Overview
- Agnico Eagle acquired a 50% interest in the San Nicolás project in April 2023 from Teck Resources Limited. The two companies formed a 50/50 joint venture partnership to advance permitting and development of San Nicolás – Agnico Eagle has committed to fund the first US$580 million of project costs, with subsequent funding to be contributed according to each partner’s ownership percentage.
- At December 31, 2025, on a 50% basis representing Agnico Eagle’s interest, proven and probable mineral reserves were estimated to be 52.6 million tonnes grading 1.12% copper, 1.48% zinc, 0.40 g/t gold and 22 g/t silver.
- Permitting and environmental work is ongoing while the Joint Venture partners prepare an updated feasibility study. Drilling activities are focused on condemnation drilling and geological evaluation near the projected mine area.
For more information on our exploration projects and activities, see the Company’s recent news.