Operator: i-80 Gold Corp.
Location: Nevada, United States
Royalty: 3.0% NSR (all metals)
Term of Royalty: Life of Mine
Ruby Hill is an open-pit and underground operation, owned and operated by i-80 Gold Corp. (“i-80 Gold”). Ruby Hill is located in Eureka County, Nevada, approximately 2 kilometers northwest of the town of Eureka, along the southeastern end of the Battle Mountain-Eureka gold trend.
Ruby Hill includes the high-grade Archimedes underground project, the Mineral Point open-pit heap leach project, as well as several base metal deposits. Processing infrastructure at Ruby Hill includes a primary crushing plant, grinding mill, leach pad, and carbon-in-column circuit. Mining activity at the Archimedes pit is complete and Royal Gold is currently receiving revenue from residual heap leach recovery operations.
Royal Gold holds a 3.0% net smelter return (NSR) royalty on all metals produced from the Ruby Hill mine.
Royal Gold acquired its royalty interest on the Ruby Hill mine on May 23, 2012, from International Minerals Corporation.