Portfolio At A Glance

Royal Gold owns a large portfolio of producing, development, evaluation and exploration stage streams and royalties on properties located in some of the world’s most prolific gold regions and operated by some of the most well-known companies in the mining industry. With this high-quality portfolio that spans the development cycle for mining projects, Royal Gold maintains upside potential through exploration success by the operators and generally benefits when new reserves are discovered and produced.

Allan
Saskatchewan, Canada
Andacollo
Region IV, Chile
Back River
Nunavut, Canada
Balcooma
Queensland, Australia
Bald Mountain
Nevada, United States
Bateman Gold
Ontario, Canada
Bellevue
Western Australia, Australia
Borax
Saskatchewan, Canada
Canadian Malartic
Quebec, Canada
Castelo De Sonhos
Pará State, Brazil
Cortez
Nevada, United States
Côté Gold Project
Ontario, Canada
Dolores
Chihuahua, Mexico
Don Mario
Chiquitos, Bolivia
Don Nicolas
Santa Cruz, Argentina
El Limon
El Limon, Nicaragua
Gold Hill
Nevada, United States
Goldstrike
Nevada, United States
Granite Creek
Nevada, United States
Gwalia Deeps
Western Australia, Australia
Hasbrouck Mountain
Nevada, United States
Ilovica
Bosilovo, Macedonia
Inata
Burkina Faso, West Africa
Johnson Camp
Arizona, United States
Khoemacau
Botswana
King of the Hills
Western Australia, Australia
Kutcho Creek
British Columbia, Canada
La Fortuna
Region III, Chile
La India
Leon, Nicaragua
LaRonde Zone 5
Quebec, Canada
Las Cruces
Andalucía, Spain
Leeville
Nevada, United States
Mara Rosa
Goiás, Brazil
Marigold
Nevada, United States
Meekatharra
Western Australia, Australia
Mount Milligan
British Columbia, Canada
Mt Goode Cosmos
Western Australia, Australia
Peñasquito
Zacatecas, Mexico
Pine Cove
Newfoundland, Canada
Prestea and Bogoso
Western Region, Ghana
Pueblo Viejo
Sanchez Ramirez, Dominican Republic
Rainy River
Ontario, Canada
Rambler North
Newfoundland & Labrador, Canada
Red Chris
British Columbia, Canada
Relief Canyon
Nevada, United States
Robinson
Nevada, United States
Ruby Hill
Nevada, United States
Skyline
Utah, United States
South Laverton
Western Australia, Australia
Southern Cross
Western Australia, Australia
Twin Creeks
Nevada, United States
Voisey's Bay
Labrador, Canada
Wassa
Western Region, Ghana
Wembley Durack
Western Australia, Australia
Wharf
South Dakota, United States
Williams
Ontario, Canada
Xavantina
Mato Grosso State, Brazil

We categorize our portfolio according to periodic reviews of our estimates of the potential revenue contribution and stage of development for each individual property, as follows:

  • Our Principal Properties are generally in production and are the most significant contributors of revenue to our portfolio.

  • Our Producing Properties are generally in production and contribute revenue to our portfolio.

  • Our Development Properties generally do not produce revenue and activity is underway by the operator to develop the properties towards production status.

  • Our Evaluation and Exploration stage properties do not produce revenue and activity may or may not be underway by the operator to advance the property towards development status.

Portfolio properties periodically move from one category to another depending on factors such as exploration success or depletion of reserves.

The Portfolio Asset Summary table (“Table") does not include all revenue generating properties in which Royal Gold has an interest. Inclusion of properties in the Table is determined on an annual basis at the end of each calendar year, except that properties acquired may be added and properties disposed of may be removed following the applicable transaction. Generally, properties contributing at least $2 million of revenues per year are included in the Table.

General footnotes:

  1. Set forth below are the definitions of mineral resources and mineral reserves used by U.S. Securities and Exchange Commission under Regulation S-K Item 1300 (“SK 1300”).

Mineral resource is a concentration or occurrence of material of economic interest in or on the Earth's crust in such form, grade or quality, and quantity that there are reasonable prospects for economic extraction. A mineral resource is a reasonable estimate of mineralization, taking into account relevant factors such as cut-off grade, likely mining dimensions, location or continuity, that, with the assumed and justifiable technical and economic conditions, is likely to, in whole or in part, become economically extractable.

  • Measured mineral resource is that part of a mineral resource for which quantity and grade or quality are estimated on the basis of conclusive geological evidence and sampling. The level of geological certainty associated with a measured mineral resource is sufficient to allow a qualified person to apply modifying factors, as defined in this section, in sufficient detail to support detailed mine planning and final evaluation of the economic viability of the deposit. Because a measured mineral resource has a higher level of confidence than the level of confidence of either an indicated mineral resource or an inferred mineral resource, a measured mineral resource may be converted to a proven mineral reserve or to a probable mineral reserve.
  • Indicated mineral resource is that part of a mineral resource for which quantity and grade or quality are estimated on the basis of adequate geological evidence and sampling. The level of geological certainty associated with an indicated mineral resource is sufficient to allow a qualified person to apply modifying factors in sufficient detail to support mine planning and evaluation of the economic viability of the deposit. Because an indicated mineral resource has a lower level of confidence than the level of confidence of a measured mineral resource, an indicated mineral resource may only be converted to a probable mineral reserve.
  • Inferred mineral resource is that part of a mineral resource for which quantity and grade or quality are estimated on the basis of limited geological evidence and sampling. The level of geological uncertainty associated with an inferred mineral resource is too high to apply relevant technical and economic factors likely to influence the prospects of economic extraction in a manner useful for evaluation of economic viability. Because an inferred mineral resource has the lowest level of geological confidence of all mineral resources, which prevents the application of the modifying factors in a manner useful for evaluation of economic viability, an inferred mineral resource may not be considered when assessing the economic viability of a mining project, and may not be converted to a mineral reserve.

Mineral reserve is an estimate of tonnage and grade or quality of indicated and measured mineral resources that, in the opinion of the qualified person, can be the basis of an economically viable project. More specifically, it is the economically mineable part of a measured or indicated mineral resource, which includes diluting materials and allowances for losses that may occur when the material is mined or extracted.

Mineral reserves are subdivided into two categories, in descending order of geological certainty:

  • Proven mineral reserve is the economically mineable part of a measured mineral resource and can only result from conversion of a measured mineral resource.
  • Probable mineral reserve is the economically mineable part of an indicated and, in some cases, a measured mineral resource.
  1. Royal Gold has disclosed a number of reserve estimates that are provided by operators that are foreign issuers and are not based on the U.S. Securities and Exchange Commission's definitions for proven and probable reserves. For Canadian issuers, definitions of "mineral reserve," "proven mineral reserve," and "probable mineral reserve" conform to the Canadian Institute of Mining, Metallurgy and Petroleum definitions of these terms as of the effective date of estimation as required by National Instrument 43-101 of the Canadian Securities Administrators. For Australian issuers, definitions of "mineral reserve," "proven mineral reserve", and "probable mineral reserve" conform with the Australasian Code for Reporting of Mineral Resources and Ore Reserves prepared by the Joint Ore Reserves Committee of the Australasian Institute of Mining and Metallurgy, Australian Institute of Geoscientists and Minerals Council of Australia, as amended ("JORC Code"). Royal Gold does not reconcile the reserve estimates provided by the operators with definitions of reserves used by the U.S. Securities and Exchange Commission.
  2. The reserves and resources reported are either estimates received from the various operators or are based on information provided to Royal Gold or are derived from publicly available information from the operators of the various properties including National Instrument 43-101 or JORC Code reports filed by operators. Royal Gold is not able to reconcile the reserve and resource estimates prepared in reliance on National Instrument 43-101 or JORC Code with definitions of the U.S. Securities and Exchange Commission.
  3. Mineral resources are tabulated in addition to (exclusive of) mineral reserves. Mineral resources which are not mineral reserves do not have demonstrated economic viability.
  4. “Contained ounces” or “contained pounds” do not take into account recovery losses in mining and processing.
  5. Refers to latest reserve and resource information available at date of Royal Gold's acquisition of stream/royalty interest. Includes that portion of reserves and resources to which Royal Gold’s royalty or stream interest applies.
  6. Expected mine life as disclosed by the operator, generally defined as the period of active mining of ore.
  7. Last production estimates received from the operators for calendar 2021.
  8. Actual production figures shown are from the operators and cover the period January 1, 2021 through December 31, 2021, unless otherwise noted in footnotes to this table.
  9. Production estimates received from the operators are for calendar 2022. There can be no assurance that production estimates received from the operators will be achieved. Please also refer to our cautionary language regarding forward-looking statements above, as well as the Risk Factors identified in Part I, Item 1A, of the Company’s 2021 Form 10-K for information regarding factors that could affect actual results.
  10. Reported production for stream interests relates to the Company’s actual metal sales, and for royalty interests relates to the amount of metal sales that are subject to the Company’s royalty interests for the stated period, as reported to the Company by operators of the mines.

Property specific footnotes:

A) Mount Milligan

At Date of Acquisition (Reserves and Resources):

  • As of October 23, 2009.
  • Reserves estimated using $1.60 per pound copper and $690 per ounce gold.
  • Resources estimated using $2.00 per pound copper and $800 per ounce gold.

Reserves/Resources (Most Recent):

  • Source: Centerra Gold technical report dated November 7, 2022.
  • Reserves estimated using $3.00 per pound copper and $1,250 per ounce gold.
  • Resources estimated using $3.50 per pound copper and $1,500 per ounce gold.

Mine Production:

  • The estimated and actual production figures shown for Mount Milligan are payable gold and copper in concentrate.

Expected Mine Life to Year:

  • Centerra Gold technical report effective date November 7, 2022 shows active mining ceases in 2032 and processing finishes in 2033.

B) Pueblo Viejo

At Date of Acquisition (Reserves and Resources):

  • Represents Barrick’s 60% interest.
  • As of December 31, 2014.
  • Reserves estimated using $1,100 per ounce gold and $17.00 per ounce silver.
  • Resources estimated using $1,400 per ounce gold. Price assumption for silver not available.

Reserves/Resources (Most Recent):

  • Source:Barrick Annual Report 2021
  • Represents Barrick’s 60% interest.
  • Reserves estimated using $1,200 per ounce gold and $16.50 per ounce silver.

Mine Production:

  • The estimated and actual production figures shown for Pueblo Viejo are payable gold in doré and represent Barrick’s 60% interest in Pueblo Viejo. Barrick did not provide estimated or actual silver production.

Expected Mine Life to Year:

  • April 8, 2022 Barrick press release states "beyond 2040" for mine life.

Reported Production:

  • The Pueblo Viejo silver stream is determined based on a fixed metallurgical recovery of 70% of silver in mill feed.If actual recovery rates fall below the contractual 70% recovery rate, ounces may be deferred with deferred ounces to be delivered in future periods as silver recovery allows.Refer to financials for further detail.

C) Andacollo

At Date of Acquisition (Reserves and Resources):

  • As of December 31, 2014. Stream deliveries commenced with concentrate production prior to this date (first concentrate ship bill of lading date was December 24, 2014).
  • Reserves estimated using $3.00 per pound copper and $1,200 per ounce gold.
  • Price assumptions for resources not available.

Reserves/Resources (Most Recent):

  • Source: Teck 2021 Annual Information Form
  • Reserves estimated using $3.00 per pound copper and $1,500 per ounce gold.
  • Resources estimated using $3.00 per pound copper and $1,500 per ounce gold.

Mine Production:

  • The estimated and actual production figures shown for Andacollo are contained gold in concentrate. Teck did not provide annual guidance for CY 2021.

Expected Mine Life to Year:

  • Teck 2021 Annual Information Form shows active mining ending in 2036.

D) Wassa

At Date of Acquisition (Reserves and Resources):

  • As of December 31, 2014.
  • Reserves estimated using $1,200 per ounce gold.
  • Resources estimated using $1,400 per ounce gold.

Reserves/Resources (Most Recent):

  • Source: Golden Star Resources NI 43 -101 technical report effective date December 31, 2020
  • Reserves estimated using $1,300 per ounce gold.
  • Resources estimated using $1,500 per ounce gold.

Mine Production:

  • The estimated and actual production figures shown for Wassa are payable gold in doré. Chifeng Jilong did not release actual production for CY 2021.

Expected Mine Life to Year:

  • Based on previous owner Golden Star Resources NI 43-101 technical report effective date December 31, 2020 shows 6 year mine life based upon stated reserves and 17 year mine life based upon anticipated conversion of resources to reserves.

Reported Production:

  • Note, prior to the separation of the Wassa and Prestea and Bogoso stream agreement, effective September 30, 2020, Prestea and Bogoso contributed 41,631 ounces of gold toward the 240,000 ounce delivery threshold which is in addition to the 92.9 koz cumulative production shown through end of December Q 2021.

E)Peñasquito

At Date of Acquisition (Reserves and Resources):

  • As of July 31, 2006.
  • Reserves estimated using $450 per ounce gold, $7.00 per ounce silver, $0.30 per pound lead, and $0.60 per pound zinc.
  • Resources estimated using $650 per ounce gold, $10.00 per ounce silver, $0.43 per pound lead, and $0.86 per pound zinc.

Reserves/Resources (Most Recent):

  • Source: Newmont Peñasquito Operations Technical Report Summary effective date December 31, 2021
  • Reserves estimated using $1,200 per ounce gold, $16.00 per ounce silver, $0.90 per pound lead, and $1.15 per pound zinc.
  • Resources estimated using $1,400 per ounce gold, $20.00 per ounce silver, $1.10 per pound lead, and $1.40 per pound zinc.

Mine Production:

  • The estimated and actual gold and silver production figures shown for Peñasquito are payable gold and silver in concentrate and doré. The estimated and actual lead and zinc production figures shown are payable lead and zinc in concentrate.

Expected Mine Life to Year:

  • Newmont Technical Report Summary effective date December 31, 2021 shows active mining and processing ending in 2031.

F) Cortez

At Date of Acquisition (Reserves and Resources):

  • Not available.

Reserves/Resources (Most Recent):

  • Cortez contains overlapping royalty positions. Reserves and resources for Cortez are tabulated herein based on the portions of the deposit to which the individual royalties apply.
  • Royal Gold controls additional royalties on Cortez which are not listed here as they are not generating revenue as of the date of this document.
  • Reserves estimated using $1,200 per ounce gold.
  • Resources estimated using $1,500 per ounce gold.

Mine Production:

  • NGM does not publicly release estimated and actual gold production figures for Cortez by our royalty breakdown.

Expected Mine Life to Year:

  • Barrick NI 43-101 Technical Report dated December 31, 2021 states open pit mining at Crossroads will end in 2026 while processing of stockpile refractory materials will extend into the future.

Reported Production:

  • NGM does not publicly release payable gold production figures for Cortez by our royalty breakdown.

G) Khoemacau

At Date of Acquisition (Reserves and Resources):

  • As of March 2018.
  • Reserves estimated using $2.50 per pound copper and $15.00 per ounce silver.
  • Resources estimated using $2.50 per pound copper and $15.00 per ounce silver.

Reserves/Resources (Most Recent):

  • Source: Khoemacau Zone 5 Mining Reserves Report June 2021
  • Reserves estimated using $3.40 per pound copper and $20.00 per ounce silver.
  • Resources estimated using $3.40 per pound copper and $20.00 per ounce silver.

Mine Production:

  • Silver production from Khoemacau is payable silver in concentrate.
  • KCM has not publicly released estimated and actual silver production figures for Khoemacau.

Expected Mine Life to Year:

  • KCM website states “22 year mine life”.

H) NX Gold

At Date of Acquisition (Reserves and Resources):

  • Reserves as of September 30, 2020.
  • Resources as of August 31, 2020.
  • Reserves estimated using $1,650 per ounce gold.
  • Resources estimated using $1,900 per ounce gold.

Reserves/Resources (Most Recent):

  • Source: Mineral Resource and MIneral Reserve Estimate of the NX Gold Mine, Nova Xavantina, effective date September 30, 2020
  • Reserves estimated using $1,650 per ounce gold.
  • Resources estimated using $1,900 per ounce gold.

Expected Mine Life to Year:

  • Ero Copper Annual Information Form for the year ended December 31, 2021 shows mining and processing ending in 2026.

I) Rainy River

At Date of Acquisition (Reserves and Resources):

  • As of December 31, 2014.
  • Reserves estimated using $1,200 per ounce gold and $18.00 per ounce silver.
  • Resources estimated using $1,300 per ounce gold and $20.00 per ounce silver.

Reserves/Resources (Most Recent):

  • Source:New Gold Annual Information Form for the year ended December 31, 2021
  • Reserves estimated using $1,400 per ounce gold and $18.00 per ounce silver.
  • Resources estimated using $1,500 per ounce gold and $20.00 per ounce silver.

Mine Production:

  • The estimated and actual production figures shown for Rainy River are produced gold and silver in doré.

Expected Mine Life to Year:

  • New Gold NI 43-101 technical report effective date March 28, 2022 states active mining and processing ends in 2031.

J) Prestea and Bogoso

At Date of Acquisition (Reserves and Resources):

  • As of December 31, 2014.
  • Reserves estimated using $1,200 per ounce gold.
  • Resources estimated using $1,400 per ounce gold.

Reserves/Resources (Most Recent):

  • Future Global Resources has not disclosed current resources and reserves

Mine Production:

  • Future Global Resources has not provided estimated and actual production figures.

Expected Mine Life to Year:

  • Future Global Resources has not provided guidance for mine life.

K) Voisey’s Bay

At Date of Acquisition (Reserves and Resources):

  • As of December 31, 2009.
  • Reserves estimated using approximately $11 per pound nickel, $2.90 per pound copper, and $22.70 per pound cobalt.
  • Information not available for resources.

Reserves/Resources (Most Recent):

  • Source: Vale Form 20-F for the fiscal year ended December 31, 2021
  • Reserves estimated using approximately $8.17 per pound nickel, $3.40 per pound copper, and $22.69 per pound cobalt.
  • Information not available for resources.

Mine Production:

  • Vale has not provided operator guidance for Voisey’s Bay.
  • Nickel production is leached from a poly-metallic concentrate and electrowon into nickel rounds.Copper production is leached from a poly-metallic concentrate and electrowon into copper cathodes and as payable copper in concentrate shipped to smelters.Vale does not currently report cobalt production separately for the Voisey’s Bay operation.

Expected Mine Life to Year:

  • Vale November 25, 2021 press release stated mining until at least 2035.

L) Robinson

At Date of Acquisition (Reserves and Resources):

  • As of December 31, 2004.
  • Reserves estimated for the Tripp-Veteran pit was based on $0.95 per pound copper and $350 per ounce gold, while reserves estimated for the Ruth Pit was based on $0.90 per pound copper and $300 per ounce gold.
  • Price assumptions for resources not available.

Reserves/Resources (Most Recent):

  • We are not able to disclose reserves for Robinson.

Mine Production:

  • KGHM has not provided operator guidance for Robinson.
  • Copper production is payable copper in concentrate.KGHM does not separately report gold production from Robinson.

Expected Mine Life to Year:

  • KGHM 2021 annual report shows 2028 as end of active mining at Robinson.

M) Canadian Malartic

At Date of Acquisition (Reserves and Resources):

  • Date of reserves not available.
  • Price assumptions for reserves not available.

Reserves/Resources (Most Recent):

  • Source:Non-public letter disclosure from CanadianMalarticPartnership
  • Reserves estimated using $1,250 per ounce gold.

Mine Production:

  • Agnico Eagle and Yamana do not provide public guidance or actual production for Canadian Malartic by our royalty interest.

Expected Mine Life to Year:

  • Agnico Eagle and Yamana have not reported a mine life associated with our royalty interest at Canadian Malartic.Currently, the majority of our royalty interest is contained within lower grade stockpiles used to supplement the plant throughput.

N) Dolores

At Date of Acquisition (Reserves and Resources):

  • Reserves as of September 7, 2006.
  • Reserves estimated using $400 per ounce gold and $7.00 per ounce silver.
  • Resources as of July 27, 2007.
  • Resources estimated using $300 per ounce gold and $5.00 per ounce silver.

Reserves/Resources (Most Recent):

  • Source: Pan American Silver News Release Aug. 10, 2022.
  • Reserves estimated using $1,350 per ounce gold and $18.00 per ounce silver.
  • Resources estimated using $1,600 per ounce gold and $20.00 per ounce silver.

Mine Production:

  • The estimated and actual gold and silver production figures shown for Dolores are payable gold and silver in doré.

Expected Mine Life to Year:

  • Pan American Silver technical report effective date June 30, 2022 states mining ends in 2024; no date provided for cessation of leaching of ore on the leach pads.

O) Marigold

At Date of Acquisition (Reserves and Resources):

  • Date of reserves not available.
  • Price assumptions for reserves not available.

Reserves/Resources (Most Recent):

  • Source:Non-public letter disclosure
  • Reserves estimated using $1,350 per ounce gold.
  • Resources estimated using $1,750 per ounce gold.

Mine Production:

  • SSR Mining does not provide public guidance or actual production for Marigold by our royalty interest.

Expected Mine Life to Year:

  • SSR Mining has not reported a mine life associated with our royalty interest at Marigold.

P) South Laverton

At Date of Acquisition (Reserves and Resources):

  • Date of reserves not available.
  • Price assumptions for reserves not available.

Reserves/Resources (Most Recent):

  • Reserves estimated using A$1,750 per ounce gold price.

Mine Production:

  • Northern Star Resources does not provide public guidance or actual production for South Laverton by our royalty interest.

Expected Mine Life to Year:

  • Northern Star Resources has not reported a mine life associated with our royalty interest at South Laverton.

Q) Gwalia Deep

At Date of Acquisition (Reserves and Resources):

  • Date of reserves not available.
  • Price assumptions for reserves not available.

Reserves/Resources (Most Recent):

  • Source: St. Barbara Quarterly Report Q4 June FY 2022
  • Reserves estimated using AUD$2,000 per ounce gold.
  • Price assumptions for resources not available.

Mine Production:

  • St. Barbara does not provide public guidance or actual production for Gwalia Deeps by our royalty interest.

Expected Mine Life to Year:

  • St. Barbara has not reported a mine life associated with our royalty interest at Gwalia Deeps.

R) Goldstrike (SJ Claims)

At Date of Acquisition (Reserves and Resources):

  • Date of reserves not available.
  • Price assumptions for reserves not available.

Reserves/Resources (Most Recent):

  • Source: Non-public letter disclosure
  • Reserves estimated using $1,200 per ounce gold.
  • Resources estimated using $1,500 per ounce gold.

Mine Production:

  • NGM does not provide public guidance or actual production for Goldstrike by our royalty interest.Currently, the majority of our royalty interest is contained within lower grade stockpiles used to supplement the plant throughput.

Expected Mine Life to Year:

  • NGM has not publicly reported a mine life associated with our royalty interest at Goldstrike.

S) Meekatharra

At Date of Acquisition (Reserves and Resources):

  • Date of reserves not available.
  • Price assumptions for reserves not available.

Reserves/Resources (Most Recent):

  • Reserves estimated using A$2,000 per ounce of gold.
  • Resources estimated using A$2,000 per ounce of gold.

Mine Production:

  • Westgold Resources does not provide public guidance or actual production for Meekatharra by our royalty interest.

Expected Mine Life to Year:

  • Westgold Resources has not reported a mine life associated with our royalty interest at Meekatharra.

T) Leeville

At Date of Acquisition (Reserves and Resources):

  • Date of reserves not available.
  • Price assumptions for reserves not available.

Reserves/Resources (Most Recent):

  • Source: Source:Non-public letter disclosure
  • Reserves estimated using $1,200 per ounce gold.
  • Resources estimated using $1,500 per ounce gold.

Mine Production:

  • NGM does not provide public guidance or actual production for Leeville by our royalty interest.

Expected Mine Life to Year:

  • NGM has not publicly reported a mine life associated with our royalty interest at Leeville.

U) Wharf

At Date of Acquisition (Reserves and Resources):

  • Date of reserves not available.
  • Price assumptions for reserves not available.

Reserves/Resources (Most Recent):

  • Reserves estimated using $1,400 per ounce gold.

Mine Production:

  • The estimated and actual gold production figures shown for Wharf are payable gold in doré.
  • Our royalty interest does not cover 100% of Wharf mined areas.

Expected Mine Life to Year:

  • Coeur Mining technical report effective date December 31, 2021 states mining completed in 2029 and processing and gold production continuing to 2030.

V) Red Chris

At Date of Acquisition (Reserves and Resources):

  • Date of reserves and resources was December 31, 2020
  • Reserves estimated using $1,300 per ounce gold, $3 per pound copper, $18 silver
  • Resources estimated using $1,400 per ounce gold, $3.40 per pound copper, $21 silver

Reserves/Resources (Most Recent):

  • Source: Newcrest Mining Annual Mineral Resources and Ore Reserves Statement 19 August 2022
  • Reserves estimated using $1,300 per ounce gold, $3 per pound copper, $18 silver, except for Red Chris Open pit, which uses $1,600 gold and $3.50 copper, $18 silver.
  • Resources estimated using $1,400 per ounce gold, $3.40 per pound copper, $21 silver, except for Red Chris Open pit, which uses $1,625 gold and $3.60 copper, $21 silver.

Mine Production:

  • The estimated and actual copper and gold production figures shown for Red Chris are payable copper and gold in concentrate.Metal volumes have been back-calculated to a 100% basis from Newcrest’s reported 70% ownership.
  • Figures shown are on a June ending fiscal year basis used by Newcrest Mining.

Expected Mine Life to Year:

  • Newcrest Mining and Imperial Metals NI 43-101 technical report effective date June 30, 2021 shows mining and ore processing ending in 2057.