NOTES: Mineral reserves are not a subset 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 23, 2022 and the Company’s Annual Information Form for the year ended December 31, 2021, for further details on mineral reserves and mineral resources.
The scientific and technical information relating to Agnico Eagle's pre-merger mineral reserves and mineral resources contained herein (other than the Canadian Malartic mine and other Canadian Malartic GP projects such as Odyssey, East Malartic and East Gouldie) has been approved by Dyane Duquette, P. Geo., Corporate Director, Reserves Development of the Company; relating to mineral reserves and mineral resources at the Canadian Malartic mine and other Canadian Malartic GP projects such as Odyssey, East Malartic and East Gouldie, has been approved for open pit by Guy Gagnon, Eng., Principal Engineer and for underground by Sylvie Lampron, Eng., Senior Project Mine Engineer at Canadian Malartic Corporation (for engineering) and Pascal Lehouiller, P. Geo., Senior Resource Geologist at Canadian Malartic Corporation (for geology) — each of whom is a "Qualified Person" for the purposes of National Instrument 43-101. The Canadian Malartic GP, owned by Agnico Eagle (50%) and Yamana (50%), owns and operates the Canadian Malartic mine and related projects.
The scientific and technical information related to mines and properties that were held by Kirkland Lake Gold prior to the merger with Agnico Eagle Mines in February 2022 in have been reviewed and approved by Natasha Vaz, P.Eng., Chief Operating Officer and Eric Kallio, P.Geo, Senior Vice-President, Exploration. Ms. Vaz and Mr. Kallio each of who is a “Qualified Person” as defined in NI 43-101 and have reviewed and approved disclosure of the technical information and data in the Kirkland Lake Gold mineral reserves and mineral resources estimates.
The assumptions used for the December 2021 mineral reserves estimate at all mines and advanced projects reported by the Company prior to the merger with Kirkland Lake Gold Ltd (other than the Hope Bay, Hammond Reef project and Upper Beaver projects) were US$1,250 per ounce gold, US$18.00 per ounce silver, US$3.00 per pound copper and US$1.00 per pound zinc, and exchange rates of C$1.30 per US$1.00, 18.00 Mexican pesos per US$1.00 and US$1.15 per €1.00. For Hope Bay and Hammond Reef, assumptions of US$1,350 per ounce gold and C$1.30 per US$1.00 were used, and at Upper Beaver, assumptions of US$1,200 per ounce gold, US$2.75 per pound copper and C$1.25 per US$1.00 were used.
The assumptions used for the December 2021 mineral reserves estimate at all mines and advanced projects reported by Kirkland Lake Gold Ltd. prior to the merger with Agnico Eagle Mines Ltd. in February 2022, were US$1,300 per ounce gold and exchange rates of C$1.31 per US$1.00 and A$1.36 per US$1.00.