Operator: IAMGOLD Corporation
Location: Ontario, Canada
Royalty: 1.0% NSR (all metals)
Term of Royalty: Life of Mine
The Côté Gold mine is an open-pit mine owned by a joint venture between IAMGOLD Corporation (“IAMGOLD”) and Sumitomo Metal Mining Co. The mine is operated by a wholly owned subsidiary of IAMGOLD. The mine is located in the Chester and Yeo Townships, in the District of Sudbury in northeastern Ontario, approximately 125 kilometers southwest of Timmins and 175 kilometers north of Sudbury.
Côté Gold completed its first gold pour on March 31, 2024. The mine is a conventional, open-pit truck and loader operation. The process circuit includes primary crushing, secondary crushing, high pressure grinding rolls (HPGR), ball milling, vertical milling, gravity concentration and cyanide leaching, followed by gold recovery by carbon-in-pulp (CIP), stripping and electrowinning (EW).
Royal Gold holds a 1.0% net smelter return (NSR) royalty on all metals produced from the Chester 3 mining claims, which Royal Gold estimates to contain approximately 70% of the current reserves of the Côté Gold Project, as well as other areas outside of the current project area. Royal Gold's royalty interest does not include the Gosselin deposit.
Royal Gold acquired this royalty interest on June 7, 2021, from a third party.