Operator: Hochschild Mining plc
Location: Goiás, Brazil
Royalty: 2.75% NSR (all metals)
Term of Royalty: Life of Mine
Mara Rosa is an open-pit gold mine development project owned by Amarillo Mineração Do Brasil Ltda (“Amarillo”), a subsidiary of Hochschild Mining plc. (“Hochschild”), and is located in the State of Goiás, central Brazil, approximately 6 kilometers north of the town of Mara Rosa.
In April 2022, Hochschild acquired Amarillo and its flagship Mara Rosa project and immediately commenced project construction. Hochschild announced the Mara Rosa Project achieved first gold pour on February 20, 2024, and remains on schedule for commercial production towards the end of the second quarter of 2024.
Royal Gold owns a 2.75% net smelter return (NSR) royalty on all metals produced from the Mara Rosa Project.
Royal Gold acquired a 1.0% NSR royalty effective February 22, 2010, with the acquisition of International Royalty Corporation.
Royal Gold purchased an additional 1.75% NSR royalty on June 29, 2018, from Amarillo Gold Corp.