Ermitaño (Au, Ag)

Royalty and Terms: 2% NSR royalty on the Ermitaño project and the Cumobabi property
Operator:  Visit First Majestic for more information
Primary Commodity: Gold, Silver
Location: Sonora State, Mexico
Reserves and Resources:
  • Proven and propable reserves of 400 koz AuEq (2.8 Mt @ 4.40 g/t AuEq)
  • Inferred Resources of 580 koz AuEq (5.1 Mt @ 3.55 g/t AuEq)
Production: Production

Catalysts:

  • Ramp-up to full production
  • Exploration over an extensive, largely untested property
  • Incorporation of additional veins adjacent to Ermitaño; such as the Luna vein with 2,455 g/t Ag over 3 meters
  • Regional exploration potential on broader Cumobabi property

More details in the 2022 Asset Handbook

 

 
Ermitaño, page 30
Source: Company disclosure and Osisko management estimates.