On July 29, 2026, Agnico announced that trucking of ore from the AK deposit to the LZ5 processing facility commenced in the second quarter of 2026. The LZ5 mill processed 71,000 tonnes of ore from the AK deposit and produced 7,800 ounces of gold.
Subscribe for the latest news, presentations and investor materials from Metalla Royalty & Streaming.
Canada
Amalgamated Kirkland (“AK”) is located adjacent to Agnico Eagle’s Macassa mine complex and is within a few hundred metres of the existing Macassa underground workings, including the South Mine Complex mineralization. Agnico is using new ramp access to incorporate the nearby AK and Near Surface deposits into the Macassa mine plan, providing additional operational flexibility.
Agnico originally planned to begin trucking and processing ore from the AK deposit to the LZ5 processing facility at LaRonde in late 2025. Following completion of modifications to the LZ5 facility, Agnico now expects trucking and processing of AK ore to begin in the second quarter of 2026. Gold production from AK is forecast at approximately 45 koz in 2026, increasing to between 50 koz and 60 koz annually in 2027 and 2028.
In 2025, drilling at Macassa included work on the AK deposit, where Agnico reported increases in Mineral Reserves and Mineral Resources from positive drilling results. In 2026, drilling is expected to continue at shallower depths in the AK deposit.
Metalla holds a 0.45% NSR royalty on Amalgamated Kirkland.
Metalla GEOs reflect the attributable gold-equivalent ounces under the 0.45% NSR Royalty. Resources shown exclusive of reserves. See Asset Handbook for full notes.
Gold equivalent ounces accrued per quarter