GOLD  $US/OZ $ NYSE:OR  $ TSX:OR    $      

Matilda (Au)


Offtake 55% Au offtake
Effective NSR (%) 1.8%
Operator: Blackham Resources
Visit Blackham Resources for more info
Location: Australia
Quotational Period (Business Days) 12
Status Production

Description of the Project

Producing asset with expansion plans underway


  • Producer agrees to sell a predetermined portion of future gold production from its mine to Buyer
  • Buyer receives the predetermined portion of production in the form of gold credits (i.e. no physical delivery) and agrees to pay the Producer for the quantity of gold received
  • Buyer is entitled to select its purchase price based on any LBMA AM or PM Fixing Price or the Comex (1st Position) Settlement Price during a specific time frame (the “Quotational Period”)
  • The Quotational Period typically commences prior to the Delivery Date and ends subsequent to the Delivery Date
  • The spread between the Buyer’s purchase price and the price the Buyer eventually sells the gold at is kept by the Buyer as profit
    • Offtake effectively acts as a royalty whereby the buyer receives percentage of the total revenue