Back Forty (Au, Ag)

Streams and terms:  18.5% Au, 85% Ag streams
Operator: Aquila Resources
Visit Aquila Resources for more info
Primary Commodity: Gold, zinc
Location: Upper Peninsula, Michigan, USA
Reserves and Resources:
  • Proven and probable reserve of 0.69 M oz Au and 8.13 M oz Ag (11.65 million tonnes grading 1.85 g/t Au, 21.7 g/t Ag)
  • Measured and indicated resources of 1.03 M oz Au and 13.2 M oz Ag (16.6 million tonnes grading 1.92 g/t Au, 24.55 g/t Ag)
  • Infered resources of 0.1 M oz Au and 1.6 M oz Ag (1.1 million tonnes grading 3.42 g/t Au, 43.2 g/t Ag)
Status: In development
Production: Total Mine: 16-year LOM payable production of 532k oz Au and 4.6M oz Ag

High grade polymetallic asset in Michigan nearly permitted

  • Feasibility study completed August 2020
  • Main deposit open at depth
  • Potential to extend mine life and enhance project economics
  • Benefit from infrastructure advantage
  • Attractive consolidation target in base metals space
Source: Company disclosure and Osisko management estimates.