Odyssey UG (Au)

Royalty and Terms:
  • 5% NSR royalty on East Gouldie, Odyssey South & western half of East Malartic
  • 3% NSR Royalty ON Odyssey North and eastern half of East Malartic
Operator:  Visit Agnico Eagle & Yamana Gold (Canadian Malartic Partnership) for more information
Primary Commodity: Gold, Silver
Location: Québec, Canada
Reserves and Resources:
  • Proven and probable reserves of 196 koz Au (2.8 Mt @ 2.21 g/t Au)
  • Measured and indicated resources (exclusive of reserves) of 6,164 koz Au (64.2 Mt @ 2.99 g/t Au)
  • Inferred resources of 9,234 koz Au (132.5 Mt @ 2.17 g/t Au)
  • STEADY STATE (2029): 500-600 koz
  • 2023e: 50 koz
  • 2024-2025e: 80 koz


  • Potential upgrading of large remaining Mineral Resource inventory to Mineral Reserves
  • Potential material expansion of Mineral Resources to the east, west and at depth
  • Future updates on the potential addition of a second shaft to facilitate increased underground production rates
  • Odyssey UG mine is forecast to gradually ramp-up production in 2023

More details in the 2023 Asset Handbook


Source: Company disclosure and Osisko management estimates.