Copperwood (Cu, Ag)

Royalty and Terms: 1.5% NSR royalty on copper production and an 11.5% NSR royalty on silver production. At Osisko’s election, the silver royalty percentage may be increased to 100%.
Operator:  Visit Highland Copper for more information
Primary Commodity: Copper, Silver
Location: Michigan, USA
Reserves and Resources:
  • Proven and probable reserves of 372 kt Cu (26 Mt @ 1.45% Cu), 3,200 koz Ag (26 Mt @ 3.9 g/t Ag)
  • Measured and indicated resources (exclusive of reserves) of 437 kt Cu (29 Mt @ 1.53% Cu), 3,100 koz Ag (29 Mt @ 3.4 g/t Ag)
  • Inferred resources of 860 kt Cu (79 Mt @ 1.09% Cu), 9,000 koz Ag (79 Mt @ 3.5 g/t Ag)
Production:
  • 29 kt Cu (LOM Avg.)
  • 107 koz Ag (LOM Avg.)

More details in the 2024 Asset Handbook

 

 
Copperwood, page 43
Source: Company disclosure and Osisko management estimates.