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 1,820 koz (11.2 Mt @ 5.05 g/t)
  • Measured and indicated resources (exclusive of reserves) of 310 koz (2.0 Mt @ 4.88 g/t)
  • Inferred resources of 570 koz Au 650 koz (3.8 Mt @ 5.28 g/t)
  • 2020: 208 koz Au
  • 2021: 247 koz Au
  • 2022e: 275 koz Au

Catalysts :

  • Continued reserve replacement and increases
  • Potential for regional exploration success

More details in the 2022 Asset Handbook


Source: Company disclosure and Osisko management estimates.