A 23% increase in inferred mineral resources
Agnico Eagle’s measured and indicated mineral resources increased 1% to approximately 15.1 million ounces of gold in 2015.
Inferred mineral resources increased 23% to approximately 16.5 million ounces of gold. At Amaruq, gold resources increased by 119%, with inferred mineral resources now totalling 3.3 million ounces (16.9 million tonnes grading 6.05 g/t gold). This is an increase of 1.8 million ounces of gold compared with a year ago.
Initial inferred gold resources were estimated at the El Barqueño project in Mexico and the Sisar Zone at Kittila. At El Barqueño, initial inferred mineral resources are estimated to be 0.61 million ounces (19.7 million tonnes grading 0.96 g/t gold and 5.78 g/t silver), while at Kittila the recently updated mineral resources include initial inferred mineral resources of 0.65 million ounces (3.4 million tonnes grading 5.91 g/t gold) at the recently discovered Sisar Zone.
Mineral Resources