Gualcamayo, San Juan Argentine
Operator: Mineros S.A. (100%)
Sustainability: Program Overview
Acquisition Date: May 27, 2020 (Effective date: January 1, 2020)
- 2% NSR royalty excluding first 396,000 ounces of gold contained in products from the oxides after October 25, 2018 (now representing ~275,000 ounces of gold production from January 1, 2020 onwards; Capped at an aggregate amount of $50 million; First payment expected in 2023)
- 1.5% NSR royalty (non-oxide material)
- $30 million production payment on commercial production
Since commencing commercial production in 2009, Gualcamayo has produced 1.4 million ounces of gold. Producing heap leach operation consisting of a process plant capacity of 25,000 tonnes per day.
Currently, the process plant recovers only oxide ore from open pit and underground mining operations.
The deep carbonate project consists of a mineral resource located mainly to the west and at depth of the current mining operations and remains open along strike and at depth.