With proven and probable gold reserves standing at 4.7 million ounces as of December 31, 2011 (33 million tonnes grading 4.4 grams of gold per tonne), LaRonde has one of the largest gold reserves of any mine operating in Canada. Open pit and underground deposits of the Bousquet project are located just 3 kilometres west of the LaRonde mine, with a small probable reserve and substantial indicated and inferred resources.

 

LaRonde Mine & Bousquet Project Mineral Reserve & Resource Data
As of December 31, 2011
LARONDE MINE
CATEGORY & OPERATION	Au (g/t)	Ag (g/t)	Cu (%)	Zn (%)	Pb (%)	Ag (oz) (x000)	Au(oz) (x000)	Tonnes (x000)
Proven Reserves
Underground	2.60	43.02	0.28	2.04	0.23	7,374	445	5,331
Probable Reserves
Underground	4.74	22.41	0.27	0.77	0.05	20,107	4,255	27,901
Total Proven & Probable Reserves	4.40	25.72	0.27	0.98	0.08	-	4,700	33,232
Indicated Resources
Underground	1.79	24.70	0.12	1.49	0.15	-	415	7,225
Inferred Resources
Underground	3.68	11.59	0.26	0.44	0.05	-	1,347	11,400
BOUSQUET PROJECT
CATEGORY & OPERATION	Au (g/t)	Ag (g/t)	Cu (%)	Zn (%)	Pb (%)	Ag (oz) (x000)	Au(oz) (x000)	Tonnes (x000)
Probable Reserves
Open Pit	1.88	-	-	-	-	-	191	3,165
Indicated Resources
Open Pit	1.76	-	-	-	-	-	459	8,101
Underground	5.63	-	-	-	-	-	309	1,704
Total Indicated Resources	2.44	-	-	-	-	-	768	9,805
Inferred Resources
Open Pit	1.16	-	-	-	-	-	25	679
Underground	4.54	-	-	-	-	-	568	3,888
Total Inferred Resources	4.04	-	-	-	-	-	593	4,567

^{*Mineral reserves are not a subset of mineral resources.}

Please refer to the company press release dated February 15, 2012 for further details on the mineral reserves and resources. The technical information has been prepared under the supervision of, and reviewed by, Marc Legault P.Eng., Senior Vice-president Project Evaluation, and a “Qualified Person” for the purposes of National Instrument 43-101. The Qualified Person responsible for the LaRonde mineral reserves estimate is François Blanchet, ing., the Superintendent of Geology for the LaRonde Division.