Overview
- Agnico Eagle acquired a 50% interest in the San Nicolas project in April 2023 from Teck Resources Limited. The two companies formed a 50/50 joint venture partnership to advance permitting and development of San Nicolas – Agnico Eagle has committed to fund the first US$580 million of project costs, with subsequent funding to be contributed according to each partner’s ownership percentage.
- At December 31, 2024, on a 50% basis representing Agnico Eagle’s interest, proven and probable mineral reserves were estimated to be 52.6 million tonnes at average grades of 1.12% copper, 1.48% zinc,
0.40 g/t gold and 22 g/t silver.
- Permitting and environmental work is ongoing while the Joint Venture prepares an updated feasibility study.
For more information on our exploration projects and activities, see the Company’s recent news.