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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 resources1:
  • 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.

1: Mineral Resources have been classified in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) Definition Standards on Mineral Resources and Mineral Reserves, whose definitions are incorporated by reference into National Instrument NI 43-101.
Source: Company disclosure and Osisko management estimates.