Posted On: 05/27/2015 10:18:39 PM
Post# of 9903
2015 Exploration Budget
The 2015 exploration budget is expected to be around $83 million, which includes $13 million in capitalized exploration and $70 million in expensed exploration. In addition, there is a budget of $24 million for project evaluation and corporate development. A large component of the 2015 exploration program will be focused on the Amaruq project near the Meadowbank mine in Nunavut and the El Barqueno project in Jalisco State, Mexico. These exploration programs are designed to infill and expand known deposits and test other favourable target areas. The ultimate goal is to delineate reserves and resources that can supplement the Company’s existing production profile. \\http://www.agnicoeagle.com/en/Exploration/Pages/default.aspx
The 2015 exploration budget is expected to be around $83 million, which includes $13 million in capitalized exploration and $70 million in expensed exploration. In addition, there is a budget of $24 million for project evaluation and corporate development. A large component of the 2015 exploration program will be focused on the Amaruq project near the Meadowbank mine in Nunavut and the El Barqueno project in Jalisco State, Mexico. These exploration programs are designed to infill and expand known deposits and test other favourable target areas. The ultimate goal is to delineate reserves and resources that can supplement the Company’s existing production profile. \\http://www.agnicoeagle.com/en/Exploration/Pages/default.aspx
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