 319 | 3.1 | 20.8 | 17.4 |
and | Patch 7 | 434.5 | 443.9 | 331 | 8.8 | 14.7 | 14.7 |
including | Patch 7 | 438.5 | 441.0 | 331 | 2.4 | 40.7 | 40.7 |
and | Patch 7 | 448.0 | 458.0 | 341 | 9.4 | 5.9 | 5.9 |
HBM24-260 | Patch 7 | 408.7 | 412.5 | 301 | 3.3 | 63.5 | 29.1 |
HBM24-264 | Suluk | 945.0 | 950.0 | 794 | 4.1 | 25.1 | 16.6 |
including | Suluk | 949.0 | 950.0 | 794 | 0.8 | 92.7 | 50.0 |
HBM24-266 | Suluk | 871.0 | 873.5 | 596 | 2.4 | 26.3 | 22.0 |
HBM24-267 | Suluk | 994.5 | 997.1 | 689 | 2.6 | 20.9 | 20.9 |
HBM24-272 | Suluk | 768.0 | 772.3 | 597 | 3.7 | 9.9 | 9.9 |
including | Suluk | 769.0 | 770.0 | 597 | 0.9 | 34.5 | 34.5 |
HBM24-274 | Patch 7 | 915.5 | 921.2 | 590 | 4.9 | 25.9 | 23.9 |
*Results from |
Main and Sisar zones at Kittila
Drill hole | Zone / Area | From (metres) | To (metres) | Depth of midpoint | Estimated true width (metres) | Gold grade (g/t) |
RIE24-702F | Sisar Deep / Rimpi | 766.0 | 774.3 | 1,786 | 3.2 | 4.7 |
and | Sisar Deep / Rimpi | 835.2 | 849.0 | 1,837 | 7.1 | 8.9 |
including | 835.2 | 842.0 | 1,836 | 3.6 | 11.9 | |
RIE24-702C | Main / Rimpi | 328.2 | 335.0 | 1,416 | 3.2 | 4.5 |
RIE24-702G | Sisar Deep / Rimpi | 784.0 | 790.0 | 1,782 | 4.7 | 4.3 |
RIE24-702H | Sisar Deep / Rimpi | 786.0 | 797.0 | 1,790 | 4.4 | 3.9 |
RIE24-700L | Main / Seuru | 567.0 | 576.9 | 1,410 | 3.9 | 2.9 |
RIE24-700J | Main / Seuru | 538.2 | 548.9 | 1,388 | 4.9 | 6.6 |
including | 538.2 | 543.6 | 1,388 | 3.1 | 9.5 | |
ROD24-700 | Main / Rimpi | 328.0 | 345.1 | 1,441 | 10.2 | 9.8 |
including | Main / Rimpi | 332.0 | 345.1 | 1,444 | 7.8 | 12.2 |
* Results from Kittila are uncapped. |
EXPLORATION DRILL COLLAR COORDINATES
Drill hole | UTM East* | UTM North* | Elevation | Azimuth | Dip (degrees) | Length (metres |
LaRonde | ||||||
BZ-2024-004 | 687029 | 5347303 | 310 | 3 | -77 | 471 |
BZ-2024-005 | 687028 | 5347303 | 310 | 20 | -74 | 456 |
BZ-2024-008 | 687029 | 5347302 | 310 | 33 | -76 | 618 |
BZ-050-010 | 687231 | 5347243 | -162 | 340 | -28 | 280 |
BZ-090-006 | 687298 | 5347611 | -817 | 174 | -34 | 433 |
BZ-090-008 | 687299 | 5347611 | -817 | 161 | -52 | 591 |
BZ-090-010 | 687298 | 5347611 | -817 | 192 | -61 | 701 |
LR-215-024 | 687757 | 5347367 | -1,745 | 204 | -43 | 456 |
LR-215-025 | 687757 | 5347366 | -1,744 | 188 | -30 | 363 |
LR-215-028 | 687758 | 5347366 | -1,742 | 154 | 13 | 334 |
LR-149-045 | 689240 | 5347226 | -1,165 | 176 | -49 | 340 |
LR-152-008 | 689241 | 5347229 | -1,194 | 181 | -44 | 387 |
LR-305-041 | 689777 | 5346879 | -2,667 | 181 | -45 | 449 |
LR-317-022 | 690103 | 5346988 | -2,807 | 176 | -48 | 749 |
LR-317-023 | 690102 | 5346988 | -2,807 | 183 | -34 | 507 |
Odyssey mine | ||||||
MEX23-309ZB | 718682 | 5334767 | 307 | 162 | -48 | 1,521 |
MEX24-313Z | 718632 | 5334757 | 307 | 185 | -63 | 1,911 |
MEX24-316 | 718604 | 5334758 | 308 | 170 | -57 | 1,876 |
MEX24-316W | 718604 | 5334758 | 308 | 170 | -57 | 1,885 |
MEX24-317 | 718665 | 5334762 | 307 | 160 | -63 | 2,076 |
MEX24-318 | 718652 | 5334763 | 307 | 166 | -45 | 1,749 |
MEX24-318WZ | 718652 | 5334763 | 307 | 166 | -45 | 1,809 |
MEX24-319 | 718604 | 5334759 | 308 | 176 | -55 | 1,860 |
MEX24-320WA | 716867 | 5334696 | 316 | 155 | -68 | 1,797 |
UGEG-054-006 | 717966 | 5334110 | -229 | 177 | -16 | 787 |
UGEG-071-004 | 717758 | 5333977 | -345 | 171 | -31 | 631 |
UGEG-071-006 | 717758 | 5333977 | -345 | 169 | -9 | 652 |
UGEG-075-026 | 717922 | 5334060 | -250 | 181 | -25 | 751 |
UGEG-075-028 | 717923 | 5334060 | -251 | 177 | -31 | 769 |
MEX24-322 | 718617 | 5334759 | 309 | 215 | -70 | 2,353 |
UGOD-054-014R | 717998 | 5334290 | -230 | 357 | -43 | 471 |
UGOD-054-016 | 717997 | 5334290 | -230 | 14 | -43 | 472 |
UGOD-054-023 | 717998 | 5334290 | -230 | 9 | -54 | 530 |
UGOD-075-011 | 717786 | 5334182 | -320 | 15 | -47 | 570 |
Detour Lake | ||||||
DLM24-928 | 586600 | 5542049 | 298 | 180 | -60 | 882 |
DLM24-972AW2 | 587840 | 5541953 | 287 | 176 | -65 | 651 |
DLM24-983 | 588526 | 5541616 | 287 | 176 | -58 | 900 |
DLM24-985A | 587408 | 5541632 | 286 | 175 | -58 | 477 |
DLM24-999 | 586601 | 5541928 | 293 | 179 | -58 | 691 |
DLM24-1001 | 586644 | 5541858 | 292 | 180 | -61 | 642 |
DLM24-1007A | 586484 | 5541853 | 288 | 180 | -67 | 700 |
DLM24-1014A | 588566 | 5541624 | 287 | 178 | -58 | 726 |
DLM24-1023A | 588205 | 5541646 | 288 | 177 | -55 | 801 |
DLM24-1045 | 589409 | 5541476 | 282 | 179 | -56 | 1,074 |
Macassa | ||||||
59-0149 | 569781 | 5331818 | -1,474 | 156 | -16 | 189 |
58-1390 | 570152 | 5332191 | -1,550 | 141 | 18 | 396 |
53-4951 | 570296 | 5332023 | -1,258 | 303 | -17 | 408 |
53-4960 | 570296 | 5332023 | -1,258 | 305 | -14 | 412 |
57-1571 | 568509 | 5331123 | -1,404 | 336 | -1 | 267 |
58-1356 | 570230 | 5332242 | -1,558 | 342 | -46 | 270 |
58-1365 | 570106 | 5332203 | -1,550 | 9 | -8 | 259 |
58-1379 | 570363 | 5332293 | -1,565 | 355 | -33 | 305 |
64-451 | 569621 | 5332015 | -1,633 | 287 | -38 | 381 |
Hope Bay | ||||||
HBM24-254 | 434797 | 7548194 | 34 | 69 | -53 | 753 |
HBM24-255 | 434887 | 7548153 | 38 | 71 | -54 | 755 |
HBM24-256 | 434799 | 7548114 | 31 | 70 | -61 | 879 |
HBM24-258 | 434981 | 7548095 | 55 | 70 | -58 | 701 |
HBM24-258 | 435012 | 7548082 | 56 | 74 | -57 | 616 |
HBM24-260 | 434309 | 7549320 | 49 | 83 | -73 | 1,056 |
HBM24-264 | 434303 | 7548413 | 38 | 64 | -50 | 1,250 |
HBM24-266 | 434104 | 7549549 | 52 | 53 | -61 | 1,080 |
HBM24-267 | 434372 | 7549082 | 54 | 63 | -62 | 921 |
HBM24-272 | 434334 | 7548811 | 51 | 87 | -53 | 1,097 |
HBM24-274 | 434797 | 7548194 | 34 | 69 | -53 | 753 |
Kittila | ||||||
RIE24-702F | 2558696 | 7538559 | -935 | 91 | -59 | 1,008 |
RIE24-702C | 2558696 | 7538559 | -935 | 91 | -59 | 927 |
RIE24-702G | 2558696 | 7538559 | -935 | 91 | -59 | 967 |
RIE24-702H | 2558696 | 7538559 | -935 | 91 | -59 | 898 |
RIE24-700L | 2558637 | 7539598 | -711 | 90 | -59 | 1,287+ (in progress) |
RIE24-700J | 2558637 | 7539598 | -711 | 90 | -59 | 553 |
ROD24-700 | 7558696 | 7538459 | -949 | 91 | -60 | 822 |
*Coordinate Systems: NAD 83 UTM Zone 17N for Odyssey and LaRonde; NAD 1983 UTM Zone 17N for Detour Lake and Macassa; NAD 1983 UTM Zone 13N for Hope Bay; and Finnish Coordinate System KKJ Zone 2 for Kittila. |
View original content to download multimedia:https://www.prnewswire.com/news-releases/agnico-eagle-provides-an-update-on-2024-exploration-results-and-2025-exploration-plans--mineral-reserves-increase-1-year-over-year-to-54-3-moz-updated-mineral-reserves-of-2-8-moz-declared-at-upper-beaver-inferred-mineral-resou-302376400.html
SOURCE Agnico Eagle Mines Limited
FAQ
What is AEM's total gold mineral reserve as of December 31, 2024?
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