United States

In the United States, we are evaluating and searching across the continental United States and in Alaska for quality exploration and mine development opportunities. Our 2019 exploration budget of $7.4 million is principally focused on internal exploration properties largely in the western United States and Alaska, but we are open to new and exciting outside opportunities.

Delta: In 2019 we continue to evaluate select areas on our 100%-owned Delta project in Alaska to identify targets for future resource expansion drilling.

Helm Bay: Agnico Eagle acquired 100% interest in the Helm Bay property by staking. The Helm Bay area in southeast Alaska was the site of small-scale mining from the late 1800s and early 1900s on numerous high-grade gold quartz veins. For 2019, our focus is on acquiring the necessary permits to drill targets generated in 2018, and identifying additional targets.

Gryphon Gold: In 2018, Agnico Eagle entered into a joint venture option agreement to earn a 75% interest in the 10,000-hectare Gryphon Gold property in central Nevada. We plan to do extensive geological mapping, and geochemical and geophysical surveys to better define the existing sediment-hosted gold targets and to generate additional opportunities at this project.