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, heap leach gold mine, 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 is an open-pit mine with primarily oxide material. Ore processing includes on-site gold recovery by zero discharge heap leach and carbon column facilities. 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.