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.