Probe Gold Inc T.PRB

Alternate Symbol(s): PROBF

Metals & Mining Gold

Probe Gold Inc. is a Canadian gold exploration company focused on the acquisition, exploration, and development of highly prospective gold properties. The owns 100% of its flagship asset, the multimillion-ounce Novador Gold Project in Quebec, as well as an early-stage Detour Gold Quebec project. The Company holds a large land package of approximately 1685-square-kilometres of exploration ground within some of the prolific gold belts in Quebec. Its Casa Cameron Project includes the Casagosic, Sinclair-Bruneau and Florence properties, which are located north of the towns of La Sarre, Amos and Lebel-sur-Quevillon, northwest region in Quebec. It also holds three properties in the James Bay Lowlands area of northern Ontario, Canada: the Black Creek Property, the Tamarack-McFauld’s Lake Property, and the Victory Property. The Company has a 50/50 joint venture with Pan American Silver on the Meunier-144 property. It also owns 100% interest in the Croinor Property located in Val-d’Or, Quebec.

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Probe Gold Inc > Grade Comparisons (2)

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Post by Goodluck395on Jun 16, 2024 11:16pm

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Post# 36091508

Grade Comparisons (2)

Agnico's Canadian Malartic (From form 40F)

Mining Methods

Mining at the Canadian Malartic mine is by open pit method with excavators and trucks, using large scale equipment. The primary loading tools are hydraulic excavators, with wheel loaders used as a secondary loading tool. The current mine production schedule was developed to feed the mill at a nominal rate of 52,000 tonnes per day.

The throughput at the Canadian Malartic Complex in 2023 averaged 53,654 tonnes per day.

Mining at the Odyssey mine will be done using underground methods.

Production and Mineral Recoveries

Production and cost information set out below regarding the Canadian Malartic Complex reflects Agnico Eagle’s 50% interest from January 1 and up to and including March 30, 2023, and 100% thereafter.

Agnico Eagle’s payable production from the Canadian Malartic Complex was 603,955 ounces of gold and 310,494 ounces of silver from 17.3 million tonnes of ore grading 1.17 grams of gold per tonne and 0.80 grams of silver per tonne. The production costs per ounce of gold produced at the Canadian Malartic Complex in 2023 were $771. The total cash costs per ounce of gold produced at Canadian Malartic in 2023 were $824 on a by- product basis and $835 on a co-product basis. The Canadian Malartic Complex processing facility averaged 53,685 tonnes per day (100% basis) and operated approximately 93.9% of available time. Gold and silver recovery averaged 92.8% and 72.3%, respectively. The production costs per tonne at the Canadian Malartic Complex were C$36 in 2023 and the minesite costs per tonne were C$39 in 2023.

The following table sets out the metal recoveries at the Canadian Malartic Complex on a 100% basis in 2023.

Overall

Head Metal Payable

Grade Recovery Production

Gold 1.17 g/t 92.8% 603,955 oz

Silver 0.80 g/t 72.3% 310,494 oz

Annual production at the Canadian Malartic Complex in 2024 is expected to be between 615,000 to 645,000 ounces of gold and approximately 358,000 ounces of silver. The total cash costs per ounce in 2024 are expected to be approximately $926 per ounce on a by-product basis. Production and minesite costs per tonne of C$41.80 are expected in 2024.

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