![]() Teck and Agnico Eagle anticipate development capital costs of $1,000-$1,100 million. Over the first five years of production, the companies expect to produce 63,000 tons per annum of copper and 147,000 tons per annum of zinc in concentrate. ![]() The companies intend to submit an Environmental Impact Assessment and Permit application for San Nicolas in the first half of 2023, with a feasibility study expected to be completed in early 2024.Īs the companies announced in September 2022, the first production from the project is expected in 2026, with a projected mine life of 15 years and significant potential for mine life extension and regional exploration upside. ("MSN") shares under the agreement, giving Agnico Eagle a 50% stake in MSN. Agnico Eagle agreed to subscribe for $580 million in Minas de San Nicolas, S.A.P.I. Teck and Agnico Eagle entered a joint venture shareholders agreement on Sep 16, 2022. Teck and Agnico Eagle have formed a 50/50 strategic alliance at San Nicolas to advance permitting and development of the high-quality copper-zinc project in Zacatecas, Mexico. ![]() TECK announced the completion of its joint venture transaction with Agnico Eagle Mines Limited AEM to advance the San Nicolas copper-zinc development project.
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