Kirkland Lake – Upper Beaver (Au, Cu)

Royalty and Terms: 2% NSR royalty
Operator:  Visit Agnico Eagle for more information
Primary Commodity: Gold, Copper
Location: Ontario, Canada
Reserves and Resources:
  • Proven and probable reserves of 1,395 koz Au (8.0 Mt @ 5.43 g/t Au, 0.25% Cu) and 20 kt Cu (8.0 Mt @ 0.25% Cu)
  • Measured and indicated resources (exclusive of reserves) of 403 koz Au (3.6 Mt @ 3.45 g/t Au, 0.14% Cu) and 5 kt Cu (3.6 Mt @ 0.14% Cu)
  • Inferred resources of 1,416 koz Au (8.7 Mt @ 5.07 g/t Au, 0.20% Cu) and 17 kt Cu (8.7 Mt @ 0.20% Cu)
Production:
  • LOM Avg.: 150-200 koz Au

Catalysts:

  • An updated technical evaluation of the project is expected to be completed in early 2024 (targeting 150-200 koz/yr of gold production)
  • Ongoing review of processing synergies with Canadian Malartic mill infrastructure (first production to occur as early as 2030 as per Agnico disclosures)

More details in the 2023 Asset Handbook

 

 
Kirkland Lake (Upper Beaver), page 53
Source: Company disclosure and Osisko management estimates.