Mexico is the core focus of our exploration program in Latin America.
Morelos Sur: The Morelos Sur project is in the Guerrero gold belt in Guerrero State, central Mexico, southwest of Mexico City. It hosts six gold prospects, of which La Magnetita is considered the most significant, and numerous exploration targets. The property is adjacent to other mining and exploration projects containing substantial gold deposits owned by other companies, such as the operating Los Filos open pit gold mine to the east.
Agnico has 100% interest in the Morelos Sur property subject to various NSR royalties, which can be bought out. It was acquired as part of Agnico’s Cayden Resources acquisition in November 2014.