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Mines & Projects

Key Facts

Location: Nunavut, Canada
Property: 55,892 ha
Probable gold reserve*: 2.9 million ounces (12.4 million tonnes at 7.2 g/t)
Indicated resource*: 1.7 million ounces gold (12.6 million tonnes at 4.1 g/t)
Inferred resource*: 2.4 million ounces gold (12.7 million tonnes at 6 g/t)
Stage: Advanced exploration
Secondary metals: n/a
Type of potential mining: open pit and underground
Date acquired: Agnico-Eagle purchased 16% interest in July 2008; acquired 100% interest in July 2010
Percent ownership: 100%
Current work: surface exploration drilling and permitting, preparing to take underground bulk sample; initial feasibility study completed March 2011; new feasibility study has begun using increased production rate, taking into account successful exploration results in 2010

*Source Meliadine December 31, 2010 Reserves and Resources