Operator: Agnico Eagle Mines Limited
Location: Quebec, Canada
Royalty: 0.5-0.75% (Marban Alliance claims) and 1.0-1.5% (Horizon claims) sliding-scale NSR (gold only)
Term of Royalty: Life of Mine
Marban is an open-pit development project owned and operated by Agnico Eagle Mines Limited (“Agnico”). Agnico acquired Marban throug the acquisition of O3 Mining Inc. ("O3") on March 18, 2025. The Marban property is located in the western portion of the province of Quebec, Canada, approximately 15 kilometers northwest of Val-d’Or. The property lies at the junction of Dubuisson, Fournière, Malartic and Vassan townships.
The Marban property is divided into two projects: Marban Alliance, the southeast portion of the property; and Horizon, which is broader and includes all the north and west parts of the Marban property. Royal Gold’s royalty covers only a portion of the Marban Alliance and Horizon properties but includes the Marban open-pit target, which is the subject of the current technical studies.
Royal Gold holds a 0.5% to 0.75% sliding-scale net smelter return (NSR) royalty on gold produced from certain claims included in the Marban Alliance property, and a 1.0% to 1.5% sliding-scale NSR royalty on gold produced from certain claims in the Horizon property. At a gold price below $350 per ounce, the royalty rate is 0.5% for the Marban Alliance and 1.0% for Horizon, which increases to 0.75% for the Marban Alliance and 1.5% for Horizon at a gold price equal to or above $350 per ounce.
Royal Gold acquired this royalty as part of its acquisition of a royalty portfolio from Barrick Gold Corporation on July 31, 2008.