FC
Macassa (Kirkland Lake)
Project information
As at 31 December 2024
Type:
Royalty
Type:
Royalty
Aggregation level:
Asset
Aggregation level:
Asset
Status:
Operating
Status:
Operating
Report standard:
-
Report standard:
-
Ownership %:
100
Ownership %:
100
Operator:
No
Operator:
No
Operator name:
Agnico Eagle Mines Limited
Operator name:
Agnico Eagle Mines Limited
Country:
Canada
Country:
Canada
Region:
Ontario
Region:
Ontario
Interest conditions:
An overlying 1.5% NSR on Agnico Eagle’s properties surrounding and including the Macassa mine; an underlying 20% profit-based royalty immediately to the southwest of the SMC; a 2% NSR on AK, Upper Canada, Anoki-McBean, Canadian Kirkland and the surrounding land packages; an underlying 2% NSR royalty on the extension of Amalgamated Kirkland; an underlying 2-3% NSR on claims to the west of current operations.
Description
As at 31 December 2024
Agnico Eagle operates the Macassa mine which includes production from the Main Break, ’04 Break, the high-grade South Mine Complex (“SMC”) and the AK deposit. With the commissioning of #4 Shaft in 2023, ore hoisting capacity at the complex has increased to 4,000 tonnes per day. Agnico Eagle now expects to begin processing AK ore at the LZ5 mill in Q4 2025.
Royalty interests
Multiple effective dates · exclusive
Premium access required
This content is available on a paid plan.
Upgrade to Premium to unlock this content.
Reserves & resources — detail
As at 31 December 2024
Premium access required
This content is available on a paid plan.
Upgrade to Premium to unlock this content.