Operator: i-80 Gold Corp.
Location: Nevada, United States
Royalty: 3.0% NSR and 2.94% NSR (all metals)
Term of Royalty: Life of Mine
The Granite Creek (formerly Pinson) mine, formerly operated as an open-pit gold mining facility, is currently owned by Osgood Mining Company, LLC., a subsidiary of i-80 Gold Corp (“i-80”). Granite Creek is located in the Potosi Mining District in southeastern Humboldt County, Nevada, approximately 44 kilometers northeast of Winnemucca.
Granite Creek hosts both high grade open-pit and underground mineral resources and remains open at depth and along strike from the existing underground workings. The underground mine at Granite Creek is permitted and is in development with the goal of ramping up mining in 2024. i-80 is executing an extensive exploration and delineation drilling program targeting both the open-pit and underground mineralization and is working towards completing a Feasibility Study.
Royal Gold holds various royalties pursuant to two separate agreements, as more particularly described on the corresponding area of interest map.
Royal Gold acquired the Granite Creek royalties effective February 22, 2010, with the acquisition of International Royalty Corporation.