Operator: Teck Resources Ltd.

Location: Region III, Chile

Royalty: 1.4% NSR (all metals)

Term of Royalty: Life of Mine

NuevaUnión is a 50/50 joint venture between Teck Resources Ltd. and Newmont Corporation located in Region III of Chile, and consists of their respective Relincho and La Fortuna projects (located approximately 40 kilometers apart). Royal Gold’s royalty interest only covers a portion of the La Fortuna area, which has two known separate zones of porphyry-style copper-gold mineralization. These include La Fortuna and El Negro. 

NuevaUnión is one of the largest undeveloped copper-gold projects in the Americas. A Prefeasibility Study (PFS) on the NuevaUnión project was completed in early 2018. The Relincho and La Fortuna deposits are envisioned to be bulk open-pit mining operations.

Work in 2023 focused on establishing a cost-effective path forward for the development of this world-class resource in a manner acceptable to communities of interest, key stakeholders and the regulator.