Operator: Gunnison Mining Corp.
Location: Arizona, United States
Royalty: 2.5% NSR
Term of Royalty: Life of Mine
The Johnson Camp Mine (“JCM”) is owned by Gunnison Mining Corp. (“Gunnison”) and is located in a sparsely populated ranching and mining area about 105 kilometers by road east of Tucson, Arizona.
The JCM is a past producing open-pit, heap leach operation. The operation includes two open-pits, a two-stage crushing-agglomerating circuit, a solvent extraction and electrowinning (SX-EW) plant capable of producing 25 million pounds of copper cathode per year, a set of pregnant leach solution and raffinate ponds, and support infrastructure (ancillary facilities, access, power, water and communications).
Royal Gold holds a 2.5% net smelter return (NSR) royalty on all metals produced from Johnson Camp.
Royal Gold acquired the Johnson Camp 2.5% NSR royalty on February 22, 2010, with the acquisition of International Royalty Corporation.