Day: November 2, 2021

Peter J. Hawley, CEO and President, remarks, “We are pleased to announce additional drill assay results for surface diamond drill hole SM20-37 which is drilled at depth under drill fence SM20-28, SM20-29 and SM20-30. SM20-37 continued to intercept the previously encountered dike and related breccia, and clearly demonstrates gold, silver and base metal enrichment, such as lead, zinc and copper, along with grade and amounts of sulphides, each of which are increasing with depth.”

Tarachi CEO, Cameron Tymstra, commented: “The latest leaching results for Magistral strongly indicate our processing plant’s ability to leach and recover a significant portion of the contained value in the tailings material with minimal effort. We have always looked at Magistral as not just a means to generate significant cash flow for Tarachi, but to do so with one of the smallest carbon footprints per ounce of gold in the industry.”

“Strong drill results continue to demonstrate significant exploration upside at several of our mines and key pipeline projects. The 2021 exploration program is the most ambitious in Agnico Eagle’s 64-year history, as we investigate the full potential of existing operations and key projects in the Company’s pipeline,” said Sean Boyd, Agnico Eagle’s Chief Executive Officer.

“Engaging MGA as Tahuehueto’s underground mining contractor is another milestone and brings our company closer to start production at Tahuehueto.”