The Wasamac property is located approximately 15 km west-southwest of Rouyn-Noranda, Quebec, Canada, in Beauchastel Township, within the central portion of the Abitibi gold mining district. The property consists of three mining concessions covering 757.65 ha and eleven mining claims covering 391.68 ha for a total area of 1,149.33 ha in Beauchastel Township. 

Prior to the acquisition by Agnico Eagle, Yamana outlined that positive infill and exploration drilling results to date indicate the potential for a strategic mine life of 10 to 15 years at 200,000 to 250,000 ounces of gold per year.

The Wasamac property is subject to a 2021 Feasibility Study with highlights of:

Interest: 1.5% NSR Royalty (Buyback right of 0.5% for C$7.5 million is retained by owner of the property)

Location: Rouyn-Noranda, Quebec

Project Status: Development

Counterparty: Agnico Eagle Mines (TSX: AEM)


Subscribe for Updates