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

 

Source: Company disclosure and Osisko management estimates.