Hope Bay

MMX Interest:  1.0% NSR royalty
MMX Metal Exposure:  Gold (Au), Silver (Ag)
Location:  Nunavut, Canada
Operator:  Agnico Eagle Mines Ltd.
Status:  Production paused
 

Asset Information

  • Property is an 80 km by 20 km Archean greenstone belt with over 90 regional exploration targets
  • Mining area is made up of three main high-grade gold deposits: Doris, Madrid and Boston
  • First gold pour was achieved in February 2017 and commercial production declared at the Doris mine in May 2017
  • Acquired by Agnico Eagle in February 2021
  • Production will remain paused in 2022 and 2023 as Agnico Eagle focuses on exploration activities to develop an optimal production strategy around the geologic potential of the land package
  • Internal evaluations underway regarding the potential to operate a 4,000 tonne per day mine that could produce 250,000 to 300,000 ounces of gold per year
  • In 2022, expected to complete 80,000 metres of drilling in a $32.2 million exploration program

For more information on Hope Bay, please visit www.agnicoeagle.com.

 

Source: Agnico Eagle Mines Ltd. public disclosure.