NOTES: Mineral reserves are reported exclusive of mineral resources. Tonnage amounts and contained metal amounts presented in this table have been rounded to the nearest thousand, so aggregate amounts may differ from column totals. Please refer to the Company news release dated February 15, 2024 and the Company’s Annual Information Form for the year ended December 31, 2023, for further details on mineral reserves and mineral resources.
The scientific and technical information relating to Agnico Eagle's mineral reserves and mineral resources contained herein has been approved by Dyane Duquette, P.Geo., Vice President, Mineral Resources Management, who is a "Qualified Person" for the purposes of NI 43-101.
The assumptions used for the December 2023 mineral reserves estimate at all mines and advanced projects reported by the Company (other than the Detour Lake, Hope Bay, Hammond Reef and San Nicolás) were US$1,400 per ounce gold, US$18.00 per ounce silver, US$3.50 per pound copper and US$1.00 per pound zinc. Exceptions: US$1,300 per ounce of gold used for Detour Lake; US$1,350 per ounce of gold used for Hope Bay and Hammond Reef; US$1,200 per ounce of gold and US$2.75 per pound of copper used for Upper Beaver; and US$1,300 per ounce of gold, US$20.00 per ounce of silver, US$3.00 per pound of copper and US$1.10 per pound of zinc used for San Nicolás.
The assumptions used for the December 2023 mineral resources estimate at all mines and advanced projects reported by the Company were US$1,650 per ounce gold, US$22.50 per ounce silver, US$3.75 per pound copper and US$1.25 per pound zinc, with the following exceptions: US$1,500 per ounce of gold used for Detour Lake open pit, Northern Territory and Holt complex; US$1,300 per ounce of gold used for Detour Lake Zone 58N; US$1,400 per ounce of gold used for Canadian Malartic; US$1,688 per ounce of gold used for Hope Bay, Santa Gertrudis and Hammond Reef; US$1,667 per ounce of gold used for Upper Canada and El Barqueño; US$1,200 per ounce of gold and US$2.75 per pound of copper used for Upper Beaver; US$1,533 per ounce of gold used for Barsele; US$500 per ounce of gold used for Aquarius; US$22.67 per ounce of silver used for El Barqueño; US$1,687 per ounce of gold used for Anoki-McBean and Tarachi; US$25.00 per ounce of silver used for Santa Gertrudis; and US$1,300 per ounce of gold, US$20.00 per ounce of silver, US$3.00 per pound of copper and US$1.10 per pound of zinc used for San Nicolás.
The assumptions used for currency exchange rates for the 2023 mineral reserves and mineral resources estimates were: CAD$1.30 per US$1.00; 18.00 Mexican pesos per US$1.00; AUD$1.36 per US$1.00; and US$1.10 per €1.00, with the following exceptions: exchange rates of C$1.25 per US$1.00 used for Upper Beaver, Upper Canada, Holt complex and Detour Lake Zone 58N; CAD$1.11 per US$1.00 used for Aquarius; US$1.15 per €1.00 used for Barsele; and MXP17.00 per US$1.00 used for Tarachi.