NYSE: AEM 45.32
-0.06 -0.13%
Volume: 1,317,466
February 24, 2017
TSX: AEM 59.39
-0.14 -0.23%
Volume: 819,370
February 24, 2017
Gold: 1,257.08
+7.54 +0.6%
Volume:
February 24, 2017

United States

In the United States, we are evaluating and searching across continental United States and in Alaska for quality exploration and mine development opportunities. Our 2016 exploration budget of $3.4 million is focused on the West Pequop project and the nearby Summit project, both in Nevada, as well as outside exploration opportunities.

PQX, Summit and West Pequop: Three properties - PQX, Summit (both 100% owned by Agnico Eagle) and West Pequop (a 51% Agnico-49% Newmont joint venture, operated by Agnico Eagle) - are adjacent to Newmont’s Long Canyon mine development in northeast Nevada. There is potential for gold in high-grade feeder structures in an extension of the Long Canyon deposit. West Pequop has historic gold resources, with the potential for growth. We plan to spend $1.1 million in 2016 on 2,000 metres of reverse circulation drilling at Summit, as well as on land-holding fees and environmental compliance for the properties.