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 1,500 koz Au (8.9 Mt @ 5.38 g/t Au)
  • Measured and indicated resources (exclusive of reserves) of 400 koz Au (2.8 Mt @ 4.68 g/t Au)
  • Inferred resources of 300 koz Au (1.8 Mt @ 5.70 g/t Au)
Production:
  • 2021: 253 koz Au
  • 2022: 215 koz Au
  • 2023: 232 koz Au
  • 2024e: 270 koz Au

More details in the 2024 Asset Handbook

 

 
Éléonore, page 21
Source: Company disclosure and Osisko management estimates.

 

Royalty Map*

 

 

 

 

 

 

 

*Royalty and stream maps are provided for illustrative purposes only and shall not be deemed conclusive with respect to the relevant royalty or stream area.