Agnico Eagle Mines Ltd.

AEM · TSX AEM · NYSE

agnicoeagle

$69.9B

USD

Market cap · 2026–07 · week 29

🇨🇦 Canada, Toronto

Country

Precious Metals

Sector

Producer · Senior · Gold · Australia · Canada · Mexico

Last updated 21 June 2026

Data compiled from public filings — information only, not investment advice. AI‑assisted; see methodology.

Overview: Agnico Eagle Mines Limited is a senior Canadian gold producer headquartered in Toronto, Canada, operating primarily in Canada, Australia, Finland, and Mexico. The portfolio comprises 11 operating mines, including LaRonde (with the LaRonde mine and LZ5), Canadian Malartic (with the Canadian Malartic and Odyssey mines), Goldex (with Goldex and Akasaba West), Detour Lake, Macassa, Meliadine, and Meadowbank (with the Amaruq satellite) in Canada, Fosterville in Australia, Kittila in Finland, and Pinos Altos in Mexico, supported by a pipeline of development projects and exploration programs. Key assets include LaRonde, Canadian Malartic, Detour Lake, Meadowbank, and Meliadine. The business model centers on the exploration, development, and mining of precious metals, primarily gold, with by-product silver, zinc, and copper, in politically stable, proven gold-producing regions. Processing capabilities span conventional cyanidation, carbon-in-pulp circuits, and flotation, allowing the treatment of varied ore types across the operating base. The enterprise is not dependent on a single purchaser for its gold given the deep and liquid nature of the global market. The group remains subject to mineral price cycles, with marketability affected by worldwide economic conditions and macroeconomic factors beyond its control.

Strategy: Strategic direction is guided by delivering high-quality growth while maintaining leading standards in health and safety, environmental performance, and social responsibility. The enterprise intends to build a strong pipeline of projects to drive future production and to attract and develop the people who execute its plans. A core objective is the continual addition to its mineral base through a combination of acquisitions, exploration, and development. Capital allocation is prioritized toward high-return growth opportunities within the existing portfolio while strengthening the balance sheet and returning capital to shareholders. The organization manages assets across stages, from production and construction to permitting and exploration, advancing development plans at projects such as Odyssey's second shaft, Detour Lake's underground, Upper Beaver, Hope Bay, Wasamac, and the Marban deposit. Exploration activity is concentrated in politically stable, proven gold-producing regions across Canada, Australia, Europe, Latin America, and the United States, aimed at identifying new mineral reserves, mineral resources, and development opportunities to replenish and extend the production base. Long-term growth ambitions include building toward roughly one million ounces of annual gold production at each of Detour Lake and Canadian Malartic, leveraging the enduring value of gold to deliver returns through economic and market volatility.

Management: Executive leadership is headed by President & Chief Executive Officer Ammar Al-Joundi, who has held the role since February 2022 and previously served as the company's President and as Chief Financial Officer, with earlier senior finance roles at Barrick Gold Corporation. The Board is chaired by Sean Boyd, who joined the company in 1985, served as Chief Executive Officer for over two decades, and became Chair on December 31, 2023, while Jamie Sokalsky serves as independent Lead Director and Jeffrey Parr as Vice-Chair. The 11-member Board of Directors, of whom 9 are independent of management, discharges its responsibilities through 5 standing committees. These are the Audit Committee (Jeffrey Parr as Chair, with John Merfyn Roberts and Jamie Sokalsky, all independent, financially literate, and Chartered Accountants), the Compensation Committee (Leona Aglukkaq as Chair), the Corporate Governance Committee (Peter Grosskopf as Chair), the Health, Safety, Environmental and Sustainable Development Committee (Deborah McCombe as Chair), and the Technical Committee (Jonathan Gill as Chair). Governance practices require directors and officers to disclose material conflicts of interest and abstain from voting on related resolutions, with the Audit Committee reviewing risk-management and hedging strategies quarterly.

Sustainability: The organization's sustainability framework is guided by policies covering environmental and corporate social responsibility, business ethics, anti-corruption, diversity, and human rights, with safety treated as the highest operating priority. A notable environmental initiative is a biological water treatment plant that addresses the presence of thiocyanate in the tailings ponds at the LaRonde mine. The company operates a Good Neighbour framework to govern relations with local communities and maintains a collaboration agreement with the Abitibiwinni First Nation near its Québec operations. Social programs include formalizing small-scale miners through contracts that provide access to social security, training, and legal markets in its operating regions. The social investment framework is built on 5 pillars and funded over 90 projects in 2024 spanning infrastructure, education, economic development, and healthcare, benefiting thousands of community members. A safety-first culture is treated as the foundation of operational reliability, protecting personnel, operations, and host communities while reinforcing the company's reputation as a partner of choice. The Health, Safety, Environmental and Sustainable Development Committee of the Board provides dedicated oversight of these environmental and social policies and practices, ensuring alignment with the company's commitment to environmentally sound and socially responsible resource development.

Structure: A foundational structural event was the 2022 merger of equals with Kirkland Lake Gold Ltd., which became a wholly-owned subsidiary and was legally amalgamated, together with St. Andrew Goldfields Ltd., effective January 1, 2024, significantly expanding the operating base. In 2023, the enterprise acquired Yamana Gold Inc.'s subsidiaries and partnerships holding its Canadian assets, including the remaining 50% of the Canadian Malartic mine it did not already own. On April 6, 2023, the company formed a joint venture with Teck Resources for the San Nicolás copper-zinc development project in Zacatecas, Mexico, earning a 50% interest by funding the venture entity's expenditures for $580.0 million as study and development costs are incurred. In early 2025, the group completed the acquisition of O3 Mining Inc. for aggregate consideration of approximately C$193.5 million, adding the 100%-owned Marban advanced-exploration property adjacent to Canadian Malartic near Val-d'Or. The Kirkland Lake combination also brought the Australian operations under subsidiaries renamed Agnico Eagle Australia Pty Ltd and Agnico Eagle Victoria Pty Ltd, integrating Fosterville into the group. Operations are conducted through material subsidiaries including Agnico Eagle Mexico, S.A. de C.V., Agnico Eagle Finland Oy, Fosterville Gold Mine Pty Ltd., and Agnico Eagle Zacatecas, S.A. de C.V., which holds the San Nicolás joint-venture interest.

Hedge: The treasury posture maintains an unhedged stance on primary gold production, consistent with a long-standing general policy not to sell forward future gold output so that shareholders retain full exposure to spot gold prices, with all production traditionally sold at the prevailing spot price. The company occasionally uses derivative instruments to mitigate the effect of fluctuating by-product metal prices, employing strategies such as selling futures contracts or purchasing put options, none of which qualify for hedge accounting under IFRS, so year-end mark-to-market changes are recognized in gain or loss on derivative financial instruments. The enterprise also uses foreign-exchange derivative strategies to manage currency exposure on operating costs incurred in local currencies. The Audit Committee reviews and assesses management's risk-assessment and risk-management strategies, including hedging, on a quarterly basis.

Source: Agnico Eagle Mines Limited - Annual Information Form - 2025

Portfolio Aggregate · 1 project

Portfolio mode — asset rows are for context only; tab totals use the company aggregation.

Agnico Eagle Consolidated Portfolio

Portfolio

Canada

Open project page

Mining

Type

Operating

Status

🇨🇦 Canada

Country

Project information

As at 31 December 2025

Aggregation level: Company portfolio

Report standard: Ni 43 101

Ownership %: 100

Operator: Yes

Extraction: Open Pit Underground

Description

As at 31 December 2025

Agnico Eagle Mines Limited (TSX/NYSE: AEM) - one of world's largest senior gold producers. 11 operating mines + San Nicolás JV. 5 material properties: LaRonde, Canadian Malartic, Detour Lake, Meadowbank, Meliadine. 2025 production 3,447,367 oz Au at production costs US$965/oz, total cash costs US$979/oz, AISC US$1,339/oz. Target 1 million oz Au from sites.

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Operating · 10 projects

Canadian Malartic

Asset

Canada, Abitibi Greenstone Belt

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Mining

Type

Operating

Status

Abitibi Greenstone Belt

Country

Project information

As at 31 December 2025

Aggregation level: Asset

Report standard: Ni 43 101

Ownership %: 100

Operator: Yes

Extraction: Open Pit Underground

Description

As at 31 December 2025

Canadian Malartic - Abitibi, Quebec. 100% acquired Mar 31 2023 via Yamana Transaction (initial 50% from June 2014; remaining 50% from Yamana). Odyssey UG project commenced March 2023. Mine life to 2042. Material property.

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Detour Lake

Asset

Canada, Abitibi Greenstone Belt

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Mining

Type

Operating

Status

Abitibi Greenstone Belt

Country

Project information

As at 31 December 2025

Aggregation level: Asset

Report standard: Ni 43 101

Ownership %: 100

Operator: Yes

Extraction: Open Pit

Strip ratio: 3.38 : 1

Description

As at 31 December 2025

Detour Lake - Ontario. 100% acquired Feb 8 2022 via Kirkland Lake Gold merger. Mine life to 2052. Material property.

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Meliadine

Asset

Canada

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Mining

Type

Operating

Status

🇨🇦 Canada

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Project information

As at 31 December 2025

Aggregation level: Asset

Report standard: Ni 43 101

Ownership %: 100

Operator: Yes

Extraction: Open Pit Underground

Description

As at 31 December 2025

Meliadine - Nunavut. Acquired July 2010. Commercial production May 2019. Mine life to 2036. Material property.

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Kittila

Asset

Finland, europe

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Mining

Type

Operating

Status

🇫🇮 Finland, europe

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Project information

As at 31 December 2025

Aggregation level: Asset

Report standard: Ni 43 101

Ownership %: 100

Operator: Yes

Extraction: Underground

Description

As at 31 December 2025

Kittila - Finland. Acquired Nov 2005. Commercial production May 2009. Mine life to 2037.

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Fosterville

Asset

Australia, oceania

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Mining

Type

Operating

Status

🇦🇺 Australia, oceania

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Project information

As at 31 December 2025

Aggregation level: Asset

Report standard: Jorc

Ownership %: 100

Operator: Yes

Extraction: Underground

Description

As at 31 December 2025

Fosterville - Victoria, Australia. Acquired Feb 2022 via Kirkland Lake Gold merger. Mine life to 2037.

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Goldex

Asset

Canada, Abitibi Greenstone Belt

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Mining

Type

Operating

Status

Abitibi Greenstone Belt

Country

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As at 31 December 2025

Aggregation level: Asset

Report standard: Ni 43 101

Ownership %: 100

Operator: Yes

Extraction: Underground

Description

As at 31 December 2025

Goldex - Abitibi, Quebec. M&E Zones + Akasaba West (production Feb 2024). Mine life to 2032.

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Macassa

Asset

Canada, Abitibi Greenstone Belt

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Mining

Type

Operating

Status

Abitibi Greenstone Belt

Country

Project information

As at 31 December 2025

Aggregation level: Asset

Report standard: Ni 43 101

Ownership %: 100

Operator: Yes

Extraction: Underground

Description

As at 31 December 2025

Macassa - Ontario. Acquired Feb 2022 via Kirkland Lake Gold merger. Includes Macassa Near Surface + Amalgamated Kirkland projects. Mine life to 2032.

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Pinos Altos

Asset

Mexico

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Mining

Type

Operating

Status

🇲🇽 Mexico

Country

Project information

As at 31 December 2025

Aggregation level: Asset

Report standard: Ni 43 101

Ownership %: 100

Operator: Yes

Extraction: Open Pit Underground

Description

As at 31 December 2025

Pinos Altos - Mexico. Commercial production Nov 2009. Mine life to 2028.

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LaRonde Complex (LaRonde + LZ5)

District

Canada, Abitibi Greenstone Belt

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Mining

Type

Operating

Status

Abitibi Greenstone Belt

Country

Project information

As at 31 December 2025

Aggregation level: District / complex

Report standard: Ni 43 101

Ownership %: 100

Operator: Yes

Extraction: Underground

Ore type: Sulphide

Processing route: Grinding and flotation, or CIL

Description

As at 31 December 2025

LaRonde Complex (Abitibi, Quebec) - LaRonde mine to depth >700m + LZ5 (Lapa Zone 5). Material property. LaRonde acquired 1992; LZ5 commercial production June 2018.

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Meadowbank Complex (incl Amaruq)

District

Canada

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Mining

Type

Operating

Status

🇨🇦 Canada

Country

Project information

As at 31 December 2025

Aggregation level: District / complex

Report standard: Ni 43 101

Ownership %: 100

Operator: Yes

Extraction: Open Pit Underground

Description

As at 31 December 2025

Meadowbank Complex - Nunavut. Open pit + UG. Amaruq satellite (UG commercial Aug 2022). Mine life to 2030. Material property.

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Development · 5 projects

Hammond Reef

Asset · Feasibility

Canada, Ontario

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Mining

Type

Development

Status

🇨🇦 Canada, Ontario

Country

Project information

As at 31 December 2025

Aggregation level: Asset

Report standard: Ni 43 101

Ownership %: 100

Operator: Yes

Extraction: Open Pit

Description

As at 31 December 2025

Hammond Reef - western Ontario. Open-pit gold development project; acquired via Osisko Mining/Kirkland Lake Gold history.

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Hope Bay

Asset · Feasibility

Canada, Nunavut

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Mining

Type

Development

Status

🇨🇦 Canada, Nunavut

Country

Project information

As at 31 December 2025

Aggregation level: Asset

Report standard: Ni 43 101

Ownership %: 100

Operator: Yes

Extraction: Underground

Description

As at 31 December 2025

Hope Bay - Kitikmeot region, Nunavut. 100%-owned underground gold development project; 2026 focus on expanding and converting resources. Acquired 2021.

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Upper Beaver

Asset · Feasibility

Canada, Ontario, Abitibi Greenstone Belt

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Mining

Type

Development

Status

🇨🇦 Canada, Ontario (Abitibi Greenstone Belt)

Country

Project information

As at 31 December 2025

Aggregation level: Asset

Report standard: Ni 43 101

Ownership %: 100

Operator: Yes

Extraction: Open Pit Underground

Description

As at 31 December 2025

Upper Beaver - Kirkland Lake area, Ontario (Abitibi). Gold-copper development project acquired Feb 2022 via Kirkland Lake Gold merger; 2026 development capital allocated.

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Wasamac

Asset · Feasibility

Canada, Quebec, Abitibi Greenstone Belt

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Mining

Type

Development

Status

🇨🇦 Canada, Quebec (Abitibi Greenstone Belt)

Country

Project information

As at 31 December 2025

Aggregation level: Asset

Report standard: Ni 43 101

Ownership %: 100

Operator: Yes

Extraction: Underground

Description

As at 31 December 2025

Wasamac - Abitibi region, Quebec. 100% acquired Mar 31 2023 via Yamana Transaction. Development-stage underground gold project; advancing study/development plans.

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San Nicolás Joint Venture

Asset · Feasibility · Ownership 50%

Mexico

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Mining

Type

Development

Status

🇲🇽 Mexico

Country

Project information

As at 31 December 2025

Aggregation level: Asset

Report standard: Ni 43 101

Ownership %: 50

Operator: No

Extraction: Open Pit

Description

As at 31 December 2025

San Nicolás Cu-Zn 50/50 JV with Teck Resources (formed Apr 6 2023). AEM subscribed $580m for 50% via MSN. Zacatecas, Mexico.

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Exploration · 10 projects

Chipriona

Asset · Pre-feasibility

Mexico

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Mining

Type

Exploration

Status

🇲🇽 Mexico

Country

Project information

As at 31 December 2025

Aggregation level: Asset

Report standard: Ni 43 101

Ownership %: 100

Operator: Yes

Extraction: Open Pit

Description

As at 31 December 2025

Chipriona - Mexico. Polymetallic (Au-Ag-Cu-Zn) open-pit exploration project.

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Holt Complex

Asset · Pre-feasibility

Canada, Ontario, Abitibi Greenstone Belt

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Mining

Type

Exploration

Status

🇨🇦 Canada, Ontario (Abitibi Greenstone Belt)

Country

Project information

As at 31 December 2025

Aggregation level: Asset

Report standard: Ni 43 101

Ownership %: 100

Operator: Yes

Extraction: Underground

Description

As at 31 December 2025

Holt Complex - Ontario (Abitibi/Kirkland Lake area). Underground gold complex acquired Feb 2022 via Kirkland Lake Gold merger; not in active production.

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Northern Territory

Asset · Pre-feasibility

Australia, Northern Territory

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Mining

Type

Exploration

Status

🇦🇺 Australia, Northern Territory

Country

Project information

As at 31 December 2025

Aggregation level: Asset

Report standard: Jorc

Ownership %: 100

Operator: Yes

Extraction: Open Pit Underground

Description

As at 31 December 2025

Northern Territory - Australia. Gold exploration assets acquired via Kirkland Lake Gold merger (Feb 2022); open-pit and underground resources.

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Anoki-McBean

Asset · Pre-feasibility

Canada, Ontario, Abitibi Greenstone Belt

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Mining

Type

Exploration

Status

🇨🇦 Canada, Ontario (Abitibi Greenstone Belt)

Country

Project information

As at 31 December 2025

Aggregation level: Asset

Report standard: Ni 43 101

Ownership %: 100

Operator: Yes

Extraction: Underground

Description

As at 31 December 2025

Anoki-McBean - Ontario (Abitibi/Kirkland Lake area). Underground gold exploration project.

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Aquarius

Asset · Pre-feasibility

Canada, Ontario, Abitibi Greenstone Belt

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Mining

Type

Exploration

Status

🇨🇦 Canada, Ontario (Abitibi Greenstone Belt)

Country

Project information

As at 31 December 2025

Aggregation level: Asset

Report standard: Ni 43 101

Ownership %: 100

Operator: Yes

Extraction: Open Pit

Description

As at 31 December 2025

Aquarius - Ontario (Abitibi). Open-pit gold exploration/development project.

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El Barqueño

Asset · Pre-feasibility

Mexico

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Mining

Type

Exploration

Status

🇲🇽 Mexico

Country

Project information

As at 31 December 2025

Aggregation level: Asset

Report standard: Ni 43 101

Ownership %: 100

Operator: Yes

Extraction: Open Pit

Description

As at 31 December 2025

El Barqueno - Jalisco, Mexico. Gold-silver exploration project with separate Gold and Silver zones.

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Santa Gertrudis

Asset · Pre-feasibility

Mexico

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Mining

Type

Exploration

Status

🇲🇽 Mexico

Country

Project information

As at 31 December 2025

Aggregation level: Asset

Report standard: Ni 43 101

Ownership %: 100

Operator: Yes

Extraction: Open Pit Underground

Description

As at 31 December 2025

Santa Gertrudis - Sonora, Mexico. Gold-silver exploration/development project with open-pit and underground resources.

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Tarachi

Asset · Pre-feasibility

Mexico

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Mining

Type

Exploration

Status

🇲🇽 Mexico

Country

Project information

As at 31 December 2025

Aggregation level: Asset

Report standard: Ni 43 101

Ownership %: 100

Operator: Yes

Extraction: Open Pit

Description

As at 31 December 2025

Tarachi - Mexico. Open-pit gold exploration project.

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Upper Canada

Asset · Pre-feasibility

Canada, Ontario, Abitibi Greenstone Belt

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Mining

Type

Exploration

Status

🇨🇦 Canada, Ontario (Abitibi Greenstone Belt)

Country

Project information

As at 31 December 2025

Aggregation level: Asset

Report standard: Ni 43 101

Ownership %: 100

Operator: Yes

Extraction: Open Pit Underground

Description

As at 31 December 2025

Upper Canada - Kirkland Lake area, Ontario (Abitibi). Gold exploration project with open-pit and underground resources.

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Barsele

Asset · Pre-feasibility · Ownership 55%

Sweden

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Mining

Type

Exploration

Status

🇸🇪 Sweden

Country

Project information

As at 31 December 2025

Aggregation level: Asset

Report standard: Ni 43 101

Ownership %: 55

Operator: Yes

Extraction: Open Pit Underground

Description

As at 31 December 2025

Barsele - Vasterbotten, Sweden. 55%-owned gold exploration project. On Jan 28 2026 AEM agreed to sell its 55% interest to Goldsky Resources Corp. (closing expected by Jun 30 2026, retaining ~32.5% of Goldsky + 2% NSR); sale not yet closed.

Mining metrics

As at 31 December 2025 · exclusive

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Reserves & resources — detail

As at 31 December 2025

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Reclamation · 1 project

La India

Asset · Reclamation

Mexico

Open project page

Mining

Type

Reclamation

Status

🇲🇽 Mexico

Country

Project information

As at 31 December 2025

Aggregation level: Asset

Report standard: Ni 43 101

Ownership %: 100

Operator: Yes

Extraction: Open Pit

Ore type: Oxide

Processing route: Heap leach, or acid leach and SX-EW

Description

As at 31 December 2025

La India - Sonora, Mexico. Former open-pit heap-leach gold mine; active mining ended, in residual leaching/closure phase. 2025 mine-site and regional exploration only (no payable production).

Mining metrics

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Reserves & resources — detail

As at 31 December 2025

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Assumptions

The projects listed here reflect the information captured in this workspace and are not necessarily a complete picture of the company's portfolio. For authoritative figures, refer to the company's official filings.

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How to read this tab

The tables below list unit codes most often used in the Precious Metals sector for this company. MetalPilot stores contained metal or product in the codes below; grade and tonnage use separate fields. In side-by-side comparison views (stock page Portfolio tab, watchlist By sector), heterogeneous source units are converted to each commodity's preferred display unit (for example Moz Au, kt Cu, MMbbl oil) before summing; the same canonical codes appear in project data.

What the Portfolio tab shows

The Portfolio tab presents a project-level view of the company's reported assets, built from publicly disclosed information (technical reports, annual filings, MD&A, investor presentations, MRMR / R&R statements, NI 43-101 / NI 51-101 / SEC S-K 1300 / SEC S-K 1200 / JORC / SAMREC / PERC / PRMS / COGEH filings, and similar primary sources).
Figures are grouped by project type (mining, oil & gas, royalty, stream, processing facility, development, portfolio aggregate) and are shown alongside the headline reserve base, headline production, headline grade / quality, cost benchmarks, estimated lifetime, commercial terms (for royalties / streams), operational capacity (for processing) and a single-figure rating where the underlying data supports one.
Each data table on the Portfolio tab is followed by ONE Assumptions footnote describing the modelling choices for that table; KPI stat-card assumptions appear in the bottom block instead. All legal and section disclaimers are merged into a single disclaimer list at the bottom of the Portfolio tab.

Concepts in your sector — Precious metals

Resources vs Reserves. Resources are geological estimates that could one day be mined; Reserves are the subset with a feasibility study and plausible positive economics. Measured → Indicated → Inferred describe increasing geological uncertainty; Proven → Probable are reserve labels from Measured/Indicated. Inferred resources are not convertible to reserves under most codes.
Grade (g/t) is the headline number on gold/silver pages. High-grade is often above 5 g/t; >10 g/t is bonanza territory; below 1 g/t is bulk low-grade. Open-pit cut-offs are typically lower than underground.
AISC (All-In Sustaining Cost) is direct cash costs + sustaining capex + royalties + corporate overhead + reclamation, per ounce produced. C1 strips sustaining capex and corporate overhead. Both are non-GAAP and defined differently across issuers.
By-product credits. Polymetallic deposits credit by-product value against the main metal cost; negative AISC after credits does not mean the main metal is sold below cash cost.

Portfolio tab — table guide

Portfolio KPIs — company-level headline numbers aggregated from the featured projects (project counts, attributable annual production by commodity, attributable resource base by commodity, last filing date, operator share). USD value lines multiply attributable volumes by the resolved snapshot price.
Portfolio snapshot — one-screen summary of the portfolio: counts by type and status, country mix, reporting standards used, operator share, primary commodity, attributable annual production summary and attributable resource base summary.
Mining — one row per mining project, with columns for project name, location, status, primary commodities, production (with rating), reserves & resources (with rating), grade (with rating), costs and estimated lifetime. Multi-commodity projects emit one summary row per commodity.
Royalty — one row per royalty interest held by the company. Columns cover the underlying project, operator, commodity, commercial terms (rate, type, cap, area-of-interest), attributable production, attributable reserves and estimated lifetime.
Stream — one row per metal stream held by the company. Each row shows the underlying project, the streamed commodity, the headline stream percentage, the ongoing per-ounce / per-tonne payment, and attributable production / reserves.
Processing facilities — one row per midstream / processing facility (pipeline, fractionator, LNG train, storage cavern, refinery, smelter, mill, heap-leach pad, CPP, etc.). Columns include nameplate capacity, contracted capacity, feedstock commodities and operational footprint.
Development — projects in development status or in a pre-production lifecycle phase. The production column is re-labelled 'Targeted production (rating)' to highlight that the figures are plans, not actuals.
Portfolio Aggregate — a single company-level row used when the company itself publishes a portfolio rollup (e.g. company-wide 2P barrels across all properties).
Reserves & resources — detail — a leaf-category pivot showing every reserve and resource category disclosed across the projects.
NPV (grouped) — all NPV rows captured from the filings, grouped by commodity, resource category, development status and pricing case. Each NPV figure is shown with its discount rate, basis (before-tax / after-tax), currency and value scale.

Ownership / Working interest

Ownership percentage means the company's working-interest share of the asset: its slice of the project before royalties and before government take. It is shown on a 0–100 scale.
Mines, oil and gas fields, and processing facilities — this is how much of the asset belongs to the company under that working-interest idea. One hundred percent is fully owned; a lower number usually means partners share the rest.
Royalties and streaming agreements — the percentage is often not the story; what matters economically is usually the royalty or stream rate, shown elsewhere alongside these figures.
Oil and gas — read this as gross working interest only. Do not treat it as net production or net wells after royalties; when filings distinguish gross from net, that shows up in how the resource numbers themselves are labelled.
Below 100% — the short summary for each project names other owners and their stakes when the source says who they are.
NRI vs WI (O&G). Working interest (WI) is the obligation to pay a share of costs; net revenue interest (NRI) is the share of revenue after royalties and overriding-royalty interests. A 100% WI well rarely produces 100% NRI; typical onshore U.S. NRI is 75–87.5% of WI depending on the lease royalty.
Operator vs non-operator. The operator runs day-to-day operations; non-operating partners pay their WI share of costs but do not run the asset. Some Portfolio rows show operator share where disclosed.
Consolidation method — how the issuer accounts for the asset. Separate from how much the company owns (ownership %) and who operates it, this accounting treatment decides whether an asset's figures sit inside the company's reported group totals or are stripped out to a single net line. It applies to operating assets (mines, oil & gas fields, processing facilities) and is left blank for royalties, streams, and company-level portfolio rollups.
Consolidated — the company controls the asset and includes 100% of its figures in the group total; the portion it does not own is carried as a non-controlling interest (NCI). Control is not the same as a majority, so a company can consolidate an asset it holds less than half of. Where ownership is below 100%, the Portfolio shows the NCI percentage (100 minus the company's stake).
Proportionate — a jointly-operated asset the company includes at its own share, line by line; the share is inside the group total.
Equity method — an associate or joint venture shown on a single net line, with its revenue excluded from the group total. This is the usual reason a company's reported total is smaller than the sum of its individual assets; the Portfolio flags the share of a commodity total that is equity-accounted.
Cost / other — a passive or fair-value holding, excluded from the group total.

Units, conversions & reporting standards

Unit codes, conversion cheat sheets, cost benchmarks (AISC, C1–C3), reporting standards (NI 43-101, JORC, SEC S-K 1300) and resource/reserve category definitions live in the full terminology & units reference.

Each table lists the numeric band for scores 1–5 (production and resource base; grade where applicable for mining commodities) using the same thresholds as project rating stat cards. Only commodities that appear on featured projects for this document are listed.

Gold

Score

Production

Resource base

Grade

1 / 5

0–50 koz Au

0–1 Moz Au

0–1 g/t Au

2 / 5

50–125 koz Au

1–2.5 Moz Au

1–2 g/t Au

3 / 5

125–250 koz Au

2.5–5 Moz Au

2–5 g/t Au

4 / 5

250–500 koz Au

5–10 Moz Au

5–8 g/t Au

5 / 5

≥ 500 koz Au

≥ 10 Moz Au

≥ 8 g/t Au

Silver

Score

Production

Resource base

Grade

1 / 5

0–1 Moz Ag

0–25 Moz Ag

0–50 g/t Ag

2 / 5

1–3 Moz Ag

25–75 Moz Ag

50–100 g/t Ag

3 / 5

3–7 Moz Ag

75–150 Moz Ag

100–200 g/t Ag

4 / 5

7–12 Moz Ag

150–225 Moz Ag

200–300 g/t Ag

5 / 5

≥ 12 Moz Ag

≥ 225 Moz Ag

≥ 300 g/t Ag

Copper

Score

Production

Resource base

Grade

1 / 5

0–50 kt Cu

0–500 kt Cu

0–0.5 % Cu

2 / 5

50–125 kt Cu

500–2000 kt Cu

0.5–1 % Cu

3 / 5

125–250 kt Cu

2000–5000 kt Cu

1–1.5 % Cu

4 / 5

250–500 kt Cu

5000–10000 kt Cu

1.5–2 % Cu

5 / 5

≥ 500 kt Cu

≥ 10000 kt Cu

≥ 2 % Cu

Zinc

Score

Production

Resource base

Grade

1 / 5

0–50 kt Zn

0–1 Mt Zn

0–2.5 % Zn

2 / 5

50–150 kt Zn

1–3 Mt Zn

2.5–5 % Zn

3 / 5

150–300 kt Zn

3–7 Mt Zn

5–8 % Zn

4 / 5

300–500 kt Zn

7–15 Mt Zn

8–12 % Zn

5 / 5

≥ 500 kt Zn

≥ 15 Mt Zn

≥ 12 % Zn

Copper uses kt Cu bands (Mlb Cu when lb-scale copper resources appear on featured projects). Lithium grade uses hard-rock % Li₂O bands unless brine-style extraction or brine units appear on featured projects.

Assumptions

Presented values are denominated in currency of the country where the company is headquartered. Values like market capitalization might differ from the values visible in other parts of the page, where the currency is always USD.