Operator: Nevada Gold Mines LLC
Location: Nevada, United States
Royalty: 1.8% NSR (gold)
Term of Royalty: Life of Mine
Leeville is an underground gold mine and part of the Carlin Complex, owned and operated by Nevada Gold Mines LLC, a joint venture between Barrick Gold Corporation (61.5%) and Newmont Corporation (38.5%). Leeville is located in northeastern Nevada, approximately 15 kilometers northwest of the town of Carlin and 50 kilometers west-northwest of Elko.
Mining at Leeville started in 2005. Leeville utilizes two main mining methods for ore extraction, underhand drift-and-fill, and long-hole stoping. Gold mineralization in the Leeville complex is wholly-refractory. Leeville ore is processed at the Carlin Complex facilities which include roasters, autoclaves, and leach pads.
Royal Gold holds a 1.8% net smelter return royalty on gold produced from Leeville.
Royal Gold acquired the Leville royalty in December 2002, through the acquisition of High Desert Mineral Resources.
*Detailed information on our interest can be found on the Portfolio Asset Summary table