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Upper Beaver / Kirkland Lake (Au, Cu)

Royalty and terms: 2% net smelter return (NSR)
Operator: Agnico Eagle
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Primary Commodity: Gold (Au), Copper (Cu)
Location: Ontario, Canada
Reserves and Resource: Upper Beaver

  • Probable reserve of 1.4 million ounces of gold and 19,980 tonnes of copper (8.0 million tonnes grading 5.43 g/t gold and 0.25% copper
  • Indicated resources of 404 k oz Au (3.6 million tonnes grading 3.45 g/t Au)
  • Inferred resources 1.4 M oz Au (8.6 million tonnes grading 5.07 g/t Au)

Upper Canada

  • Infered resources of 1.75 Moz Au (12.1 million tonnes grading 4.5 g/t Au)

AK Project

  • Indicated resources of 266 koz Au (1.3 million tonnes grading 6.51 g/t Au)
  • Infered resources of 406 koz Au (2.4 million tonnes grading 5.32 g/t Au)
Status: Development

The focus for exploration work at Kirkland Lake during 2020 is to follow up on the positive recent exploration results and data compilation at the project. This is expected to include a 48,000-m exploration drill program targeting the Upper Beaver deposit area as well as mineralized zone extensions at Upper Canada.

Source: Company disclosure and Osisko management estimates.