Mara Rosa

Operator: Hochschild Mining plc

Location: Goiás, Brazil

Royalty: 2.75% NSR (all metals)

Term of Royalty: Life of Mine

Mara Rosa is an open-pit gold mine development project owned by Amarillo Mineração Do Brasil Ltda (“Amarillo”), a subsidiary of Hochschild Mining plc. (“Hochschild”), and is located in the State of Goiás, central Brazil, approximately 6 kilometers north of the town of Mara Rosa.

In April 2022, Hochschild acquired Amarillo and its flagship Mara Rosa project and immediately commenced project construction. Hochschild announced the Mara Rosa Project achieved first gold pour on February 20, 2024, and remains on schedule for commercial production towards the end of the second quarter of 2024.