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Hammond Reef (Au)

Royalty and terms: 2% net smelter return (NSR)
Operator:  Agnico Eagle
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Primary Commodity: Gold
Location: Ontario, Canada
Reserves and resources:
  • Measured and Indicated resources of 5.4 million ounces of gold (196.4 million tonnes grading 0.86 g/t Au).
  • Infered resources of 1.8 million ounces of gold (75.7 million tonnes grading 0.72 g/t Au.)
Status: Development


Details:

The 2018 focus is to complete the Environmental Assessment (EA/EIS). Provincial and federal EA approval must be received to start permit applications for any construction activities moving forward.

Source: Company disclosure and Osisko management estimates.