Operator: Kinross Gold Corporation
Location: Nevada, United States
Term of Royalty: Life of Mine
Gold Hill is an open-pit mine, owned and operated by Kinross Gold Corporation (“Kinross”). The Gold Hill deposit is located 5 kilometers north of the Round Mountain pit and is part of the overall Round Mountain operation located in northern Nye County, Nevada.
Gold Hill is operated independently of the Round Mountain pit. Conventional open-pit mining methods are used and the ore consists of oxide material that is placed directly on a dedicated heap leach pad adjacent to the pit.
Royal Gold holds a 0.6% to 0.9% sliding-scale NSR royalty on all metals produced from the M-ACE claims. The royalty is based on a sliding scale, which caps at 0.9% at gold prices above $400 per ounce.
Royal Gold acquired the 0.6% to 0.9% sliding-scale NSR royalty over the M-ACE claims effective February 22, 2010, with the acquisition of International Royalty Corporation.