NYSE: AEM 44.23
-1.24 -2.73%
Volume: 1,490,540
April 19, 2018
TSX: AEM 56.03
-1.42 -2.47%
Volume: 353,442
April 19, 2018
Gold: 1,345.85
-4.22 -0.31%
April 19, 2018

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 2017 exploration budget of $5.5 million is principally focused on outside exploration opportunities largely in the western United States and Alaska.

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 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 $470,000 in 2017 at PQX, Summit and West Pequop on land-holding fees and environmental compliance for the properties.

Delta: In 2017 we plan to evaluate select areas on our 100%-owned Delta project in Alaska to identify targets for drilling in 2018 and complete an updated resource estimate on the previously drilled VMS lenses.