12 March 2015
TORONTO, March 12, 2015 /PRNewswire/ - Agnico Eagle Mines Limited (NYSE:AEM, TSX:AEM) ("Agnico Eagle" or the "Company") has completed and filed with Canadian securities regulators an updated National Instrument 43-101 ("NI 43-101") technical report on the Meliadine gold project in Nunavut, Canada. The technical report has an effective date of February 11, 2015 and is available on www.sedar.com under Agnico Eagle's profile.
The Meliadine project was acquired in July 2010, and it is the Company's largest development project based on reserves and resources. The Company has a 100% interest in the 111,757 hectare property, which is linked to the town of Rankin Inlet by a 25 kilometer all-weather access road.
"Given the large reserve and resource base, Meliadine is a key asset in our Nunavut development strategy," said Sean Boyd , President and CEO of Agnico Eagle. "We continue to study and analyze various scenarios and alternatives at Meadowbank, Amaruq and Meliadine to capitalize on our large and growing reserves and resources in the region. We believe that between the Meliadine and Amaruq deposits, the Company has a significant mining platform that could potentially be producing gold for several decades," added Mr. Boyd.