The Amalgamated Kirkland royalty is split into two separate zones, one operated by Agnico Eagle in its Kirkland Lake camp and one operated by Kirkland Lake at its Macassa mine. The AK Property along with the Upper Beaver and Upper Canada deposits collectively make up Agnico Eagle’s large Kirkland Lake camp where internal studies conceptualize a potential 180Koz to 240Koz per annum gold operation. The AK Property is an underground lode style deposit hosted by one of many northeast-trending structures that lie between the Kirkland Lake Main Break and the Larder-Cadillac Deformation Zone. In 2021, Agnico Eagle expects to spend US$14 million for 52,200 metres of drilling at the Kirkland Lake project.
Interest: 0.45% NSR Royalty
Location: Kirkland Lake Ontario
Project Status: Development
Counterparty: Agnico Eagle Mines (NYSE: AEM)