Agnico Eagle is planning to develop and operate a new underground gold and copper mine with a small open pit and processing facility at the Upper Beaver Project site, located approximately 5km northeast of Dobie, Ontario, in the Gauthier and McVittie townships. Currently, the Project is in the Exploration phase, with the goal of beginning an Advanced Exploration Program in 2024, pending internal approval.
Related to the mine project design, although the base case scenario continues to include a mill and tailings storage facilities on site during production, other alternatives are still under evaluation. Agnico Eagle expects to consolidate the results of various internal evaluations early in 2024 and report results through the first half of 2024. Any alternatives retained for the Project will be addressed in the Impact Statement.