MMX Interest: 1% net smelter return (NSR) royalty
MMX Metal Exposure: Gold (Au)
Location: Nunavut, Canada
Operator: Agnico Eagle Mines Ltd.
- High grade cornerstone asset with 15+ year mine life
- Made up of 3 main deposits (Doris, Madrid and Boston) defined on a large 1,101km2 prospective land package
- Gold recoveries improved from 79% in 2018 to 82% in 2019 and averaged 88% in Q3 2020
- Fully permitted for the continued mining and gold production at Doris and for the development and mining of the Madrid North, Madrid South and Boston deposits
- Pre-feasibility study results announced in March 2020 included updated resource estimates and a potential throughput expansion
For more information on Hope Bay, please visit www.agnicoeagle.com.
Source: Agnico Eagle Mines Ltd. public disclosure.