Canadian Malartic (Au)

Royalty and Terms: 5% NSR royalty on the open-pit at Canadian Malartic, and a $0.40/tonne royalty on any ore sourced from
outside the royalty boundaries processed through the Canadian Malartic mill.
Operator:  Visit Agnico Eagle for more information
Primary Commodity: Gold, Silver
Location: Québec, Canada
Reserves and Resources:
  • Proven and probable reserves of 3,010 koz Au (104.0 Mt @ 0.90 g/t Au)
  • Inferred resources of 132 koz Au (5.6 Mt @ 0.73 g/t Au)
  • 2020: 568 koz Au
  • 2021: 714 koz Au
  • 2022: 659 koz Au
  • 2023e: 655 to 675 koz Au


  • Updated study expected in 2023
  • Increased production from the higher-grade Barnat pit
  • 100% consolidation by Agnico Eagle provides regional opportunities to leverage future excess mill capacity (ie. ongoing updates on mill synergies)

More details in the 2023 Asset Handbook


Source: Company disclosure and Osisko management estimates.