Éléonore (Au)

Royalty and Terms: 2% to 3.5% sliding scale NSR royalty over the Éléonore Gold mine and surrounding property. The applicable royalty rate on gold production is equal to 2.0% on the first 3 Moz of gold produced and increases by 0.25% per million ounces produced thereafter. The royalty percentage is also subject to a 10% increase if the spot gold price is above US$500 per ounce up to a maximum royalty rate of 3.5%. The current royalty rate payable to Osisko is 2.2%.
Operator:  Visit Newmont for more information
Primary Commodity: Gold
Location: Baie-James, Québec
Reserves and Resources:
  • Proven and probable reserves of 1,570 koz Au (9.4 Mt @ 5.22 g/t Au)
  • Measured and indicated resources (exclusive of reserves) of 420 koz Au (2.5 Mt @ 5.23 g/t Au)
  • Inferred resources of 460 koz Au (2.6 Mt @ 5.45 g/t Au)
Production:
  • 2020: 208 koz Au
  • 2021: 247 koz Au
  • 2022: 217 koz Au
  • 2023e: 265 to 295 koz Au

Catalysts :

  • Potential for improved mining rates through productivity gains
  • Potential for near-mine exploration success at depth and along strike
  • Potential for regional exploration success

More details in the 2023 Asset Handbook

 

 
Éléonore, page 20
Source: Company disclosure and Osisko management estimates.