Island Gold (Au)

Royalty and Terms:  1.38-3% net smelter return (NSR) royalty
Operator: Visit  Alamos Gold for more information
Primary Commodity: Gold
Location: Dubreuilville, Ontario
Reserves and Resources:
  • Proven and probable reserves of 1,464 koz Au (4.2 Mt @ 10.78 g/t Au)
  • Measured and indicated resources (exclusive of reserves) of 291 koz Au (1.3 Mt @ 7.09 g/t Au)
  • Inferred resources of 3,529 koz Au (8.1 Mt @ 13.61 g/t Au)
Production:
  • 2020: 139 koz Au
  • 2021: 141 koz Au
  • 2022: 134 koz Au
  • 2023e: 120 to 135 koz Au

Catalysts:

  • Possibility for mining to transition to areas covered by a higher Osisko royalty interest applied sooner in the mine life due to the location of the best drill intersections
  • Milled grades expected to increase starting in 2024, driving production higher
  • Production rate expansion from 1,200 tpd to 2,400 tpd (from 2026 onward)

More details in the 2023 Asset Handbook

 

 
Island Gold, page 23
Source: Company disclosure and Osisko management estimates.