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Mines & Projects

Reserves & Resources

Meadowbank had approximately 24 million tonnes of proven and probable reserves grading 2.8 grams of gold per tonne, containing 2.2 million ounces of gold, as of December 31, 2011.

Meadowbank Mine
Mineral Reserve & Resource Data
As of December 31, 2011  
CATEGORY & OPERATION Au
(g/t)
Ag
(g/t)
Cu
(%)
Zn
(%)
Ag
(%)
Ag(oz)
(x000)
Au(oz)
(x000)
Tonnes
(x000)
Proven Reserves  
Open Pit 1.49 - - - - - 92 1,931
Probable Reserves  
Open Pit 2.91 - - - - - 2,109 22,563
Total Proven & Probable Reserves 2.79 - - - - - 2,201 24,494
Indicated Resources  
Open Pit 1.99 - - - - - 950 14,872
Underground 4.85 - - - - - 365 2,341
Total Indicated Resources 2.38 - - - - - 1,315 17,213
Inferred Resources  
Open Pit 3.03 - - - - - 149 1,532
Underground 4.36 - - - - - 310 2,213
Total Inferred Resources 3.81 - - - - - 459 3,745
*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., Vice-president Project Development, and a “Qualified Person” for the purposes of National Instrument 43-101. The Qualified Person responsible for the Meadowbank mineral reserves estimate is independent consultant Elzéar Belzile, ing.