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CASTELO DE SONHOS

Operator: TriStar Gold Inc.

Location: Pará State, Brazil

Royalty: 1.5% NSR (all metals)

Term of Royalty: Life of Mine


Castelo de Sonhos (“CDS”) is a gold development project owned by TriStar Mineração do Brasil Ltda, a wholly owned subsidiary of TriStar Gold Inc. (“TriStar”). CDS is located in Pará State Brazil, approximately 20 kilometers from the town of Castelo de Sonhos. 

TriStar completed a Preliminary Economic Assessment for CDS in September 2018 and a Pre-Feasibility Study (PFS) in October 2021. CDS is envisioned as a conventional open-pit operation. In August 2024, TriStar announced the receipt of the preliminary license (LP) permit. The LP permit represents the first of a three-stage environmental licensing process required for mining projects in Brazil. Next steps for CDS involve further de-risking studies including feasibility and advancing engineering, leading to an ultimate construction decision.