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 Limited logo (CNW Group/Agnico Eagle Mines Limited) 

 
 

  Stock Symbol: AEM (NYSE and TSX)  

 

  (All amounts expressed in U.S. dollars unless otherwise noted)  

 

Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) ("Agnico Eagle" or the "Company") is pleased to provide an update on year-end 2024 mineral reserves and mineral resources, exploration activities at mine sites and select advanced projects in 2024, and the Company's exploration plans and guidance for 2025. The Company's exploration focus remains on extending mine life at existing operations, testing near-mine opportunities and advancing key value driver projects.

 

"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 8%. The exploration program continued to yield exciting results at our key mines and pipeline projects, which drove the replacement of our mineral reserves and the increase in our inferred mineral resources by nearly 10%, primarily from additions at Detour Lake, Canadian Malartic and Hope Bay," said Guy Gosselin , Agnico Eagle's Executive Vice-President, Exploration. "Our 2025 exploration program is the continuation of this effort to define the full potential of our operating assets, aiming to extend the life of mine at existing operations and advance the assessment of the potential of our pipeline projects to support the Company's vision for future growth," added Mr. Gosselin.

 

  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 and Fosterville , 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 the Madrid deposit including the Patch 7 zone to expand and upgrade mineral resources
  •  
  •   Exploration guidance – In 2025, the Company expects to spend between $290 million and $310 million for capitalized and expensed exploration and between $215 million and $235 million for exploration project expenses, studies and other corporate development expenses. 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 2025 include continued drilling of the Detour Lake underground project, assessing the full potential of the Canadian Malartic property, supporting regional synergies in Abitibi and exploring Hope Bay
  •  

  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 0.9% (0.47 million ounce) increase in contained ounces of gold compared to the proven and probable mineral reserve estimate of 53.8 million ounces of gold (1,287 million tonnes grading 1.30 g/t gold) at year-end 2023 (see the Company's news release dated February 15, 2024 for details regarding the Company's December 31, 2023 proven and probable mineral reserve estimate).

 

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: Fosterville , Macassa (including Amalgamated Kirkland ("AK") and Near Surface), Meliadine, Amaruq and LaRonde achieved a combined average mineral reserve replacement of 70% as a result of successful exploration and conversion drilling.

 

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 Kirkland Lake camp and the Malartic camp at Canadian Malartic and advance the "fill-the-mill" strategy.

 

Mineral reserves were calculated using a gold price of $1,450 per ounce for most operating assets, with exceptions that include: Detour Lake open pit using $1,400 per ounce; Amaruq using $1,650 per ounce; Pinos Altos using $1,800 per ounce; and variable assumptions for some other pipeline projects, including Wasamac using $1,650 per ounce. 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 mines and advanced projects, see "Detailed Mineral Reserve and Mineral Resource Data (as at December 31, 2024 )" and "Assumptions used for the December 31, 2024 mineral reserve and mineral resource estimates reported by the Company" below.

 

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 Malartic mine  

 
 

  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  

 
 

  

 
 

   Fosterville   

 
 

  1,650  

 
 

  1,682  

 
 

  -32  

 
 
 

  5.37  

 
 

  6.10  

 
 

  -0.73  

 
 

   Kittila   

 
 

  3,400  

 
 

  3,584  

 
 

  -184  

 
 
 

  4.16  

 
 

  4.14  

 
 

  0.02  

 
 

   Pinos Altos   

 
 

  433  

 
 

  546  

 
 

  -113  

 
 
 

  1.94  

 
 

  1.90  

 
 

  0.03  

 
 

   San Nicolás (50%)*   

 
 

  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 50% interest in San Nicolás, which will be contributed as study and development costs are incurred and, accordingly, Agnico Eagle's share of the reported MRMR at San Nicolás 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 13% 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 13% decrease in the gold contained in proven and probable mineral reserves.

 

  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 2.3% (1.0 million ounce) decrease in contained ounces of gold compared to the measured and indicated mineral resource estimate at year-end 2023 (see the Company's news release dated February 15, 2024 for details regarding the Company's December 31, 2023 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 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, East Malartic , Upper Beaver, Hope Bay and other sites.

 

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 Madrid deposit, conversion drilling was accelerated, resulting in the declaration of an initial indicated mineral resource at December 31, 2024 of 0.9 million ounces of gold (4.3 million tonnes grading 6.64 g/t gold) in Patch 7, which also hosts an additional 0.8 million ounces of gold (4.4 million tonnes grading 5.40 g/t gold) in inferred mineral resources.

 

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 East Malartic deposit at the Odyssey underground mine, resulting in the successful conversion of 2.1 million ounces of gold into indicated mineral resources at East Malartic for a total of 2.9 million ounces of gold (57.4 million tonnes grading 1.98 g/t gold).

 

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 9.5% (3.1 million ounce) increase in contained ounces of gold compared to the inferred mineral resource estimate a year earlier (see the news release dated February 15, 2024 for details regarding the Company's December 31, 2023 inferred mineral resource estimate).

 

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, Fosterville and Macassa.

 

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 Malartic mine  

 
 

  

 
 

  

 
 
 

  129  

 
 

  0.72  

 
 

  Odyssey deposit  

 
 

  105  

 
 

  1.77  

 
 
 

  1,520  

 
 

  2.33  

 
 

  East Malartic  

 
 

  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  

 
 

   Upper Canada   

 
 

  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  

 
 

   Fosterville   

 
 

  1,527  

 
 

  3.72  

 
 
 

  1,769  

 
 

  4.31  

 
 

   Northern Territory   

 
 

  1,668  

 
 

  2.38  

 
 
 

  1,376  

 
 

  2.40  

 
 

   Kittila   

 
 

  1,899  

 
 

  2.98  

 
 
 

  1,011  

 
 

  4.91  

 
 

   Barsele (55%)   

 
 

  176  

 
 

  1.27  

 
 
 

  1,005  

 
 

  1.98  

 
 

   Pinos Altos   

 
 

  741  

 
 

  2.09  

 
 
 

  58  

 
 

  1.67  

 
 

   La India   

 
 

  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 (50%)*   

 
 

  20  

 
 

  0.19  

 
 
 

  10  

 
 

  0.13  

 
 

   Santa Gertrudis   

 
 

  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 50% interest in San Nicolás, which will be contributed as study and development costs are incurred and, accordingly, Agnico Eagle's share of the reported MRMR at San Nicolás 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, 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)   

 
 

  $1,450  

 
 

  $20.00  

 
 

  $3.75  

 
 

  $1.10  

 
 
 
 
 
 

  *Exceptions: US$1,350 per ounce of gold used for Hammond Reef and Hope Bay; US$1,400 per ounce of gold used for Detour Lake open pit; US$1,650 per ounce of gold used for Wasamac and Amaruq; US$1,800 per ounce of gold and US$24.00 per ounce of silver used for Pinos Altos; and US$1,300 per ounce of gold and US$3.00 per pound of copper used for San Nicolás.  

 
 
 
 
         
 

   Metal Price for Mineral Resource Estimation*   

 
 

   Gold ($/oz)   

 
 

   Silver ($/oz)   

 
 

   Copper ($/lb)   

 
 

   Zinc ($/lb)   

 
 

  $1,750  

 
 

  $23.00  

 
 

  $4.00  

 
 

  $1.20  

 
 
 
 
 
 

  *Exceptions: US$1,200 per ounce of gold used for Holt complex; US$1,300 per ounce of gold used for Detour Zone 58N; US$1,450 per ounce of gold used for Canadian Malartic; US$1,500 per ounce of gold used for Northern Territory; US$1,533 per ounce of gold used for Barsele; US$1,650 per ounce of gold used for Detour Lake, La India and Chipriona; US$1,667 per ounce of gold used for Upper Canada and El Barqueño; US$22.67 per ounce of silver used for El Barqueño; US$1,688 per ounce of gold used for Anoki-McBean, Hammond Reef and Tarachi; US$1,688 per ounce of gold and 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; and US$1,800 per ounce of gold and US$24.00 per ounce of silver used for Pinos Altos.  

 
 
 
 
         
 

   Exchange Rates*   

 
 

   C$ per US$1.00   

 
 

   MXP per US$1.00   

 
 

   A$ per US$1.00   

 
 

   € per US$1.00   

 
 

  C$1.34  

 
 

  MXP18.00  

 
 

  A$1.45  

 
 

  €0.91  

 
 
 
 
 
 

  *Exceptions: exchange rates of C$1.25 per US$1.00 used for Upper Canada, Holt complex and Detour Lake Zone 58N; C$1.30 per US$1.00 used for Detour Lake open pit, Detour Lake underground, Hammond Reef and Hope Bay; EUR 0.87 per US$1.00 used for Barsele; and MXP17.00 per US$1.00 used for Tarachi.  

 
 
 

The above metal price assumptions are all below the three-year historic averages (from January 1, 2022 to December 31, 2024 ) of approximately $2,053 per ounce of gold, $24.58 per ounce of silver, $4.02 per pound of copper and $1.34 per pound of zinc.

 

  2025 EXPLORATION GUIDANCE  

 

In 2025, the Company's total exploration expenditures and project expenses are expected to be between $505 million and $545 million , with a mid-point of $525 million . The total exploration expenditures include estimated capitalized exploration of $300 million and estimated exploration and corporate development expenses of $225 million , which are comprised of $153 million for expensed exploration and $72 million for project technical evaluations, 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 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)   

 
 

   (000s m)   

 
 
 

   ($ 000s)   

 
 

   ($ 000s)   

 
 

   (000s m)   

 
 

   Quebec   

 
 
 
 
 
 
 
 

  LaRonde  

 
 

  $ 2,200  

 
 

  12.7  

 
 
 

  $ 5,500  

 
 

  $ —  

 
 

  30.5  

 
 

  Canadian Malartic  

 
 

  15,000  

 
 

  63.0  

 
 
 

  2,800  

 
 

  22,300  

 
 

  153.3  

 
 

  Goldex  

 
 

  2,400  

 
 

  19.0  

 
 
 

  2,200  

 
 

  2,100  

 
 

  33.5  

 
 

  Quebec regional  

 
 

  7,500  

 
 

  25.0  

 
 
 

  

 
 

  

 
 

  

 
 
 
 
 
 
 
 
 

   Ontario   

 
 
 
 
 
 
 
 

  Detour Lake  

 
 

  3,600  

 
 

  5.5  

 
 
 

  

 
 

  27,500  

 
 

  163.0  

 
 

  Macassa  

 
 

  

 
 

  

 
 
 

  2,600  

 
 

  31,000  

 
 

  179.9  

 
 

  Ontario regional  

 
 

  16,200  

 
 

  30.8  

 
 
 

  

 
 

  

 
 

  

 
 
 
 
 
 
 
 
 

   Nunavut   

 
 
 
 
 
 
 
 

  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  

 
 

  Nunavut regional  

 
 

  8,100  

 
 

  17.5  

 
 
 

  

 
 

  

 
 

  

 
 
 
 
 
 
 
 
 

   Australia   

 
 
 
 
 
 
 
 

  Fosterville  

 
 

  16,000  

 
 

  39.8  

 
 
 

  800  

 
 

  9,700  

 
 

  44.5  

 
 

  Northern Territory  

 
 

  4,900  

 
 

  10.9  

 
 
 

  

 
 

  

 
 

  

 
 
 
 
 
 
 
 
 

   Europe   

 
 
 
 
 
 
 
 

  Kittila  

 
 

  4,600  

 
 

  17.0  

 
 
 

  3,900  

 
 

  6,900  

 
 

  66.0  

 
 

  Europe regional  

 
 

  9,500  

 
 

  16.5  

 
 
 

  

 
 

  

 
 

  

 
 
 
 
 
 
 
 
 

   Mexico   

 
 
 
 
 
 
 
 

  Pinos Altos  

 
 

  1,700  

 
 

  8.1  

 
 
 

  2,100  

 
 

  

 
 

  11.5  

 
 

  Mexico regional  

 
 

  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 – QUEBEC    

 

  CANADIAN MALARTIC   

 

  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 East Malartic ). The Odyssey mine now hosts a total of 5.6 million ounces of gold in proven and probable mineral reserves (52.6 million tonnes grading 3.28 g/t gold), 3.2 million ounces 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). These substantial mineral reserves and mineral resources support the Company's vision for Canadian Malartic to potentially expand production in the future in combination with the development of satellite orebodies in the surrounding area.

 

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 110%, replacing more than the 2024 mined gold.

 

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 East Malartic deposit at Odyssey was carried out, and the inclusion of historical data and production knowledge resulted in the conversion of an additional 2.1 million ounces of indicated mineral resources.

 

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 47% of the total inferred mineral resources at Odyssey.

 

  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 $40.1 million for 216,300 metres of drilling at Canadian Malartic in 2025. Exploration at Odyssey includes $29.7 million for 176,300 metres of drilling with the objective of continuing conversion of inferred mineral resources to indicated mineral resources at the East Gouldie and Odyssey deposits, and expanding the footprint of East Gouldie. The exploration results will be used to support a potential expansion project at Odyssey including a conceptual second shaft scenario to increase the overall site throughput that would utilize some of the available milling capacity at the complex when the open pit activities are concluded in the future.

 

The remaining $10.4 million is planned to be spent on 40,000 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.

 

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 $2.3 million for 10,000 metres of drilling at Wasamac in 2025 as part of a larger Quebec regional exploration program expected to total $7.5 million for 25,000 metres. The drilling program at Wasamac will focus on exploring the eastern extension of the Wasamac deposit in the Wasa shear zone.

 

An additional $6.8 million is expected to be spent in 2025 for further technical evaluation at Wasamac as the Company continues to assess various scenarios regarding optimal mining rates and milling strategies for possible mine construction at the project.

 

  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 $7.7 million for 43,200 metres of drilling at LaRonde in 2025, including $2.2 million for 12,700 metres of expensed drilling and $5.5 million for 30,500 metres of capitalized drilling.

 

  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 $6.5 million for 52,500 metres of drilling at Goldex in 2025, including $4.1 million on capitalized drilling, mainly focused on the conversion and extension of the South and Deep 2 zones. The remaining $2.4 million is for 19,000 metres of exploration drilling, including 15,400 metres to test multiple extensional targets laterally and at depth of the main mining areas.

 

   ABITIBI REGION – ONTARIO    

 

  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 $31.1 million for 168,500 metres of drilling at Detour Lake in 2025, including $27.5 million for 163,000 metres of capitalized drilling to continue converting the inferred mineral resources into indicated mineral resources as well as the mineral potential in the western extension of the orebody into inferred mineral resources. The diamond drilling will continue exclusively from surface in 2025 until the first underground drill stations are made available. The objective of the program is to attempt to further de-risk the potential underground mining project by improving confidence in the geological interpretation and grade continuity within the high-grade corridors.

 

An additional $40.5 million in capitalized expenses is expected to be spent in 2025 to advance the underground mining project, which will mostly consist of preparatory work, ramp-portal construction and decline excavation.

 

The Company also expects to spend approximately $3.6 million for 5,500 metres of regional drilling in 2025, to explore satellite targets on the Company's large land position on the Detour Lake property as well as the adjacent Detour East property.

 

  MACASSA  

 

  MRMR Highlights  

 

Macassa's Main Break and SMC zones and the adjacent Near Surface and AK deposits together achieved 78% replacement of their mining depletion (a combined 287,000 ounces of gold in-situ mined) in mineral reserves in 2024.

 

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 22% (140,000 ounces of gold) in measured and indicated mineral resources and an increase of 13% (148,000 ounces of gold) in inferred mineral resources.

 

  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 Kirkland Lake camp below historic mines.

 

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 $33.5 million for 179,900 metres of capitalized drilling at Macassa in 2025, with the objective of increasing and upgrading 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 Near Surface deposits will target mineral resource conversion and expansion.

 

As a part of an Ontario regional exploration plan totalling $16.2 million for 16,200 metres in 2025, the Company's ongoing surface exploration campaign in the Kirkland Lake camp will include additional 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 camp to provide support for future development of underground exploration drifts.

 

  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 0.24% copper) as at December 31, 2024 .

 

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 –   I   so   metric View and   Composite Longitudinal Section]   

 

    NUNAVUT    

 

  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 $20.5 million for 86,900 metres of drilling at Meliadine in 2025, including $19.2 million for 80,300 metres of capitalized drilling and $1.3 million for 6,600 metres of expensed drilling. The drilling will be focused on expanding and converting near-mine mineralization and testing multiple mineralized plunges at depth that remain open in the main deposits.

 

  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 $5.9 million for 8,300 metres of expensed exploration drilling at Amaruq in 2025, focused on testing the continuity and extension of mineralization at depth at Whale Tail, and converting mineral resources at IVR and in the Kangislulik Lake (formerly named Mammoth Lake) area to the west of the Whale Tail deposit.

 

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 Madrid deposit in 2023, the conversion drilling program was accelerated in 2024 leading to an initial indicated mineral resource for Patch 7 of 0.9 million ounces of gold (4.3 million tonnes grading 6.64 g/t gold) as at December 31, 2024 . In addition, inferred mineral resources for Patch 7 saw an increase of 205,000 ounces of gold despite the previously described ounces converted to indicated mineral resources, bringing the total to 2.3 million ounces of gold (13.2 million tonnes grading 5.44 g/t gold) by year-end 2024. These results indicate positive growth in mineral resources and a solid foundation for the future of the project.

 

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 Madrid and regional programs. The Madrid program focused on mineral resource expansion and conversion at Patch 7, following the positive results from the 2023 drill program, where wide, high-grade intersections were obtained in what had been a largely unexplored area. Recent results supported the mineral resource addition discussed above and provided improved geological comprehension of mineralization distribution and related structures.

 

Selected recent drill intersections from the Madrid deposit are set out in the composite longitudinal section below and in a table in the Appendix.

 

   [     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 $41.9 million for 110,000 metres of drilling at Hope Bay in 2025, including $28.0 million for 70,000 metres of expensed drilling and $13.9 million for 40,000 metres of capitalized drilling. An additional $19.9 million of capitalized expenses in 2025 will be used to continue the exploration ramp development at the Madrid deposit and for technical evaluation. The objective of the program is mineral resource conversion and expansion of the Madrid deposit, as well as the drilling of regional targets in the area that encompasses the extensions of the Doris and Madrid deposits.

 

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.

 

    AUSTRALIA    

 

   FOSTERVILLE   

 

  MRMR Highlights  

 

  Fosterville successfully replaced 86% of mining depletion in 2024 with new mineral reserves. The replacement was achieved mainly through infill drilling in Robbins Hill and South Phoenix . In total 201,000 ounces of gold were added to mineral reserves, partly offsetting the 233,000 ounces of gold in-situ that were depleted from mineral reserves by 2024 production.

 

  Fosterville added 543,000 ounces of gold in inferred mineral resources, mainly from successful exploration drilling at Phoenix and Robbins Hill, partially offset by the conversion of 236,000 ounces of gold of inferred mineral resources to indicated mineral resources. The net addition year over year resulted in 308,000 ounces of gold in inferred mineral resources for a total of 1.8 million ounces of gold (12.8 million tonnes grading 4.31 g/t gold) at year-end 2024. The evolution of the inferred mineral resources could unlock an opportunity to transition the mine planning to increased throughput at a lower grade as the ultra-high grade Swan Zone is being depleted, with the Company continuing to explore for the potential of other Swan Zone-like structures on the land package surrounding the mine.

 

  2024 Exploration Highlights  

 

At Fosterville in 2024, exploration drilling totalled 69,374 metres split between programs targeting 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, identifying new mineralization south of the main Curie Zone.

 

  2025 Exploration Plan and Guidance  

 

The Company expects to spend approximately $10.3 million for 44,500 metres of capitalized drilling at Fosterville in 2025, focused on the extensions of mineral reserves and mineral resources at Lower Phoenix and Robbins Hill. An additional $16.0 million is budgeted for 39,800 metres of underground and surface expensed exploration to test new geological targets, including parallel faults and folds to the main Fosterville host structure, exploring for similar geological context to the Swan Zone structure.

 

    FINLAND    

 

  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 $15.4 million for 83,000 metres of drilling at Kittila in 2025, focused on the Main zone in the Roura and Rimpi areas as well as the Sisar zone. The drilling includes 17,000 metres of capitalized conversion and 66,000 metres of capitalized exploration as described above. New drill stations should be available in 2025 to further explore the northern extensions of the Main and Sisar zones potentially beyond the Rimpi area.

 

    MEXICO    

 

   PINOS ALTOS   

 

  2024 Exploration Highlights  

 

At Pinos Altos in 2024, exploration drilling totalled 21,491 metres, focused on the Pinos Altos Deep project beneath the current underground mine as well as targeting areas beneath the known mineralization at Cubiro, Oberon de Weber, Cerro Colorado and Sinter.

 

  2025 Exploration Plan and Guidance  

 

The Company expects to spend approximately $3.8 million for 19,600 metres of capitalized and expensed exploration drilling at Pinos Altos in 2025.

 

  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 , with a pipeline of high-quality exploration and development projects. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading sustainability practices. Agnico Eagle was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.

 

  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 U.S. Securities and Exchange Commission (the "SEC"), the Company's news release dated February 13, 2025 announcing its full year 2024 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 Company's plans for its exploration, development and mining operations are not changed or amended in a material way; 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 the effect of tariffs will not materially affect the price or availability of the inputs the Company uses in its operations; 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, Fosterville and other properties is as expected by the Company and that the Company's efforts to mitigate its effect on mining operations, including with respect to community relations, are successful; that the Company's current plans to address climate change and reduce greenhouse gas emissions 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 measures in response to pandemics or other health emergencies 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, pandemics or other health emergencies 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 at LaRonde, Goldex and Fosterville ; mining risks; community protests, including by Indigenous groups; risks associated with foreign operations; risks associated with joint ventures; 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 of 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").

 

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 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 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
Method*
 

 
 

  000  

 

  Tonnes  

 
 

  g/t  

 
 

  000 Oz
Au
 

 
 

  000
Tonnes
 

 
 

  g/t  

 
 

  000 Oz
Au
 

 
 

  000
Tonnes
 

 
 

  g/t  

 
 

  000 Oz
Au
 

 
 

  Recovery
%**
 

 
 

  LaRonde mine 1  

 
 

  U/G  

 
 

  2,398  

 
 

  4.84  

 
 

  373  

 
 

  8,334  

 
 

  6.38  

 
 

  1,709  

 
 

  10,731  

 
 

  6.03  

 
 

  2,081  

 
 

  94.6  

 
 

  LaRonde Zone 5 2  

 
 

  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 Malartic mine 3  

 
 

  O/P  

 
 

  40,383  

 
 

  0.52  

 
 

  677  

 
 

  34,533  

 
 

  1.14  

 
 

  1,267  

 
 

  74,916  

 
 

  0.81  

 
 

  1,944  

 
 

  89.3  

 
 

  Odyssey deposit 4  

 
 

  U/G  

 
 

  36  

 
 

  2.41  

 
 

  3  

 
 

  4,318  

 
 

  2.27  

 
 

  315  

 
 

  4,354  

 
 

  2.27  

 
 

  317  

 
 

  95.0  

 
 

  East Gouldie 5  

 
 

  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   

 
 
 

  Goldex 6  

 
 

  U/G  

 
 

  5,472  

 
 

  1.43  

 
 

  251  

 
 

  10,137  

 
 

  1.65  

 
 

  538  

 
 

  15,609  

 
 

  1.57  

 
 

  789  

 
 

  86.9  

 
 

  Akasaba West 7  

 
 

  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 Total   8    

 
 

   128,454   

 
 

   0.81   

 
 

   3,333   

 
 

   666,651   

 
 

   0.73   

 
 

   15,718   

 
 

   795,105   

 
 

   0.75   

 
 

   19,051   

 
 
 

  Macassa 9  

 
 

  U/G  

 
 

  325  

 
 

  13.24  

 
 

  138  

 
 

  5,096  

 
 

  10.32  

 
 

  1,691  

 
 

  5,421  

 
 

  10.50  

 
 

  1,829  

 
 

  97.1  

 
 

  Macassa Near Surface 10  

 
 

  U/G  

 
 

  4  

 
 

  7.76  

 
 

  1  

 
 

  65  

 
 

  5.15  

 
 

  11  

 
 

  69  

 
 

  5.31  

 
 

  12  

 
 

  95.0  

 
 

  AK deposit 11  

 
 

  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 Beaver 12  

 
 

  O/P  

 
 

  

 
 

  

 
 

  

 
 

  3,235  

 
 

  1.82  

 
 

  189  

 
 

  3,235  

 
 

  1.82  

 
 

  189  

 
 

  95.5  

 
 

  Upper Beaver 12  

 
 

  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 Reef   13    

 
 

  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 Total   14    

 
 

   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 Total   15    

 
 
 

   1,990   

 
 

   6.37   

 
 

   407   

 
 

   17,798   

 
 

   5.17   

 
 

   2,958   

 
 

   19,788   

 
 

   5.29   

 
 

   3,365   

 
 
 

   Hope Bay   16    

 
 

  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
Method*
 

 
 

  000  

 

  Tonnes  

 
 

  g/t  

 
 

  000 Oz
Au
 

 
 

  000
Tonnes
 

 
 

  g/t  

 
 

  000 Oz
Au
 

 
 

  000
Tonnes
 

 
 

  g/t  

 
 

  000 Oz
Au
 

 
 

  Recovery
%**
 

 
 

   Fosterville   17    

 
 

  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   

 
 
 

   Kittila   18    

 
 

  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   

 
 
 

  Pinos Altos  

 
 

  O/P  

 
 

  

 
 

  

 
 

  

 
 

  1,884  

 
 

  1.04  

 
 

  63  

 
 

  1,884  

 
 

  1.04  

 
 

  63  

 
 

  94.4  

 
 

  Pinos Altos  

 
 

  U/G  

 
 

  1,484  

 
 

  2.09  

 
 

  100  

 
 

  3,589  

 
 

  2.35  

 
 

  271  

 
 

  5,072  

 
 

  2.27  

 
 

  370  

 
 

  94.1  

 
 

   Pinos Altos Total   19    

 
 

   1,484   

 
 

   2.09   

 
 

   100   

 
 

   5,472   

 
 

   1.90   

 
 

   334   

 
 

   6,956   

 
 

   1.94   

 
 

   433   

 
 
 

   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   

 
 
 

   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
Method*
 

 
 

  000  

 

  Tonnes  

 
 

  g/t  

 
 

  000 Oz
Ag
 

 
 

  000
Tonnes
 

 
 

  g/t  

 
 

  000 Oz
Ag
 

 
 

  000
Tonnes
 

 
 

  g/t  

 
 

  000 Oz
Ag
 

 
 

  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  

 
 

  Pinos Altos  

 
 

  O/P  

 
 

  

 
 

  

 
 

  

 
 

  1,884  

 
 

  32.53  

 
 

  1,970  

 
 

  1,884  

 
 

  32.53  

 
 

  1,970  

 
 

  44.5  

 
 

  Pinos Altos  

 
 

  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 (50%)   

 
 

  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
Method*
 

 
 

  000  

 

  Tonnes  

 
 

  %  

 
 

  Tonnes
Cu
 

 
 

  000
Tonnes
 

 
 

  %  

 
 

  Tonnes
Cu
 

 
 

  000
Tonnes
 

 
 

  %  

 
 

  Tonnes
Cu
 

 
 

  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 (50%)   

 
 

  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
Method*
 

 
 

  000  

 

  Tonnes  

 
 

  %  

 
 

  Tonnes
Zn
 

 
 

  000
Tonnes
 

 
 

  %  

 
 

  Tonnes
Zn
 

 
 

  000
Tonnes
 

 
 

  %  

 
 

  Tonnes
Zn
 

 
 

  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 (50%)   

 
 

  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 C$87/t for LP1 (Area 11-3) and not less than C$210/t for LaRonde.  

 
 

   2 LaRonde Zone 5: Gold cut-off grade varies according to stope size and depth, not less than 1.44 g/t.  

 
 

   3 Canadian Malartic: Gold cut-off grade is 0.35 g/t.  

 
 

   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 C$31.96/t.  

 
 

   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 Kirkland ("AK") deposit: Gold cut-off grade not less than 2.43 g/t.  

 
 

   12 Upper Beaver: Net smelter value cut-off varies according to mining type, not less than C$118.17/t for underground and C$43.49/t for open pit.  

 
 

   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 Fosterville: Gold cut-off grade varies according to mining zone and type, not less than 3.10 g/t.  

 
 

   18 Kittila: Gold cut-off grade varies according to haulage distance, not less than 2.63 g/t.  

 
 

   19 Pinos Altos: Net smelter value cut-off varies according to mining zone and type, not less than C$11.09/t for open pit mineral reserves and US$63.43/t for the underground mineral reserves.  

 
 

   20 San 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, 2024   

 
 

   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 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 Malartic mine  

 
 

  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  

 
 

  East Malartic  

 
 

  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   

 
 

  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   

 
 
 

   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
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
 

 
 

   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   

 
 

  Fosterville  

 
 

  O/P  

 
 

  843  

 
 

  2.79  

 
 

  75  

 
 

  2,371  

 
 

  3.21  

 
 

  245  

 
 

  3,214  

 
 

  3.10  

 
 

  320  

 
 

  692  

 
 

  2.45  

 
 

  54  

 
 

  Fosterville  

 
 

  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   

 
 

  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   

 
 
 

   1,585   

 
 

   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 (55%)  

 
 

  O/P  

 
 

  

 
 

  

 
 

  

 
 

  3,178  

 
 

  1.08  

 
 

  111  

 
 

  3,178  

 
 

  1.08  

 
 

  111  

 
 

  2,260  

 
 

  1.25  

 
 

  91  

 
 

  Barsele (55%)  

 
 

  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   

 
 

  Pinos Altos  

 
 

  O/P  

 
 

  

 
 

  

 
 

  

 
 

  1,248  

 
 

  0.79  

 
 

  32  

 
 

  1,248  

 
 

  0.79  

 
 

  32  

 
 

  106  

 
 

  0.60  

 
 

  2  

 
 

  Pinos Altos  

 
 

  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 India   

 
 

  O/P  

 
 

  4,478  

 
 

  0.52  

 
 

  74  

 
 

  880  

 
 

  0.53  

 
 

  15  

 
 

  5,358  

 
 

  0.52  

 
 

  89  

 
 

  

 
 

  

 
 

  

 
 

   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   

 
 

   73,336   

 
 

   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
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 mine   

 
 

  U/G  

 
 

  

 
 

  

 
 

  

 
 

  5,851  

 
 

  15.28  

 
 

  2,873  

 
 

  5,851  

 
 

  15.28  

 
 

  2,873  

 
 

  1,619  

 
 

  11.14  

 
 

  580  

 
 

  Pinos Altos  

 
 

  O/P  

 
 

  

 
 

  

 
 

  

 
 

  1,248  

 
 

  19.20  

 
 

  770  

 
 

  1,248  

 
 

  19.20  

 
 

  770  

 
 

  106  

 
 

  12.38  

 
 

  42  

 
 

  Pinos Altos  

 
 

  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 India   

 
 

  O/P  

 
 

  4,478  

 
 

  2.72  

 
 

  391  

 
 

  880  

 
 

  2.58  

 
 

  73  

 
 

  5,358  

 
 

  2.70  

 
 

  464  

 
 

  

 
 

  

 
 

  

 
 

   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   

 
 

   59,897   

 
 

   31.20   

 
 

   60,080   

 
 

   64,636   

 
 

   29.13   

 
 

   60,525   

 
 

   39,058   

 
 

   28.27   

 
 

   35,504   

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

   Copper   

 
 

  Mining
Method*
 

 
 

  000
Tonnes
 

 
 

  %  

 
 

  Tonnes
Cu
 

 
 

  000
Tonnes
 

 
 

  %  

 
 

  Tonnes
Cu
 

 
 

  000
Tonnes
 

 
 

  %  

 
 

  Tonnes
Cu
 

 
 

  000
Tonnes
 

 
 

  %  

 
 

  Tonnes
Cu
 

 
 

   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 (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   

 
 

   40,402   

 
 

   0.26   

 
 

   106,637   

 
 

   40,662   

 
 

   0.27   

 
 

   110,163   

 
 

   22,036   

 
 

   0.28   

 
 

   62,075   

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

   Zinc   

 
 

  Mining
Method*
 

 
 

  000
Tonnes
 

 
 

  %  

 
 

  Tonnes
Zn
 

 
 

  000
Tonnes
 

 
 

  %  

 
 

  Tonnes
Zn
 

 
 

  000
Tonnes
 

 
 

  %  

 
 

  Tonne  

 

  s Zn  

 

  \  

 
 

  000
Tonnes
 

 
 

  %  

 
 

  Tonnes
Zn
 

 
 

   LaRonde mine   

 
 

  U/G  

 
 

  

 
 

  

 
 

  

 
 

  5,851  

 
 

  1.00  

 
 

  58,633  

 
 

  5,851  

 
 

  1  

 
 

  58,633  

 
 

  1,619  

 
 

  0.34  

 
 

  5,520  

 
 

   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   

 
 

   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, Ontario, Canada, NI 43-101 Technical Report (September 20, 2024); 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); and the Updated Technical Report on the Meliadine Gold Project, Nunavut, Canada (February 11, 2015).

 

  APPENDIX – EXPLORATION DETAILS  

 

  LZ5 mine and LaRonde mine at LaRonde  

 
 
                                                                                                                                                                        
 

  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-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
below surface (metres)
 

 
 

  Estimated true
width (metres)
 

 
 

  Gold grade (g/t)
(uncapped)
 

 
 

  Gold grade (g/t)
(capped)*
 

 
 

  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
below surface (metres)
 

 
 

  Estimated true width
(metres)
 

 
 

  Gold grade (g/t)
(uncapped)*
 

 
 

  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
surface (metres)
 

 
 

  Estimated true
width (metres)
 

 
 

  Gold grade  

 

  (g/t)
(uncapped)
 

 
 

  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.  

 
 
 

   Madrid deposit 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)*  

 
 

  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 Madrid deposit at Hope Bay use a capping factor of 50 g/t gold.  

 
 
 

  Main and Sisar 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)*
 

 
 

  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
(metres above sea level)
 

 
 

  Azimuth
(degrees)
 

 
 

  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.  

 
 
 
 
 

 Cision 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

 

 

 

 Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2025/13/c6635.html  

 
 

 

News Provided by Canada Newswire via QuoteMedia

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Agnico Eagle Mines Limited

Agnico Eagle Mines Limited

Agnico Eagle Mines is a gold miner operating mines in Canada, Mexico, and Finland. It also owns 50% of the Canadian Malartic mine. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines on line in rapid succession in the following years. The company produced more than 1.7 million gold ounces in 2020. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions.

Structural Monitoring Systems

AEM’s MTP136D Radio Gains Full U.S. Forest Service Approval

Structural Monitoring Systems Plc (“SMS” or “the Company”) (ASX: SMN) is pleased to announce that its wholly owned subsidiary, Anodyne Electronics Manufacturing Corp. (“AEM”), has received full approval from the United States Forest Service (USFS) and Department of the Interior (DOI) for its revolutionary MTP136D Panel-Mount Forest Service Radio. This approval authorises its use in all federally regulated aerial firefighting agency and contractor aircraft across the United States.

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Impact Minerals

World-Leading Low-Carbon Credentials for the Lake Hope High Purity Alumina (HPA) Project, WA

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  Desoto Resources Limited

Acquisition of High-Grade Rare Earths Project in the Northern Territory

Best intercept of 50m @ 1.55% TREO, incl. 12m @ 4.51% TREO (14.9% Nd/Pr)

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Red Light Holland's Majority Owned AEM Farm Collaborates with Agro-Projects for Multi-Million-Dollar Mushroom Farm Expansion in Peterborough, Ontario

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Red Light Holland Corp. (CSE: TRIP) (FSE: 4YX) (OTCQB: TRUFF) ("Red Light Holland" or the "Company"), a company engaged in the production, growth and sale of functional mushrooms and mushroom home grow kits in North America and Europe and a premium brand of psilocybin truffles to the legal, recreational market within the Netherlands, is pleased to announce a significant step forward in its endeavor to revolutionize the mushroom industry. Its subsidiary, Acadian Exotic Mushrooms Ltd. ("AEM Farms"), has partnered with Agro-Projects Export Sp. z o.o. Sp.k. ("Agro-Projects"), a Polish firm renowned for its expertise in designing technologically advanced mushroom cultivation facilities. Together, they are embarking on a $5.5 million contract to construct an 85,000 square foot state-of-the-art vertical mushroom farm and composting facility in Peterborough, Ontario.

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White Gold Corp. Discovers 1 km Long Gold-In-Soil Anomaly 9 km Northwest of Its VG Deposit, White Gold District, Yukon, Canada

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White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA: 29W ) (the "Company") is pleased to announce that a soil sampling survey completed during the 2023 field season has identified a new 1 km long gold-in-soil anomaly on the QV property, located approximately 9 km northwest of the VG deposit which remains open for expansion (Figures 1 & 2). Soil sampling results range from trace up to a maximum of 496.7 ppb Au with associated anomalous tellurium. The new soil geochemical anomaly appears to be similar in character to the VG deposit and the Golden Saddle deposit which form part of the Company's flagship White Gold Project. The White Gold Project is located in west-central Yukon, Canada, and comprises 16 million tonnes averaging 2.23 gt Au for 1,152,900 ounces of gold in the Indicated Resource category and 19 million tonnes averaging 1.54 gt Au for 942,400 ounces of gold in the Inferred Resource category (1) . These results form part of the Company's 2023 exploration program on its extensive and underexplored land package in the emerging White Gold District, Yukon, supported by strategic partners including Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corporation (TSX: K, NYSE: KGC).

 

News Provided by GlobeNewswire via QuoteMedia

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Top 5 Canadian Mining Stocks This Week: Avanti Gold Gains 158 Percent on Misisi Settlement

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.

Statistics Canada released its June Labour Force Survey on Friday (July 11). The data indicated that 83,000 new jobs were added to the workforce, led by 34,000 new employees in the wholesale and retail trade category and a 17,000 worker rise in the healthcare and social assistance category.

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In Australian mining news, the Fair Work Commission ruled that BHP (ASX:BHP,NYSE:BHP,LSE:BHP) must raise the wages of 2,200 workers at three coal mines in Queensland. The workers in question were employed indirectly through a hiring firm and were being paid significantly less than their peers working directly under BHP.

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Pilbara region, Western Australia, Australia.

Pilbara 2.0: Inside Australia’s Newest Gold Frontier

The Central Pilbara region of Western Australia is undergoing a quiet revolution that is rapidly reshaping the global gold exploration landscape.

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Anchored by the multimillion-ounce Hemi discovery — one of the most significant gold finds in Australia in over a decade — this region is not just proving its geological potential, but also demonstrating the kind of scale, consistency and margin profile that modern gold investors seek. As the discovery window remains wide open and valuations are still accessible, the Central Pilbara presents a rare opportunity for early exposure to what may become one of Australia’s next tier-one gold districts.

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Is Australia on the Brink of a New Mining Super Cycle?

Mining remains as a cornerstone of Australia’s GDP and export earnings, but current global challenges such as trade disputes and price changes may be straining its foundations.

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Kobo Resources Confirms Additional High-Grade Gold Mineralization at Kossou with 15.5 m at 2.3 g/t Au, incl. 8.3 m at 3.43 g/t Au; Outlines Next Phase of Exploration at Kossou

Kobo Resources Confirms Additional High-Grade Gold Mineralization at Kossou with 15.5 m at 2.3 g/t Au, incl. 8.3 m at 3.43 g/t Au; Outlines Next Phase of Exploration at Kossou

 
  •   High-grade gold intercepts highlighted by 15.5 m at 2.30 g/t Au, incl. 8.3 m at 3.43 g/t Au at the Road Cut Zone  
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  •   Initial drilling on the gap between Jagger and Road Cut Zone confirms target structure, warrants further testing  
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  •   Current drill phase complete; Geological modelling and planning underway for 15,000 m drill program expected to begin in H2 2025  
  •  

 

 Kobo Resources Inc. (" Kobo" or the " Company ") ( TSX.V: KRI ) is pleased to report additional diamond drill results from the Road Cut Zone at its 100%-owned Kossou Gold Project (" Kossou ") in Côte d'Ivoire. Results from these holes continue to strengthen the Company's understanding of the key structural controls that define this prospective target area.

News Provided by Business Wire via QuoteMedia

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