Operator: Agnico Eagle Mines Limited

Location: Quebec, Canada

Royalty: 2.0% NSR (all metals)

Term of Royalty: Life of Mine

LaRonde Zone 5 (“LZ5”) is an underground mine, owned and operated by Agnico Eagle Mines Limited (“Agnico Eagle”). LZ5 is located on the Bousquet property, immediately west of the LaRonde mine complex, in the Rouyn-Noranda mining district, northwestern Quebec, Canada.

LZ5 was approved for development in February 2017 as an underground mining operation and achieved commercial production on June 1, 2018.

Underground access is via a decline and the mining methods are longitudinal retreat with paste backfill, and transverse open stoping with paste or unconsolidated waste backfill. The ore is trucked to the surface and then 2 kilometers east to the LaRonde processing complex.

Ore from LZ5 is commingled with ore from the LaRonde Mine (Penna Shaft) and treated through the 7,200 tonne per day (tpd) carbon-in-pulp (CIP) plant.