GoldUSD 1,927.70
SilverUSD 25.11

El Realito Royalty


El Realito is a satellite deposit that is part of Agnico Eagle’s operating La India mine in Sonora, Mexico. The mine was put into production in 2014 and Agnico Eagle disclosed that it produced over 100Koz of gold in 2018 at an AISC of US$685/Oz. In February 2019, Agnico Eagle declared its first reserve estimate at El Realito of 84Koz of gold and 418Koz of silver (3.3 million tonnes grading 0.80g/t gold and 3.96g/t silver) as of December 31, 2018(1). Agnico Eagle disclosed that as of December 31, 2018, it completed 15,879 metres of drilling in 2018 on El Realito and that it expected to drill an additional 10,000 metres for further mine-site exploration and 2,000 metres of infill drilling at El Realito and nearby targets in 2019. In Q1 2019, Agnico Eagle released drill holes testing parallel structures in the pit intersecting 1.4g/t gold and 5g/t silver over 22.4 meters in the northwest and extended the known resource mineralization to the south with hole INER19-239 intersecting 1.3g/t gold and 7g/t silver over 19.8 metres (2). Agnico Eagle disclosed that the system remained open and that the drill program is currently testing extensions of the system to expand the resource.

Interest: 2% NSR Royalty
Location: Sonora, Mexico
Project Status: Development
Counterparty: Agnico Eagle Mines Limited (NYSE:AEM)


El Realito

(1)      Refer to Agnico Eagle’s Annual Information Form for the year ended December 31, 2018, and dated as of March 26, 2019.

(2)      Refer to Agnico Eagle’s First Quarter 2019 results dated April 25, 2019