Agnico Eagle's regional exploration activities in Australia are mainly centred around the Fosterville mine in Victoria State with the aim of establishing the mine as a long-life asset through success in replacing mineral reserves.
In 2023, approximately $1.3 million is budgeted for regional exploration on properties surrounding the Fosterville mine and $3.3 million is budgeted for 4,000 metres of drilling in the Northern Territory, mostly to test new targets at Pine Creek, Maud Creek, Mt Paqualin and Union Reefs.