About Greenstone
OPERATOR: Equinox (60%) Orion Mine Finance (40%) JV
ACQUISITION DATE: December 15, 2021
TOTAL ACQUISITION PRICE: $95 Million
- Tranche 1: $13.3 Million
- Tranche 2: $81.7 Million
STREAM OVERVIEW:
5.938% stream of gold production attributed to Orion’s 40% interest until 120,333 ounces have been delivered, and 3.958% thereafter. Includes an ongoing ESG financial commitment by Nomad to support mining operations. Nomad has made a commitment to deliver an ongoing payment of $30/oz to fund mine-level environmental and social programs.
PROJECT OVERVIEW:
Open-pit gold mine, processing plant and ancillary facilities, collectively known as the Greenstone Project (the “Project”)
The property is located ~275 km northeast of Thunder Bay, Ontario and ~4 km south of Geraldton, Ontario, at the intersection of Provincial Highway 584 and Trans-Canada Highway 11
The Project encompasses the former Hardrock, MacLeod-Cockshutt and Mosher underground mines which operated from the late 1930s until about 1970 and together produced more than two million ounces of gold
Site rehabilitation work was undertaken during the 1990s
GGM proposes to mine the Hardrock deposit as an open pit over a Life of Mine (LOM) of ~15 years
Project infrastructure will include a process plant operating 365 days per year and a mill with throughput averaging 27,000 tonnes per day
Project schedule by phase:
–Construction: 3 years, with ore stockpiling commencing after the first year of construction
–Operation: 15 years, with Year 1 representing a transition from construction to operation





