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Amulsar (Au, Ag)

Operator: Lydian
Primary Commodity: Gold
Location: Amulsar Mountain, Armenia
Reserves and Resources1:
  • P&P reserves of 2.6M oz Au, 12.7M oz Ag
  • M&I of 3.5M oz Au, 17.5M oz Ag and inferred of 1.3M oz Au, 7.6M oz Ag
Stream:
  • 4.22% Stream on Au and 62.5% on Ag
  • US$400/oz, US$4.00/oz Au and Ag transfer payment
  • 81.91% Au offtake representing ~0.9% effective NSR
Caps / Buy-Down Options:
  • 50% buy-down options on the stream in 2018 and 2019 for US$50M
  • Stream capped at 142k oz Au and 695k oz Ag (delivered)
  • Offtake capped at 2.1M oz less streamed gold
Production: Total mine: LOM Avg. production of 225k oz Au/year


Initial 10-year mine life with 2.6 million oz  gold reserves

  • Low-cost oxide project in construction
  • Fully-funded
  • Earthworks commenced in October 2016 and detailed engineering largely complete

 

Source: Company disclosure and Osisko management estimates.
(1) Inclusive of reserves