The main exploration and growth projects are in Canada, a stable country that is mining-industry friendly. Canadian Malartic's production is not subject to a hedging instrument, and the seasoned construction team that built Canadian Malartic is ready to undertake other large-scale projects.
- Hammond Reef
- The Hammond Reef Gold Project is located 23 kilometres northeast of the Town of Atikokan and 200 kilometres west of Thunder Bay, Ontario, within Treaty 3 lands, the traditional territory of the Anishinaabe people and an area recognized by the Metis Nation of Ontario as their traditional harvesting territories.
Hammond Reef is a large deposit that has an open-pit recovery potential. Osisko performed more than 330,000 metres of drilling before the Canadian Malartic Partnership was formed.
- The project team recently finalized an environmental impact study that was filed in accordance with the terms of reference in January 2014. A feasibility study was presented in 2013, and a Memorandum of Understanding was signed with the Métis Nation of Ontario in April 2012. Furthermore, resource-sharing agreements were reached with eight Aboriginal groups in December 2010.
- Past exploration work on the property led to the development of a small mining operation in the 1890s, and again in the 1930s. Other exploration work by Falconbridge in the 1980s, and by Pentland Firth in the 1990s, paved the way for Brett Resources Inc. to launch a much bigger exploration project. In 2010, after acquiring Brett Resources, Osisko carried out an intensive exploration program and updated the earlier definition of the deposit.
- Kirkland Lake
- The Canadian Malartic Partnership is now largest holder of mineral rights in the Kirkland Lake district.
Some thirty properties – most of which are contiguous – cover an area of approximately 240 square kilometres and are located some 600 kilometres north of Toronto and 80 kilometres west of Rouyn-Noranda.
The properties host ten gold deposits that contain current and historic mineral resources. The focus to date has been on three of these properties: Upper Beaver, Bidgood and Canadian Kirkland.
- Current activities focus on the Gauthier Township, where the Company has NI 43-101 mineral resources on five properties: Upper Beaver, McBean-Anoki, Bidgood, Upper Canada and Amalgamated Kirkland. The goal is to increase the mineral resources for possible eventual development into a mine. Future activities will likely focus on the Upper Beaver and Canadian Kirkland properties.
- The Kirkland Lake Project properties were acquired in December 2012 as part of the purchase of Queenston Mining Inc.
Kirkland Lake is a world-renowned mining district that is one of the most prolific gold camps in North America. The camp ranks second in Canada, after Timmins, with respect to total ounces of gold produced.