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Back River

Operator: B2Gold Corp.

Location: Nunavut, Canada

Royalty: 3.3% approx. blended GSR on Goose and 3.2-4.0% GSR on George (all metals)

Term of Royalty: Life of Mine


The Back River Gold District is located in western Nunavut, Canada, approximately 520 kilometers northeast of Yellowknife and 75 kilometers southwest of Bathurst Inlet. The Back River Gold District consists of an 80-kilometer belt with five mineral claim blocks comprising mining leases and claims covering approximately 580 square kilometers, and is owned by B2Gold Corp. (“B2Gold”). The known gold deposits at Back River include Umwelt, Llama and Goose (all on the Goose property), and the George deposit approximately 50 kilometers to the northwest of the Goose property.

The Goose Project is a combined open-pit and underground operation. All planned construction activities in 2024 were completed and project construction and development continue to progress on track for first gold pour in Q2 2025 followed by ramp-up to commercial production in Q3 2025.