Operator: Barrick Gold Corporation

Location: Ontario, Canada

Royalty: 0.97% NSR (all metals)

Term of Royalty: Life of Mine

Williams is an underground and open-pit gold mining operation, owned and operated by Barrick Gold Corporation (“Barrick”). Williams is located in northwestern Ontario, Canada, approximately 350 kilometers east of the city  of Thunder Bay. Williams is part of Barrick’s larger Hemlo operation.

The open-pit operation is a typical truck-and-loader/ hydraulic shovel operation. Underground stoping comprises longhole and Alimak mining methods.

The processing plant consists of crushing, grinding, cyanide leaching, carbon-in-pulp (CIP), carbon stripping and reactivation, electrowinning and refining. The mill has two parallel grinding circuits each consisting of a 6,000 tonne coarse ore bin, a semi-autogenous grinding (SAG) mill, and a ball mill that is operated in closed circuit with hydrocyclones.