31 results
40-F
2023 FY
AEM
Agnico Eagle Mines Ltd
22 Mar 24
Annual report (Canada)
6:16pm
The following table sets out the Company’s capital expenditures for 2023.
| | | 2023 Capital Expenditures(1) (thousands of $) | | |||||||||||||||||||||
| | | | | | | | | | | | | | | Capitalized Exploration | | |||||||||
| | | Sustaining | | | Development | | | Sustaining | | | Non-sustaining | | ||||||||||||
LaRonde Complex | | | | $ | 81,043 | | | | | $ | 68,930 | | | | | $ | 2,038 | | | | | $ | – | | |
Canadian Malartic Complex(2) | | | | | 91,028 | | | | | | 160,513 | | | | | | – | | | | | | 9,447 | | |
Goldex mine(3) | | | | | 25,908 | | | | | | 56,977 | | | | | | 1,295 | | | | | | 2,459 | | |
Detour Lake mine | | | | | 249,765 | | | | | | 140,388 | | | | | | – | | | | | | 32,515 | | |
Fosterville mine | | | | | 33,751 | | | | | | 33,575 | | | | | | 895 | | | | | | 19,218 | | |
Kittila mine | | | | | 47,355 | | | | | | 26,410 | | | | | | 2,184 | | | | | | 5,053 | | |
Macassa mine | | | | | 43,333 | | | | | | 75,125 | | | | | | 1,696 | | | | | | 26,105 | | |
Meadowbank Complex | | | | | 121,653 | | | | | | 80 | | | | | | – | | | | | | – | | |
Meliadine mine | | | | | 67,947 | | | | | | 106,953 | | | | | | 7,328 | | | | | | 11,927 | | |
Pinos Altos mine | | | | | 28,449 | | | | | | 4,196 | | | | | | 1,692 | | | | | | 1,101 | | |
Other | | | | | 247 | | | | | | 11,449 | | | | | | – | | | | | | 840 | | |
Total Capital Expenditures | | | | $ | 790,479 | | | | | $ | 684,596 | | | | | $ | 17,128 | | | | | $ | 108,665 | | |
40-F
2023 FY
AEM
Agnico Eagle Mines Ltd
22 Mar 24
Annual report (Canada)
6:16pm
Assumptions used for the December 31, 2023 mineral reserve and mineral resource estimates reported by the Company
| | | Metal Prices for Mineral Reserve Estimation(1) | | |||||||||||||||||||||
| | | Gold (US$/oz) | | | Silver (US$/oz) | | | Copper (US$/lb) | | | Zinc (US$/lb) | | ||||||||||||
| | | | $ | 1,400 | | | | | | 18.00 | | | | | | 3.50 | | | | | | 1.00 | | |
40-F
2023 FY
AEM
Agnico Eagle Mines Ltd
22 Mar 24
Annual report (Canada)
6:16pm
| ZINC | | | Mining Method* | | | 000 Tonnes | | | % | | | tonnes Zn | | | 000 Tonnes | | | % | | | tonnes Zn | | | 000 Tonnes | | | % | | | tonnes Zn | | | Recovery %** | | ||||||||||||||||||||||||||||||
| LaRonde | | | U/G | | | | | 2,342 | | | | | | 0.62 | | | | | | 14,424 | | | | | | 8,568 | | | | | | 1.08 | | | | | | 92,164 | | | | | | 10,910 | | | | | | 0.98 | | | | | | 106,588 | | | | | | 69.2 | | |
| San Nicolás (50%)(21) | | | O/P | | | | | 23,858 | | | | | | 1.61 | | | | | | 383,313 | | | | | | 28,761 | | | | | | 1.37 | | | | | | 394,115 | | | | | | 52,619 | | | | | | 1.48 | | | | | | 777,428 | | | | | | 80.9 | | |
| Total Zinc | | | | | | | | 26,199 | | | | | | 1.52 | | | | | | 397,736 | | | | | | 37,330 | | | | | | 1.30 | | | | | | 486,280 | | | | | | 63,529 | | | | | | 1.39 | | | | | | 884,016 | | | | | | | | |
40-F
2023 FY
AEM
Agnico Eagle Mines Ltd
22 Mar 24
Annual report (Canada)
6:16pm
As at December 31, 2023
OPERATION / PROJECT | | | MEASURED | | | INDICATED | | | MEASURED & INDICATED | | | INFERRED | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
GOLD | | | Mining Method* | | | 000 Tonnes | | | g/t | | | 000 Oz Au | | | 000 Tonnes | | | g/t | | | 000 Oz Au | | | 000 Tonnes | | | g/t | | | 000 Oz Au | | | 000 Tonnes | | | g/t | | | 000 Oz Au | | |||||||||||||||||||||||||||||||||||||||
LaRonde | | | | | U/G | | | | | | − | | | | | | − | | | | | | − | | | | | | 6,424 | | | | | | 3.06 | | | | | | 632 | | | | | | 6,424 | | | | | | 3.06 | | | | | | 632 | | | | | | 1,569 | | | | | | 5.67 | | | | | | 286 | | |
LaRonde Zone 5 | | | | | U/G | | | | | | − | | | | | | − | | | | | | − | | | | | | 10,594 | | | | | | 2.27 | | | | | | 774 | | | | | | 10,594 | | | | | | 2.27 | | | | | | 774 | | | | | | 10,437 | | | | | | 3.38 | | | | | | 1,134 | | |
LaRonde Complex Total | | | | | | | | | | | − | | | | | | − | | | | | | − | | | | | | 17,018 | | | | | | 2.57 | | | | | | 1,407 | | | | | | 17,018 | | | | | | 2.57 | | | | | | 1,407 | | | | | | 12,006 | | | | | | 3.68 | | | | | | 1,420 | | |
Canadian Malartic | | | | | O/P | | | | | | − | | | | | | − | | | | | | − | | | | | | − | | | | | | − | | | | | | − | | | | | | − | | | | | | − | | | | | | − | | | | | | 8,171 | | | | | | 0.81 | | | | | | 214 | | |
Odyssey | | | | | U/G | | | | | | − | | | | | | − | | | | | | − | | | | | | 1,372 | | | | | | 1.71 | | | | | | 75 | | | | | | 1,372 | | | | | | 1.71 | | | | | | 75 | | | | | | 19,700 | | | | | | 2.29 | | | | | | 1,453 | | |
East Malartic | | | | | U/G | | | | | | − | | | | | | − | | | | | | − | | | | | | 11,134 | | | | | | 2.04 | | | | | | 731 | | | | | | 11,134 | | | | | | 2.04 | | | | | | 731 | | | | | | 65,748 | | | | | | 2.12 | | | | | | 4,480 | | |
East Gouldie | | | | | U/G | | | | | | − | | | | | | − | | | | | | − | | | | | | 4,853 | | | | | | 1.56 | | | | | | 244 | | | | | | 4,853 | | | | | | 1.56 | | | | | | 244 | | | | | | 45,239 | | | | | | 2.29 | | | | | | 3,331 | | |
Odyssey Project Total | | | | | | | | | | | − | | | | | | − | | | | | | − | | | | | | 17,358 | | | | | | 1.88 | | | | | | 1,050 | | | | | | 17,358 | | | | | | 1.88 | | | | | | 1,050 | | | | | | 130,687 | | | | | | 2.20 | | | | | | 9,263 | | |
Canadian Malartic Total | | | | | | | | | | | − | | | | | | − | | | | | | − | | | | | | 17,358 | | | | | | 1.88 | | | | | | 1,050 | | | | | | 17,358 | | | | | | 1.88 | | | | | | 1,050 | | | | | | 138,858 | | | | | | 2.12 | | | | | | 9,477 | | |
Goldex | | | | | U/G | | | | | | 12,360 | | | | | | 1.86 | | | | | | 739 | | | | | | 18,837 | | | | | | 1.50 | | | | | | 907 | | | | | | 31,197 | | | | | | 1.64 | | | | | | 1,646 | | | | | | 16,154 | | | | | | 1.68 | | | | | | 871 | | |
Akasaba West | | | | | O/P | | | | | | − | | | | | | − | | | | | | − | | | | | | 4,044 | | | | | | 0.70 | | | | | | 91 | | | | | | 4,044 | | | | | | 0.70 | | | | | | 91 | | | | | | − | | | | | | − | | | | | | − | | |
Wasamac | | | | | U/G | | | | | | − | | | | | | − | | | | | | − | | | | | | 27,850 | | | | | | 2.43 | | | | | | 2,173 | | | | | | 27,850 | | | | | | 2.43 | | | | | | 2,173 | | | | | | 9,232 | | | | | | 2.66 | | | | | | 789 | | |
Quebec Total | | | | | | | | | | | 12,360 | | | | | | 1.86 | | | | | | 739 | | | | | | 85,109 | | | | | | 2.06 | | | | | | 5,628 | | | | | | 97,468 | | | | | | 2.03 | | | | | | 6,367 | | | | | | 176,249 | | | | | | 2.22 | | | | | | 12,558 | | |
Detour Lake | | | | | O/P | | | | | | 30,861 | | | | | | 1.45 | | | | | | 1,434 | | | | | | 697,821 | | | | | | 0.74 | | | | | | 16,520 | | | | | | 728,681 | | | | | | 0.77 | | | | | | 17,955 | | | | | | 58,317 | | | | | | 0.62 | | | | | | 1,156 | | |
Detour Lake | | | | | U/G | | | | | | − | | | | | | − | | | | | | − | | | | | | − | | | | | | − | | | | | | − | | | | | | − | | | | | | − | | | | | | − | | | | | | 21,811 | | | | | | 2.23 | | | | | | 1,561 | | |
Detour Lake Zone 58N | | | | | U/G | | | | | | − | | | | | | − | | | | | | − | | | | | | 2,868 | | | | | | 5.80 | | | | | | 534 | | | | | | 2,868 | | | | | | 5.80 | | | | | | 534 | | | | | | 973 | | | | | | 4.35 | | | | | | 136 | | |
Detour Lake Total | | | | | | | | | | | 30,861 | | | | | | 1.45 | | | | | | 1,434 | | | | | | 700,688 | | | | | | 0.76 | | | | | | 17,055 | | | | | | 731,549 | | | | | | 0.79 | | | | | | 18,489 | | | | | | 81,101 | | | | | | 1.09 | | | | | | 2,853 | | |
Macassa | | | | | U/G | | | | | | 258 | | | | | | 10.32 | | | | | | 86 | | | | | | 1,910 | | | | | | 8.35 | | | | | | 512 | | | | | | 2,168 | | | | | | 8.58 | | | | | | 598 | | | | | | 3,692 | | | | | | 9.21 | | | | | | 1,094 | | |
Macassa Near Surface | | | | | U/G | | | | | | − | | | | | | − | | | | | | − | | | | | | 65 | | | | | | 6.14 | | | | | | 13 | | | | | | 65 | | | | | | 6.14 | | | | | | 13 | | | | | | 133 | | | | | | 6.62 | | | | | | 28 | | |
AK Project | | | | | U/G | | | | | | − | | | | | | − | | | | | | − | | | | | | 163 | | | | | | 6.95 | | | | | | 37 | | | | | | 163 | | | | | | 6.95 | | | | | | 37 | | | | | | 282 | | | | | | 5.69 | | | | | | 52 | | |
Macassa Total | | | | | | | | | | | 258 | | | | | | 10.32 | | | | | | 86 | | | | | | 2,138 | | | | | | 8.17 | | | | | | 562 | | | | | | 2,396 | | | | | | 8.40 | | | | | | 647 | | | | | | 4,106 | | | | | | 8.89 | | | | | | 1,173 | | |
Aquarius | | | | | O/P | | | | | | − | | | | | | − | | | | | | − | | | | | | 23,112 | | | | | | 1.49 | | | | | | 1,106 | | | | | | 23,112 | | | | | | 1.49 | | | | | | 1,106 | | | | | | 502 | | | | | | 0.87 | | | | | | 14 | | |
Holt Complex | | | | | U/G | | | | | | 5,806 | | | | | | 4.29 | | | | | | 800 | | | | | | 5,884 | | | | | | 4.75 | | | | | | 898 | | | | | | 11,690 | | | | | | 4.52 | | | | | | 1,699 | | | | | | 9,097 | | | | | | 4.48 | | | | | | 1,310 | | |
Anoki-McBean | | | | | U/G | | | | | | − | | | | | | − | | | | | | − | | | | | | 3,919 | | | | | | 2.77 | | | | | | 349 | | | | | | 3,919 | | | | | | 2.77 | | | | | | 349 | | | | | | 867 | | | | | | 3.84 | | | | | | 107 | | |
Upper Beaver | | | | | U/G | | | | | | − | | | | | | − | | | | | | − | | | | | | 3,636 | | | | | | 3.45 | | | | | | 403 | | | | | | 3,636 | | | | | | 3.45 | | | | | | 403 | | | | | | 8,688 | | | | | | 5.07 | | | | | | 1,416 | | |
Upper Canada | | | | | O/P | | | | | | − | | | | | | − | | | | | | − | | | | | | 2,006 | | | | | | 1.62 | | | | | | 104 | | | | | | 2,006 | | | | | | 1.62 | | | | | | 104 | | | | | | 1,020 | | | | | | 1.44 | | | | | | 47 | | |
Upper Canada | | | | | U/G | | | | | | − | | | | | | − | | | | | | − | | | | | | 8,433 | | | | | | 2.28 | | | | | | 618 | | | | | | 8,433 | | | | | | 2.28 | | | | | | 618 | | | | | | 17,588 | | | | | | 3.21 | | | | | | 1,816 | | |
Upper Canada Total | | | | | | | | | | | − | | | | | | − | | | | | | − | | | | | | 10,439 | | | | | | 2.15 | | | | | | 722 | | | | | | 10,439 | | | | | | 2.15 | | | | | | 722 | | | | | | 18,608 | | | | | | 3.11 | | | | | | 1,863 | | |
Hammond Reef | | | | | O/P | | | | | | 47,063 | | | | | | 0.54 | | | | | | 819 | | | | | | 86,304 | | | | | | 0.53 | | | | | | 1,478 | | | | | | 133,367 | | | | | | 0.54 | | | | | | 2,298 | | | | | | − | | | | | | − | | | | | | − | | |
Ontario Total | | | | | | | | | | | 83,988 | | | | | | 1.16 | | | | | | 3,140 | | | | | | 836,119 | | | | | | 0.84 | | | | | | 22,574 | | | | | | 920,107 | | | | | | 0.87 | | | | | | 25,713 | | | | | | 122,968 | | | | | | 2.21 | | | | | | 8,736 | | |
Amaruq | | | | | O/P | | | | | | − | | | | | | − | | | | | | − | | | | | | 4,758 | | | | | | 2.62 | | | | | | 401 | | | | | | 4,758 | | | | | | 2.62 | | | | | | 401 | | | | | | 236 | | | | | | 2.87 | | | | | | 22 | | |
Amaruq | | | | | U/G | | | | | | − | | | | | | − | | | | | | − | | | | | | 8,544 | | | | | | 4.37 | | | | | | 1,199 | | | | | | 8,544 | | | | | | 4.37 | | | | | | 1,199 | | | | | | 3,938 | | | | | | 4.75 | | | | | | 602 | | |
Amaruq Total | | | | | | | | | | | − | | | | | | − | | | | | | − | | | | | | 13,302 | | | | | | 3.74 | | | | | | 1,600 | | | | | | 13,302 | | | | | | 3.74 | | | | | | 1,600 | | | | | | 4,173 | | | | | | 4.65 | | | | | | 623 | | |
Meadowbank Complex Total | | | | | | | | | | | − | | | | | | − | | | | | | − | | | | | | 13,302 | | | | | | 3.74 | | | | | | 1,600 | | | | | | 13,302 | | | | | | 3.74 | | | | | | 1,600 | | | | | | 4,173 | | | | | | 4.65 | | | | | | 623 | | |
Meliadine | | | | | O/P | | | | | | 3 | | | | | | 3.17 | | | | | | − | | | | | | 4,613 | | | | | | 3.14 | | | | | | 466 | | | | | | 4,615 | | | | | | 3.14 | | | | | | 466 | | | | | | 1,135 | | | | | | 4.45 | | | | | | 162 | | |
Meliadine | | | | | U/G | | | | | | 422 | | | | | | 4.64 | | | | | | 63 | | | | | | 7,626 | | | | | | 4.49 | | | | | | 1,100 | | | | | | 8,047 | | | | | | 4.49 | | | | | | 1,163 | | | | | | 9,986 | | | | | | 6.42 | | | | | | 2,060 | | |
Meliadine Total | | | | | | | | | | | 424 | | | | | | 4.63 | | | | | | 63 | | | | | | 12,238 | | | | | | 3.98 | | | | | | 1,566 | | | | | | 12,663 | | | | | | 4.00 | | | | | | 1,629 | | | | | | 11,120 | | | | | | 6.22 | | | | | | 2,222 | | |
40-F
2023 FY
AEM
Agnico Eagle Mines Ltd
22 Mar 24
Annual report (Canada)
6:16pm
| | | Proven | | | Probable | | | Total | | |||||||||
December 31, 2022 – thousand tonnes | | | | | 2,809 | | | | | | 9,497 | | | | | | 12,306 | | |
Processed in 2023 – thousand tonnes | | | | | (1,501) | | | | | | − | | | | | | (1,501) | | |
Revision – thousand tonnes | | | | | 1,034 | | | | | | (929) | | | | | | 105 | | |
December 31, 2023 – thousand tonnes | | | | | 2,342 | | | | | | 8,568 | | | | | | 10,910 | | |
40-F
2023 FY
AEM
Agnico Eagle Mines Ltd
22 Mar 24
Annual report (Canada)
6:16pm
| | | Proven | | | Probable | | | Total | | |||||||||
December 31, 2022 – thousand tonnes | | | | | 107,622 | | | | | | 742,795 | | | | | | 850,417 | | |
Processed in 2023 – thousand tonnes | | | | | (25,435) | | | | | | − | | | | | | (25,435) | | |
Revision – thousand tonnes | | | | | 36,519 | | | | | | (42,449) | | | | | | (5,933) | | |
December 31, 2023 – thousand tonnes | | | | | 118,703 | | | | | | 700,346 | | | | | | 819,049 | | |
40-F
2023 FY
AEM
Agnico Eagle Mines Ltd
22 Mar 24
Annual report (Canada)
6:16pm
The following table sets out the Company’s capital expenditures for 2021.
| | | 2021 Capital Expenditures(1) (thousands of $) | | |||||||||||||||||||||
| | | | | | | | | | | | | | | Capitalized Exploration | | |||||||||
| | | Sustaining | | | Development | | | Sustaining | | | Non-sustaining | | ||||||||||||
LaRonde Complex | | | | | 72,749 | | | | | | 45,914 | | | | | | – | | | | | | 10,699 | | |
Canadian Malartic Complex (50%) | | | | | 28,582 | | | | | | 14,668 | | | | | | 2,435 | | | | | | 4,005 | | |
Goldex mine | | | | | 37,312 | | | | | | 77,175 | | | | | | 5,320 | | | | | | – | | |
Kittila mine | | | | | 48,917 | | | | | | 5,820 | | | | | | – | | | | | | 3,823 | | |
Meadowbank Complex (including Amaruq) | | | | | 48,446 | | | | | | 168,291 | | | | | | 1,895 | | | | | | 5,993 | | |
Meliadine mine | | | | | 39,109 | | | | | | 6,969 | | | | | | 5,051 | | | | | | 913 | | |
Pinos Altos mine | | | | | 21,615 | | | | | | 23,777 | | | | | | 601 | | | | | | – | | |
La India mine | | | | | 10,000 | | | | | | 9,383 | | | | | | 117 | | | | | | – | | |
Other | | | | | – | | | | | | 11,105 | | | | | | – | | | | | | 866 | | |
Total Capital Expenditures | | | | | 414,963 | | | | | | 416,257 | | | | | | 17,580 | | | | | | 26,299 | | |
40-F
2023 FY
AEM
Agnico Eagle Mines Ltd
22 Mar 24
Annual report (Canada)
6:16pm
As at December 31, 2023
OPERATION / PROJECT | | | PROVEN | | | PROBABLE | | | PROVEN & PROBABLE | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
GOLD | | | Mining Method* | | | 000 Tonnes | | | g/t | | | 000 Oz Au | | | 000 Tonnes | | | g/t | | | 000 Oz Au | | | 000 Tonnes | | | g/t | | | 000 Oz Au | | | Recovery %** | | ||||||||||||||||||||||||||||||
LaRonde mine(1) | | | U/G | | | | | 2,342 | | | | | | 4.98 | | | | | | 375 | | | | | | 8,568 | | | | | | 6.79 | | | | | | 1,870 | | | | | | 10,910 | | | | | | 6.40 | | | | | | 2,244 | | | | | | 94.7 | | |
LaRonde Zone 5(2) | | | U/G | | | | | 4,450 | | | | | | 2.11 | | | | | | 301 | | | | | | 4,523 | | | | | | 2.30 | | | | | | 334 | | | | | | 8,972 | | | | | | 2.20 | | | | | | 636 | | | | | | 94.7 | | |
LaRonde Complex Total | | | | | 6,791 | | | | | | 3.10 | | | | | | 676 | | | | | | 13,091 | | | | | | 5.24 | | | | | | 2,204 | | | | | | 19,882 | | | | | | 4.51 | | | | | | 2,880 | | | | | | | | | |||
Canadian Malartic(3) | | | O/P | | | | | 45,474 | | | | | | 0.58 | | | | | | 852 | | | | | | 45,332 | | | | | | 1.09 | | | | | | 1,584 | | | | | | 90,806 | | | | | | 0.83 | | | | | | 2,436 | | | | | | 89.0 | | |
East Gouldie(4) | | | U/G | | | | | − | | | | | | − | | | | | | − | | | | | | 47,005 | | | | | | 3.42 | | | | | | 5,173 | | | | | | 47,005 | | | | | | 3.42 | | | | | | 5,173 | | | | | | 94.6 | | |
Odyssey deposits(5) | | | U/G | | | | | 17 | | | | | | 2.25 | | | | | | 1 | | | | | | 4,422 | | | | | | 2.17 | | | | | | 308 | | | | | | 4,440 | | | | | | 2.17 | | | | | | 310 | | | | | | 95.3 | | |
Canadian Malartic Complex Total | | | | | 45,491 | | | | | | 0.58 | | | | | | 853 | | | | | | 96,760 | | | | | | 2.27 | | | | | | 7,065 | | | | | | 142,251 | | | | | | 1.73 | | | | | | 7,919 | | | | | | | | | |||
Goldex(6) | | | U/G | | | | | 797 | | | | | | 2.60 | | | | | | 66 | | | | | | 16,873 | | | | | | 1.54 | | | | | | 834 | | | | | | 17,669 | | | | | | 1.59 | | | | | | 901 | | | | | | 85.8 | | |
Akasaba West(7) | | | O/P | | | | | 203 | | | | | | 0.84 | | | | | | 5 | | | | | | 4,823 | | | | | | 0.89 | | | | | | 138 | | | | | | 5,025 | | | | | | 0.89 | | | | | | 143 | | | | | | 77.1 | | |
Quebec Total | | | | | | | | 53,282 | | | | | | 0.93 | | | | | | 1,601 | | | | | | 131,546 | | | | | | 2.42 | | | | | | 10,242 | | | | | | 184,828 | | | | | | 1.99 | | | | | | 11,843 | | | | | | | | |
Detour Lake (At or above 0.5 g/t) | | | O/P | | | | | 70,048 | | | | | | 1.14 | | | | | | 2,565 | | | | | | 484,633 | | | | | | 0.90 | | | | | | 14,029 | | | | | | 554,681 | | | | | | 0.93 | | | | | | 16,594 | | | | | | 91.9 | | |
Detour Lake (Below 0.5 g/t) | | | O/P | | | | | 48,656 | | | | | | 0.43 | | | | | | 666 | | | | | | 215,712 | | | | | | 0.38 | | | | | | 2,669 | | | | | | 264,368 | | | | | | 0.39 | | | | | | 3,335 | | | | | | 90.0 | | |
Detour Lake Total(8) | | | | | | | | 118,703 | | | | | | 0.85 | | | | | | 3,230 | | | | | | 700,346 | | | | | | 0.74 | | | | | | 16,698 | | | | | | 819,049 | | | | | | 0.76 | | | | | | 19,928 | | | | | | | | |
Macassa mine(9) | | | U/G | | | | | 248 | | | | | | 16.17 | | | | | | 129 | | | | | | 3,959 | | | | | | 14.34 | | | | | | 1,825 | | | | | | 4,207 | | | | | | 14.45 | | | | | | 1,954 | | | | | | 97.4 | | |
Macassa Near Surface(10) | | | U/G | | | | | 2 | | | | | | 4.23 | | | | | | − | | | | | | 117 | | | | | | 5.96 | | | | | | 22 | | | | | | 119 | | | | | | 5.93 | | | | | | 23 | | | | | | 95.0 | | |
AK deposit(11) | | | U/G | | | | | − | | | | | | − | | | | | | − | | | | | | 742 | | | | | | 6.69 | | | | | | 160 | | | | | | 742 | | | | | | 6.69 | | | | | | 160 | | | | | | 95.0 | | |
Macassa Total | | | | | | | | 249 | | | | | | 16.10 | | | | | | 129 | | | | | | 4,818 | | | | | | 12.96 | | | | | | 2,007 | | | | | | 5,067 | | | | | | 13.11 | | | | | | 2,136 | | | | | | | | |
Upper Beaver(12) | | | U/G | | | | | − | | | | | | − | | | | | | − | | | | | | 7,992 | | | | | | 5.43 | | | | | | 1,395 | | | | | | 7,992 | | | | | | 5.43 | | | | | | 1,395 | | | | | | 95.0 | | |
Hammond Reef(13) | | | O/P | | | | | − | | | | | | − | | | | | | − | | | | | | 123,473 | | | | | | 0.84 | | | | | | 3,323 | | | | | | 123,473 | | | | | | 0.84 | | | | | | 3,323 | | | | | | 89.2 | | |
Ontario Total | | | | | | | | 118,952 | | | | | | 0.88 | | | | | | 3,359 | | | | | | 836,629 | | | | | | 0.87 | | | | | | 23,424 | | | | | | 955,581 | | | | | | 0.87 | | | | | | 26,783 | | | | | | | | |
Amaruq | | | O/P | | | | | 3,010 | | | | | | 1.58 | | | | | | 153 | | | | | | 9,469 | | | | | | 3.76 | | | | | | 1,146 | | | | | | 12,479 | | | | | | 3.24 | | | | | | 1,299 | | | | | | 91.7 | | |
Amaruq | | | U/G | | | | | 49 | | | | | | 5.96 | | | | | | 9 | | | | | | 2,829 | | | | | | 5.81 | | | | | | 528 | | | | | | 2,878 | | | | | | 5.81 | | | | | | 538 | | | | | | 91.7 | | |
Meadowbank Complex Total(14) | | | | | 3,059 | | | | | | 1.65 | | | | | | 162 | | | | | | 12,298 | | | | | | 4.23 | | | | | | 1,674 | | | | | | 15,357 | | | | | | 3.72 | | | | | | 1,837 | | | | | | | | | |||
Meliadine | | | O/P | | | | | 266 | | | | | | 4.27 | | | | | | 37 | | | | | | 4,632 | | | | | | 4.46 | | | | | | 664 | | | | | | 4,898 | | | | | | 4.45 | | | | | | 700 | | | | | | 94.7 | | |
Meliadine | | | U/G | | | | | 1,514 | | | | | | 7.57 | | | | | | 369 | | | | | | 11,846 | | | | | | 6.30 | | | | | | 2,398 | | | | | | 13,360 | | | | | | 6.44 | | | | | | 2,767 | | | | | | 96.3 | | |
Meliadine Total(15) | | | | | | | | 1,780 | | | | | | 7.08 | | | | | | 405 | | | | | | 16,478 | | | | | | 5.78 | | | | | | 3,062 | | | | | | 18,258 | | | | | | 5.91 | | | | | | 3,467 | | | | | | | | |
Hope Bay(16) | | | U/G | | | | | 93 | | | | | | 6.77 | | | | | | 20 | | | | | | 16,123 | | | | | | 6.51 | | | | | | 3,377 | | | | | | 16,216 | | | | | | 6.52 | | | | | | 3,397 | | | | | | 87.5 | | |
Nunavut Total | | | | | | | | 4,932 | | | | | | 3.71 | | | | | | 588 | | | | | | 44,899 | | | | | | 5.62 | | | | | | 8,113 | | | | | | 49,831 | | | | | | 5.43 | | | | | | 8,701 | | | | | | | | |
40-F
2023 FY
AEM
Agnico Eagle Mines Ltd
22 Mar 24
Annual report (Canada)
6:16pm
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 | | | | | 679 | | | | | | 12.52 | | | | | | 273 | | | | | | 7,897 | | | | | | 5.55 | | | | | | 1,409 | | | | | | 8,576 | | | | | | 6.10 | | | | | | 1,682 | | | | | | 95.0 | | |
Australia Total | | | | | | | | 679 | | | | | | 12.52 | | | | | | 273 | | | | | | 7,897 | | | | | | 5.55 | | | | | | 1,409 | | | | | | 8,576 | | | | | | 6.10 | | | | | | 1,682 | | | | | | | | |
Kittila(18) | | | U/G | | | | | 984 | | | | | | 4.11 | | | | | | 130 | | | | | | 25,943 | | | | | | 4.14 | | | | | | 3,454 | | | | | | 26,926 | | | | | | 4.14 | | | | | | 3,584 | | | | | | 86.9 | | |
Europe Total | | | | | | | | 984 | | | | | | 4.11 | | | | | | 130 | | | | | | 25,943 | | | | | | 4.14 | | | | | | 3,454 | | | | | | 26,926 | | | | | | 4.14 | | | | | | 3,584 | | | | | | | | |
Pinos Altos | | | O/P | | | | | 24 | | | | | | 1.21 | | | | | | 1 | | | | | | 2,363 | | | | | | 1.21 | | | | | | 92 | | | | | | 2,387 | | | | | | 1.21 | | | | | | 93 | | | | | | 94.4 | | |
Pinos Altos | | | U/G | | | | | 2,386 | | | | | | 2.14 | | | | | | 164 | | | | | | 4,150 | | | | | | 2.17 | | | | | | 290 | | | | | | 6,536 | | | | | | 2.16 | | | | | | 454 | | | | | | 94.2 | | |
Pinos Altos Total(19) | | | | | | | | 2,410 | | | | | | 2.13 | | | | | | 165 | | | | | | 6,514 | | | | | | 1.82 | | | | | | 381 | | | | | | 8,924 | | | | | | 1.90 | | | | | | 546 | | | | | | | | |
San Nicolás (50%)(20) | | | O/P | | | | | 23,858 | | | | | | 0.41 | | | | | | 314 | | | | | | 28,761 | | | | | | 0.39 | | | | | | 358 | | | | | | 52,619 | | | | | | 0.40 | | | | | | 672 | | | | | | 17.6 | | |
Mexico Total | | | | | | | | 26,268 | | | | | | 0.57 | | | | | | 479 | | | | | | 35,275 | | | | | | 0.65 | | | | | | 739 | | | | | | 61,543 | | | | | | 0.62 | | | | | | 1,219 | | | | | | | | |
Total Gold | | | | | | | | 205,096 | | | | | | 0.98 | | | | | | 6,430 | | | | | | 1,082,188 | | | | | | 1.36 | | | | | | 47,380 | | | | | | 1,287,284 | | | | | | 1.30 | | | | | | 53,811 | | | | | | | | |
40-F
2023 FY
AEM
Agnico Eagle Mines Ltd
22 Mar 24
Annual report (Canada)
6:16pm
| COPPER | | | Mining Method* | | | 000 Tonnes | | | % | | | tonnes Cu | | | 000 Tonnes | | | % | | | tonnes Cu | | | 000 Tonnes | | | % | | | tonnes Cu | | | Recovery %** | | ||||||||||||||||||||||||||||||
| LaRonde | | | U/G | | | | | 2,342 | | | | | | 0.19 | | | | | | 4,558 | | | | | | 8,568 | | | | | | 0.30 | | | | | | 25,341 | | | | | | 10,910 | | | | | | 0.27 | | | | | | 29,899 | | | | | | 83.6 | | |
| Akasaba West | | | O/P | | | | | 203 | | | | | | 0.44 | | | | | | 890 | | | | | | 4,823 | | | | | | 0.50 | | | | | | 24,262 | | | | | | 5,025 | | | | | | 0.50 | | | | | | 25,153 | | | | | | 83.6 | | |
| Upper Beaver | | | U/G | | | | | − | | | | | | − | | | | | | − | | | | | | 7,992 | | | | | | 0.25 | | | | | | 19,980 | | | | | | 7,992 | | | | | | 0.25 | | | | | | 19,980 | | | | | | 90.0 | | |
| San Nicolás (50%)(21) | | | O/P | | | | | 23,858 | | | | | | 1.26 | | | | | | 299,809 | | | | | | 28,761 | | | | | | 1.01 | | | | | | 291,721 | | | | | | 52,619 | | | | | | 1.12 | | | | | | 591,530 | | | | | | 78.2 | | |
| Total Copper | | | | | | | | 26,402 | | | | | | 1.16 | | | | | | 305,258 | | | | | | 50,144 | | | | | | 0.72 | | | | | | 361,305 | | | | | | 76,546 | | | | | | 0.87 | | | | | | 666,562 | | | | | | | | |
40-F
2023 FY
AEM
Agnico Eagle Mines Ltd
22 Mar 24
Annual report (Canada)
6:16pm
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 | | |||||||||||||||||||||||||||||||||||||||
Hope Bay | | | | | U/G | | | | | | − | | | | | | − | | | | | | − | | | | | | 10,734 | | | | | | 3.64 | | | | | | 1,255 | | | | | | 10,734 | | | | | | 3.64 | | | | | | 1,255 | | | | | | 12,110 | | | | | | 5.41 | | | | | | 2,108 | | |
Nunavut Total | | | | | | | | | | | 424 | | | | | | 4.63 | | | | | | 63 | | | | | | 36,274 | | | | | | 3.79 | | | | | | 4,421 | | | | | | 36,699 | | | | | | 3.80 | | | | | | 4,485 | | | | | | 27,404 | | | | | | 5.62 | | | | | | 4,953 | | |
Fosterville | | | | | O/P | | | | | | 820 | | | | | | 2.81 | | | | | | 74 | | | | | | 1,771 | | | | | | 3.87 | | | | | | 220 | | | | | | 2,591 | | | | | | 3.53 | | | | | | 294 | | | | | | 326 | | | | | | 2.72 | | | | | | 29 | | |
Fosterville | | | | | U/G | | | | | | 262 | | | | | | 3.99 | | | | | | 34 | | | | | | 8,758 | | | | | | 4.20 | | | | | | 1,184 | | | | | | 9,019 | | | | | | 4.20 | | | | | | 1,218 | | | | | | 9,693 | | | | | | 4.60 | | | | | | 1,433 | | |
Fosterville Total | | | | | | | | | | | 1,082 | | | | | | 3.10 | | | | | | 108 | | | | | | 10,528 | | | | | | 4.15 | | | | | | 1,404 | | | | | | 11,610 | | | | | | 4.05 | | | | | | 1,512 | | | | | | 10,019 | | | | | | 4.54 | | | | | | 1,461 | | |
Northern Territory | | | | | O/P | | | | | | 269 | | | | | | 3.65 | | | | | | 32 | | | | | | 16,416 | | | | | | 1.42 | | | | | | 749 | | | | | | 16,685 | | | | | | 1.46 | | | | | | 781 | | | | | | 13,536 | | | | | | 1.75 | | | | | | 762 | | |
Northern Territory | | | | | U/G | | | | | | − | | | | | | − | | | | | | − | | | | | | 5,115 | | | | | | 5.39 | | | | | | 887 | | | | | | 5,115 | | | | | | 5.39 | | | | | | 887 | | | | | | 4,284 | | | | | | 4.45 | | | | | | 613 | | |
Northern Territory Total | | | | | | | | | | | 269 | | | | | | 3.65 | | | | | | 32 | | | | | | 21,531 | | | | | | 2.36 | | | | | | 1,636 | | | | | | 21,800 | | | | | | 2.38 | | | | | | 1,668 | | | | | | 17,820 | | | | | | 2.40 | | | | | | 1,376 | | |
Australia Total | | | | | | | | | | | 1,351 | | | | | | 3.21 | | | | | | 139 | | | | | | 32,059 | | | | | | 2.95 | | | | | | 3,040 | | | | | | 33,410 | | | | | | 2.96 | | | | | | 3,180 | | | | | | 27,839 | | | | | | 3.17 | | | | | | 2,837 | | |
Kittilä | | | | | O/P | | | | | | − | | | | | | − | | | | | | − | | | | | | − | | | | | | − | | | | | | − | | | | | | − | | | | | | − | | | | | | − | | | | | | 373 | | | | | | 3.89 | | | | | | 47 | | |
Kittilä | | | | | U/G | | | | | | 4,299 | | | | | | 2.91 | | | | | | 402 | | | | | | 13,632 | | | | | | 2.93 | | | | | | 1,285 | | | | | | 17,931 | | | | | | 2.93 | | | | | | 1,687 | | | | | | 6,192 | | | | | | 5.13 | | | | | | 1,020 | | |
Kittilä Total | | | | | | | | | | | 4,299 | | | | | | 2.91 | | | | | | 402 | | | | | | 13,632 | | | | | | 2.93 | | | | | | 1,285 | | | | | | 17,931 | | | | | | 2.93 | | | | | | 1,687 | | | | | | 6,565 | | | | | | 5.06 | | | | | | 1,067 | | |
Barsele | | | | | O/P | | | | | | − | | | | | | − | | | | | | − | | | | | | 3,178 | | | | | | 1.08 | | | | | | 111 | | | | | | 3,178 | | | | | | 1.08 | | | | | | 111 | | | | | | 2,260 | | | | | | 1.25 | | | | | | 91 | | |
Barsele | | | | | U/G | | | | | | − | | | | | | − | | | | | | − | | | | | | 1,158 | | | | | | 1.77 | | | | | | 66 | | | | | | 1,158 | | | | | | 1.77 | | | | | | 66 | | | | | | 13,552 | | | | | | 2.10 | | | | | | 914 | | |
Barsele Total | | | | | | | | | | | − | | | | | | − | | | | | | − | | | | | | 4,335 | | | | | | 1.27 | | | | | | 176 | | | | | | 4,335 | | | | | | 1.27 | | | | | | 176 | | | | | | 15,811 | | | | | | 1.98 | | | | | | 1,005 | | |
Europe Total | | | | | | | | | | | 4,299 | | | | | | 2.91 | | | | | | 402 | | | | | | 17,967 | | | | | | 2.53 | | | | | | 1,461 | | | | | | 22,266 | | | | | | 2.60 | | | | | | 1,863 | | | | | | 22,376 | | | | | | 2.88 | | | | | | 2,072 | | |
Pinos Altos | | | | | O/P | | | | | | − | | | | | | − | | | | | | − | | | | | | 1,266 | | | | | | 1.03 | | | | | | 42 | | | | | | 1,266 | | | | | | 1.03 | | | | | | 42 | | | | | | 445 | | | | | | 1.27 | | | | | | 18 | | |
Pinos Altos | | | | | U/G | | | | | | − | | | | | | − | | | | | | − | | | | | | 10,394 | | | | | | 1.92 | | | | | | 643 | | | | | | 10,394 | | | | | | 1.92 | | | | | | 643 | | | | | | 1,431 | | | | | | 1.87 | | | | | | 86 | | |
Pinos Altos Total | | | | | | | | | | | − | | | | | | − | | | | | | − | | | | | | 11,659 | | | | | | 1.83 | | | | | | 685 | | | | | | 11,659 | | | | | | 1.83 | | | | | | 685 | | | | | | 1,876 | | | | | | 1.73 | | | | | | 104 | | |
La India | | | | | O/P | | | | | | 4,478 | | | | | | 0.52 | | | | | | 74 | | | | | | 814 | | | | | | 0.54 | | | | | | 14 | | | | | | 5,292 | | | | | | 0.52 | | | | | | 88 | | | | | | 66 | | | | | | 0.40 | | | | | | 1 | | |
San Nicolás (50%) | | | | | O/P | | | | | | 261 | | | | | | 0.08 | | | | | | 1 | | | | | | 3,037 | | | | | | 0.20 | | | | | | 19 | | | | | | 3,297 | | | | | | 0.19 | | | | | | 20 | | | | | | 2,468 | | | | | | 0.13 | | | | | | 10 | | |
Tarachi | | | | | O/P | | | | | | − | | | | | | − | | | | | | − | | | | | | 19,290 | | | | | | 0.58 | | | | | | 361 | | | | | | 19,290 | | | | | | 0.58 | | | | | | 361 | | | | | | 242 | | | | | | 0.52 | | | | | | 4 | | |
Chipriona | | | | | O/P | | | | | | − | | | | | | − | | | | | | − | | | | | | 10,983 | | | | | | 0.92 | | | | | | 326 | | | | | | 10,983 | | | | | | 0.92 | | | | | | 326 | | | | | | 976 | | | | | | 0.66 | | | | | | 21 | | |
El Barqueño Gold | | | | | O/P | | | | | | − | | | | | | − | | | | | | − | | | | | | 8,834 | | | | | | 1.16 | | | | | | 331 | | | | | | 8,834 | | | | | | 1.16 | | | | | | 331 | | | | | | 9,628 | | | | | | 1.13 | | | | | | 351 | | |
Santa Gertrudis | | | | | O/P | | | | | | − | | | | | | − | | | | | | − | | | | | | 19,267 | | | | | | 0.91 | | | | | | 563 | | | | | | 19,267 | | | | | | 0.91 | | | | | | 563 | | | | | | 9,819 | | | | | | 1.36 | | | | | | 429 | | |
Santa Gertrudis | | | | | U/G | | | | | | − | | | | | | − | | | | | | − | | | | | | − | | | | | | − | | | | | | − | | | | | | − | | | | | | − | | | | | | − | | | | | | 9,079 | | | | | | 3.44 | | | | | | 1,004 | | |
Santa Gertrudis Total | | | | | | | | | | | − | | | | | | − | | | | | | − | | | | | | 19,267 | | | | | | 0.91 | | | | | | 563 | | | | | | 19,267 | | | | | | 0.91 | | | | | | 563 | | | | | | 18,898 | | | | | | 2.36 | | | | | | 1,433 | | |
Total Mexico | | | | | | | | | | | 4,739 | | | | | | 0.49 | | | | | | 75 | | | | | | 73,884 | | | | | | 0.97 | | | | | | 2,299 | | | | | | 78,623 | | | | | | 0.94 | | | | | | 2,373 | | | | | | 34,154 | | | | | | 1.75 | | | | | | 1,923 | | |
Total Gold | | | | | | | | | | | 107,161 | | | | | | 1.32 | | | | | | 4,558 | | | | | | 1,081,412 | | | | | | 1.13 | | | | | | 39,423 | | | | | | 1,188,573 | | | | | | 1.15 | | | | | | 43,981 | | | | | | 410,990 | | | | | | 2.50 | | | | | | 33,080 | | |
40-F
2023 FY
AEM
Agnico Eagle Mines Ltd
22 Mar 24
Annual report (Canada)
6:16pm
The Company’s material properties and their operating margins across its material properties (for the year ended 2023) is set out below:
Operations(1) | | | Percentage of Gold Production % | | | Percentage of Company’s operating margin % | | ||||||
LaRonde Complex | | | | | 9 | | | | | | 9 | | |
Canadian Malartic Complex | | | | | 18 | | | | | | 18 | | |
Meliadine mine | | | | | 11 | | | | | | 10 | | |
Meadowbank Complex | | | | | 13 | | | | | | 9 | | |
Detour Lake mine | | | | | 20 | | | | | | 22 | | |
40-F
2023 FY
AEM
Agnico Eagle Mines Ltd
22 Mar 24
Annual report (Canada)
6:16pm
The following table sets out the date of acquisition, the date of commencement of construction, the date of achieving commercial production and the estimated mine life for the Company’s operating mines as of the date of this AIF.
| | | Date of Acquisition(1) | | | Date of Commencement of Construction(1) | | | Date of achieving Commercial Production(1) | | | Estimated Mine Life(2) | |
LaRonde mine | | | 1992 | | | 1985 | | | 1988 | | | 2034 | |
LaRonde Zone 5 mine | | | 2003 | | | 2017 | | | June 2018 | | | 2032 | |
Canadian Malartic Complex(3) | | | June 2014 | | | n/a | | | n/a | | | 2042 | |
Goldex mine(4) | | | December 1993 | | | July 2012 | | | October 2013 | | | 2031 | |
Meadowbank Complex(5) | | | April 2007 | | | Pre-April 2007 | | | March 2010 | | | 2028 | |
Meliadine mine | | | July 2010 | | | 2017 | | | May 2019 | | | 2032 | |
Detour Lake mine(6) | | | February 2022 | | | n/a | | | n/a | | | 2052 | |
Macassa mine(6) | | | February 2022 | | | n/a | | | n/a | | | 2030 | |
Kittila mine | | | November 2005 | | | June 2006 | | | May 2009 | | | 2035 | |
Fosterville mine(6) | | | February 2022 | | | n/a | | | n/a | | | 2033 | |
Pinos Altos mine | | | March 2006 | | | August 2007 | | | November 2009 | | | 2028 | |
La India mine | | | November 2011 | | | September 2012 | | | February 2014 | | | 2024 | |
40-F
2023 FY
AEM
Agnico Eagle Mines Ltd
22 Mar 24
Annual report (Canada)
6:16pm
The Detour Lake mine is subject to the royalties set out in the table below. In addition, the Company has certain payments obligations to First Nations groups in the area of the Detour Lake mine. In 2023, Company paid in the aggregate approximately $36.2 million (including the value of the in-kind gold) with respect to royalties on the Detour property.
Property | | | NSR Amount | | | NSR Holder | | | Buy-Out Option | | ||||||
Blocks A through E | | | | | 2% | | | | Franco-Nevada Corporation | | | | | n/a | | |
Mine Property | | | | | 2% | | | | Franco-Nevada Corporation | | | | | n/a | | |
Purchased claims (individual) | | | | | 2% | | | | Individual Prospector | | | | | n/a | | |
Gowest | | | | | 1% | | | | Franco-Nevada Corporation | | | | C$ | 750,000 | | |
40-F
2023 FY
AEM
Agnico Eagle Mines Ltd
22 Mar 24
Annual report (Canada)
6:16pm
OPERATION / PROJECT | | | MEASURED | | | INDICATED | | | MEASURED & INDICATED | | | INFERRED | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
SILVER | | | Mining Method* | | | 000 Tonnes | | | g/t | | | 000 Oz Ag | | | 000 Tonnes | | | g/t | | | 000 Oz Ag | | | 000 Tonnes | | | g/t | | | 000 Oz Ag | | | 000 Tonnes | | | g/t | | | 000 Oz Ag | | |||||||||||||||||||||||||||||||||||||||
LaRonde | | | | | U/G | | | | | | − | | | | | | − | | | | | | − | | | | | | 6,424 | | | | | | 11.98 | | | | | | 2,474 | | | | | | 6,424 | | | | | | 11.98 | | | | | | 2,474 | | | | | | 1,569 | | | | | | 12.25 | | | | | | 618 | | |
Pinos Altos | | | | | O/P | | | | | | − | | | | | | − | | | | | | − | | | | | | 1,266 | | | | | | 21.60 | | | | | | 879 | | | | | | 1,266 | | | | | | 21.6 | | | | | | 879 | | | | | | 445 | | | | | | 31.74 | | | | | | 454 | | |
Pinos Altos | | | | | U/G | | | | | | − | | | | | | − | | | | | | − | | | | | | 10,394 | | | | | | 50.99 | | | | | | 17,040 | | | | | | 10,394 | | | | | | 50.99 | | | | | | 17,040 | | | | | | 1,431 | | | | | | 36.19 | | | | | | 1,665 | | |
Pinos Altos Total | | | | | | | | | | | − | | | | | | − | | | | | | − | | | | | | 11,659 | | | | | | 47.80 | | | | | | 17,919 | | | | | | 11,659 | | | | | | 47.8 | | | | | | 17,919 | | | | | | 1,876 | | | | | | 35.13 | | | | | | 2,120 | | |
La India | | | | | O/P | | | | | | 4,478 | | | | | | 2.72 | | | | | | 391 | | | | | | 814 | | | | | | 2.61 | | | | | | 68 | | | | | | 5,292 | | | | | | 2.7 | | | | | | 460 | | | | | | 66 | | | | | | 2.18 | | | | | | 5 | | |
San Nicolás (50%) | | | | | O/P | | | | | | 261 | | | | | | 6.40 | | | | | | 54 | | | | | | 3,037 | | | | | | 11.86 | | | | | | 1,158 | | | | | | 3,297 | | | | | | 11.43 | | | | | | 1,211 | | | | | | 2,468 | | | | | | 9.26 | | | | | | 735 | | |
Chipriona | | | | | O/P | | | | | | − | | | | | | − | | | | | | − | | | | | | 10,983 | | | | | | 100.72 | | | | | | 35,566 | | | | | | 10,983 | | | | | | 100.72 | | | | | | 35,566 | | | | | | 976 | | | | | | 86.77 | | | | | | 2,722 | | |
El Barqueño Silver | | | | | O/P | | | | | | − | | | | | | − | | | | | | − | | | | | | − | | | | | | − | | | | | | − | | | | | | − | | | | | | − | | | | | | − | | | | | | 4,393 | | | | | | 124.06 | | | | | | 17,523 | | |
El Barqueño Gold | | | | | O/P | | | | | | − | | | | | | − | | | | | | − | | | | | | 8,834 | | | | | | 4.73 | | | | | | 1,343 | | | | | | 8,834 | | | | | | 4.73 | | | | | | 1,343 | | | | | | 9,628 | | | | | | 16.86 | | | | | | 5,218 | | |
Santa Gertrudis | | | | | O/P | | | | | | − | | | | | | − | | | | | | − | | | | | | 19,267 | | | | | | 3.66 | | | | | | 2,269 | | | | | | 19,267 | | | | | | 3.66 | | | | | | 2,269 | | | | | | 9,819 | | | | | | 1.85 | | | | | | 585 | | |
Santa Gertrudis | | | | | U/G | | | | | | − | | | | | | − | | | | | | − | | | | | | − | | | | | | − | | | | | | − | | | | | | − | | | | | | − | | | | | | − | | | | | | 9,079 | | | | | | 23.31 | | | | | | 6,803 | | |
Santa Gertrudis Total | | | | | | | | | | | − | | | | | | − | | | | | | − | | | | | | 19,267 | | | | | | 3.66 | | | | | | 2,269 | | | | | | 19,267 | | | | | | 3.66 | | | | | | 2,269 | | | | | | 18,898 | | | | | | 12.16 | | | | | | 7,389 | | |
Total Silver | | | | | | | | | | | 4,739 | | | | | | 2.92 | | | | | | 445 | | | | | | 61,018 | | | | | | 30.99 | | | | | | 60,796 | | | | | | 65,757 | | | | | | 28.97 | | | | | | 61,240 | | | | | | 39,874 | | | | | | 28.34 | | | | | | 36,328 | | |
| | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
COPPER | | | | | Mining Method* | | | | | | 000 Tonnes | | | | | | % | | | | Tonnes Cu | | | | | 000 Tonnes | | | | | | % | | | | | | Tonnes Cu | | | | | | 000 Tonnes | | | | | | % | | | | | | Tonnes Cu | | | | | | 000 Tonnes | | | | | | % | | | | | | Tonnes Cu | | | |||
LaRonde | | | | | U/G | | | | | | − | | | | | | − | | | | | | − | | | | | | 6,424 | | | | | | 0.13 | | | | | | 8,613 | | | | | | 6,424 | | | | | | 0.13 | | | | | | 8,613 | | | | | | 1,569 | | | | | | 0.28 | | | | | | 4,371 | | |
Akasaba West | | | | | O/P | | | | | | − | | | | | | − | | | | | | − | | | | | | 4,044 | | | | | | 0.43 | | | | | | 17,270 | | | | | | 4,044 | | | | | | 0.43 | | | | | | 17,270 | | | | | | − | | | | | | − | | | | | | − | | |
Upper Beaver | | | | | U/G | | | | | | − | | | | | | − | | | | | | − | | | | | | 3,636 | | | | | | 0.14 | | | | | | 5,135 | | | | | | 3,636 | | | | | | 0.14 | | | | | | 5,135 | | | | | | 8,688 | | | | | | 0.20 | | | | | | 17,284 | | |
San Nicolás (50%) | | | | | O/P | | | | | | 261 | | | | | | 1.35 | | | | | | 3,526 | | | | | | 3,037 | | | | | | 1.17 | | | | | | 35,489 | | | | | | 3,297 | | | | | | 1.18 | | | | | | 39,015 | | | | | | 2,468 | | | | | | 0.94 | | | | | | 23,144 | | |
Chipriona | | | | | O/P | | | | | | − | | | | | | − | | | | | | − | | | | | | 10,983 | | | | | | 0.16 | | | | | | 17,291 | | | | | | 10,983 | | | | | | 0.16 | | | | | | 17,291 | | | | | | 976 | | | | | | 0.12 | | | | | | 1,174 | | |
El Barqueño Gold | | | | | O/P | | | | | | − | | | | | | − | | | | | | − | | | | | | 8,834 | | | | | | 0.19 | | | | | | 16,400 | | | | | | 8,834 | | | | | | 0.19 | | | | | | 16,400 | | | | | | 9,628 | | | | | | 0.22 | | | | | | 21,152 | | |
El Barqueño Silver | | | | | O/P | | | | | | − | | | | | | − | | | | | | − | | | | | | − | | | | | | − | | | | | | − | | | | | | − | | | | | | − | | | | | | − | | | | | | 4,393 | | | | | | 0.04 | | | | | | 1,854 | | |
Total Copper | | | | | | | | | | | 261 | | | | | | 1.35 | | | | | | 3,526 | | | | | | 36,958 | | | | | | 0.27 | | | | | | 100,198 | | | | | | 37,218 | | | | | | 0.28 | | | | | | 103,724 | | | | | | 27,721 | | | | | | 0.25 | | | | | | 68,980 | | |
| | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ZINC | | | | | Mining Method* | | | | | | 000 Tonnes | | | | | | % | | | | | | Tonnes Zn | | | | | | 000 Tonnes | | | | | | % | | | | Tonnes Zn | | | | | 000 Tonnes | | | | | | % | | | | | | Tonnes Zn | | | | | | 000 Tonnes | | | | | | % | | | | | | Tonnes Zn | | | |||
LaRonde | | | | | U/G | | | | | | − | | | | | | − | | | | | | − | | | | | | 6,424 | | | | | | 0.74 | | | | | | 47,404 | | | | | | 6,424 | | | | | | 0.74 | | | | | | 47,404 | | | | | | 1,569 | | | | | | 0.36 | | | | | | 5,600 | | |
San Nicolás (50%) | | | | | O/P | | | | | | 261 | | | | | | 0.39 | | | | | | 1,012 | | | | | | 3,037 | | | | | | 0.71 | | | | | | 21,618 | | | | | | 3,297 | | | | | | 0.69 | | | | | | 22,630 | | | | | | 2,468 | | | | | | 0.62 | | | | | | 15,355 | | |
Chipriona | | | | | O/P | | | | | | − | | | | | | − | | | | | | − | | | | | | 10,983 | | | | | | 0.83 | | | | | | 91,637 | | | | | | 10,983 | | | | | | 0.83 | | | | | | 91,637 | | | | | | 976 | | | | | | 0.73 | | | | | | 7,073 | | |
Total Zinc | | | | | | | | | | | 261 | | | | | | 0.39 | | | | | | 1,012 | | | | | | 20,444 | | | | | | 0.79 | | | | | | 160,659 | | | | | | 20,704 | | | | | | 0.78 | | | | | | 161,671 | | | | | | 5,012 | | | | | | 0.56 | | | | | | 28,029 | | |
40-F
2023 FY
AEM
Agnico Eagle Mines Ltd
22 Mar 24
Annual report (Canada)
6:16pm
The following table sets out the Company’s expected capital expenditures for 2024.
| | | 2024 Capital Expenditures (Expected)(1) (thousands of $) | | |||||||||||||||||||||||||||
| | | Capital Expenditures | | | Capitalized Exploration | | ||||||||||||||||||||||||
| | | Sustaining | | | Development | | | Sustaining | | | Non-sustaining | | | Total | | |||||||||||||||
LaRonde Complex | | | | $ | 86,100 | | | | | $ | 68,200 | | | | | $ | 2,300 | | | | | $ | – | | | | | $ | 156,600 | | |
Canadian Malartic Complex | | | | | 135,900 | | | | | | 167,500 | | | | | | – | | | | | | 7,100 | | | | | | 310,500 | | |
Goldex mine | | | | | 52,800 | | | | | | 7,700 | | | | | | 2,900 | | | | | | – | | | | | | 63,400 | | |
Detour Lake mine | | | | | 274,800 | | | | | | 201,100 | | | | | | – | | | | | | 20,300 | | | | | | 496,200 | | |
Macassa mine | | | | | 59,400 | | | | | | 97,800 | | | | | | 2,100 | | | | | | 32,900 | | | | | | 192,200 | | |
Meliadine mine | | | | | 70,200 | | | | | | 82,400 | | | | | | 5,500 | | | | | | 13,200 | | | | | | 171,300 | | |
Meadowbank Complex | | | | | 94,000 | | | | | | – | | | | | | – | | | | | | – | | | | | | 94,000 | | |
Fosterville mine | | | | | 35,800 | | | | | | 41,100 | | | | | | – | | | | | | 11,000 | | | | | | 87,900 | | |
Kittila mine | | | | | 87,200 | | | | | | 2,900 | | | | | | 1,900 | | | | | | 5,400 | | | | | | 97,400 | | |
Pinos Altos mine | | | | | 19,800 | | | | | | 15,400 | | | | | | 1,800 | | | | | | 500 | | | | | | 37,500 | | |
San Nicolas project | | | | | – | | | | | | 17,000 | | | | | | – | | | | | | – | | | | | | 17,000 | | |
Other | | | | | – | | | | | | 35,900 | | | | | | – | | | | | | 1,700 | | | | | | 37,600 | | |
Total Capital Expenditures | | | | $ | 916,000 | | | | | $ | 737,000 | | | | | $ | 16,500 | | | | | $ | 92,100 | | | | | $ | 1,761,600 | | |
40-F
2023 FY
AEM
Agnico Eagle Mines Ltd
22 Mar 24
Annual report (Canada)
6:16pm
| | | Metal Prices for Mineral Resource Estimation(1) | | |||||||||||||||||||||
| | | Gold (US$/oz) | | | Silver (US$/oz) | | | Copper (US$/lb) | | | Zinc (US$/lb) | | ||||||||||||
| | | | $ | 1,650 | | | | | | 22.50 | | | | | | 3.75 | | | | | | 1.25 | | |
40-F
2023 FY
AEM
Agnico Eagle Mines Ltd
22 Mar 24
Annual report (Canada)
6:16pm
| SILVER | | | Mining Method* | | | 000 Tonnes | | | g/t | | | 000 Oz Ag | | | 000 Tonnes | | | g/t | | | 000 Oz Ag | | | 000 Tonnes | | | g/t | | | 000 Oz Ag | | | Recovery %** | | ||||||||||||||||||||||||||||||
| LaRonde | | | U/G | | | | | 2,342 | | | | | | 14.32 | | | | | | 1,078 | | | | | | 8,568 | | | | | | 21.60 | | | | | | 5,950 | | | | | | 10,910 | | | | | | 20.04 | | | | | | 7,028 | | | | | | 74.9 | | |
| Pinos Altos | | | O/P | | | | | 24 | | | | | | 43.30 | | | | | | 33 | | | | | | 2,363 | | | | | | 36.35 | | | | | | 2,762 | | | | | | 2,387 | | | | | | 36.42 | | | | | | 2,796 | | | | | | 44.5 | | |
| Pinos Altos | | | U/G | | | | | 2,386 | | | | | | 40.03 | | | | | | 3,070 | | | | | | 4,150 | | | | | | 47.41 | | | | | | 6,326 | | | | | | 6,536 | | | | | | 44.71 | | | | | | 9,396 | | | | | | 49.3 | | |
| Pinos Altos Total | | | | | | | | 2,410 | | | | | | 40.06 | | | | | | 3,104 | | | | | | 6,514 | | | | | | 43.40 | | | | | | 9,088 | | | | | | 8,924 | | | | | | 42.50 | | | | | | 12,192 | | | | | | | | |
| San Nicolás (50%)(20)(21) | | | O/P | | | | | 23,858 | | | | | | 23.93 | | | | | | 18,356 | | | | | | 28,761 | | | | | | 20.91 | | | | | | 19,333 | | | | | | 52,619 | | | | | | 22.28 | | | | | | 37,689 | | | | | | 38.6 | | |
| Total Silver | | | | | | | | 28,609 | | | | | | 24.50 | | | | | | 22,538 | | | | | | 43,843 | | | | | | 24.38 | | | | | | 34,371 | | | | | | 72,453 | | | | | | 24.43 | | | | | | 56,909 | | | | | | | | |
40-F
2023 FY
AEM
Agnico Eagle Mines Ltd
22 Mar 24
Annual report (Canada)
6:16pm
| | | Proven | | | Probable | | | Total | | |||||||||
December 31, 2022 – thousand tonnes | | | | | 1,892 | | | | | | 14,718 | | | | | | 16,610 | | |
Processed in 2023 – thousand tonnes | | | | | (3,843) | | | | | | − | | | | | | (3,843) | | |
Revision – thousand tonnes | | | | | 5,010 | | | | | | (2,420) | | | | | | 2,590 | | |
December 31, 2023 – thousand tonnes | | | | | 3,059 | | | | | | 12,298 | | | | | | 15,357 | | |
40-F
2023 FY
AEM
Agnico Eagle Mines Ltd
22 Mar 24
Annual report (Canada)
6:16pm
| | | Proven | | | Probable | | | Total | | |||||||||
December 31, 2022 – thousand tonnes | | | | | 4,904 | | | | | | 5,490 | | | | | | 10,394 | | |
Processed in 2023 – thousand tonnes | | | | | (1,157) | | | | | | − | | | | | | (1,157) | | |
Revision – thousand tonnes | | | | | 703 | | | | | | (967) | | | | | | (264) | | |
December 31, 2023 – thousand tonnes | | | | | 4,450 | | | | | | 4,523 | | | | | | 8,972 | | |