Agnico Eagle Mines Limited (NYSE:AEM) Q3 2023 Earnings Call Transcript

Ammar Al-Joundi : And I think Lawson and just to build on what Jean said, you’re right, I mean, high volume rail. But if it’s relatively small volume, trucks can be effective too. And sometimes even small volume that you can do it efficiently that makes sense. So big, big ticket items, probably rail. But in some cases, trucks makes sense if it’s lower volume and shorter distance.

Lawson Winder: And then when you were when you’re thinking about what you’re like the investment from Agnico, might be with that. Are we just talking about, like a loading station and nothing much further than that?

Ammar Al-Joundi : Yeah, it’s basically it’s effectively that. Yeah. So there’s the effectively, you transport from the stockpile, to the spot where you can unload. And typically what you have to build is maybe two kilometers of rail so that the train can pull in, and you can load it over a day without blocking the track. So it’s really just it’s the infrastructure to move the ore to that two kilometers of rail and then the same thing in the unloading.

Lawson Winder: That’s great. Well, it’s quite exciting. I look forward to the next update on that. Thank you very much, Ammar and Jean.

Ammar Al-Joundi : Thank you

Operator: There are no further questions at this time, I’d now like to turn the call back over to Mr. Ammar Al-Joundi for any closing remarks.

Ammar Al-Joundi: Thank you, operator and thank you everyone for being on the line and for your continued support. And as you know, we love talking about the company. So if there are any other questions that we didn’t answer today, just give us a call directly. And with that, we’ll end it. Thank you everyone.

Operator: Thank you, sir. Ladies and gentlemen, this concludes your conference call for today. We thank you for participating. And ask that you please disconnect your lines. Have a lovely day.