Operator: Barrick Mining Corporation
Location: Nevada, United States
Royalty: 1.8% NSR (all metals)
Term of Royalty: Life of Mine
Leeville is an underground gold mine in the Carlin Complex, held within the Barrick-operated Nevada Gold Mines LLC, a joint venture between Barrick Mining Corporation (“Barrick”) (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 refractory. Leeville ore is processed in the Carlin Complex roasters or autoclaves.
Royal Gold holds a 1.8% net smelter return (NSR) royalty on all metals produced from areas subject to our royalty interest at Leeville.
Royal Gold acquired the Leeville royalty in December 2002, through the acquisition of High Desert Mineral Resources.