Introduction to the Meliadine Project

"Agnico Eagle Mines Limited (AEM) is a Canadian-based gold producer with operations in Canada, Finland and Mexico. In 2010, AEM produced its first gold bar in Nunavut, Canada as it started its Meadowbank operation. It is also in 2010 that AEM acquired the Meliadine property, which is located 25 Km North of Rankin Inlet, Nunavut, Canada. The Meliadine gold project is an advanced exploration and development project, comprising of workers camp, underground and open mines, a processing plant and all the services facilities and infrastructures required to sustain operation in a remote arctic environment.Pending formal board approval, production start-up is planned for Q3 2019 and the process flowsheet is based on an ore processing rate of 1.1 million dry tonnes per year (3,000 dry tonnes per day from underground mining) for the first three years, and 1.98 million dry tonnes per year (5,000 dry tonnes per day from both underground and open pit mining) for the remaining years at 92% process plant availability.To the end of 2015, more than 45 metallurgical test programs have been conducted on the Meliadine deposits. Based on the results of these programs, an optimal gold circuit was designed, comprising of crushing, grinding, gravity separation and cyanide leaching with a carbon-in-leach circuit (CIL), followed by cyanide destruction and filtration of the tails for dry stacking. The assumed gold recovery for the reserves averages 96.0% at a 7.44-g/t gold average mill feed grade."