Agnico Eagle COVID-19 and Operations Update
Notes to Investors Regarding TMAC Mineral Reserves and
Mineral Resources
AGNICO EAGLE
Notes to Investors Regarding the Use of Mineral Resources
The mineral reserve and mineral resource estimates contained in this presentation with respect to TMAC Resources Inc. were prepared by TMAC Resources Inc. in accordance with NI 43-101.
NOTES TO PROVEN & PROBABLE MINERAL RESERVES
1.
CIM definitions were followed for the statement of Mineral Reserves.
2.
The Mineral Reserves for each Individual deposit were defined utilizing the following cut-off grades:
a)
4.0 g/t gold for longhole stopes.
b)
3.0 g/t gold for incremental development ore required for mining.
c)
2.0 g/t gold for the Madrid North crown pillar surface mining.
3.
4.
5.
All Mineral Reserve were estimated using an average long-term gold price of US$1,325 per ounce and a C$/US$ exchange rate of 1.34.
A 50-m crown pillar allowance was applied to Mineral Reserves located below lakes where applicable.
Numbers may not add due to rounding.
NOTES TO MEASURED, INDICATED & INFERRED MINERAL RESOURCES
1.
2.
3.
4.
5.
6.
7.
8.
9.
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CIM definitions were followed for the statement of Mineral Resources.
Mineral Resources are inclusive of those resources converted to Mineral Reserves and are in-situ resources excluding stockpiles.
Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.
The Mineral Resources for each Individual deposit were defined utilizing a block cut-off grade of 3.5 g/t.
All Mineral Resources were estimated using an average long-term gold price of US$1,500 per ounce and a C$/US$ exchange rate of 1.34.
A 50 m crown pillar allowance was applied to Mineral Resources located below lakes where applicable.
A minimum intercept width of 1.5 m was applied to the Mineral Resource modelling.
Ore density was calculated using the geological block model density field.
Numbers may not add due to rounding.
Note: Estimates prepared by and data reported by TMAC Resources.
CIBC 24th Annual Western Institutional Investor Conference | 59View entire presentation