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Lamaque Sud (Au)

Royalty and terms: 1.7% net smelter return (NSR)

Net amount of royalty reflecting the 1% NSR buyout option for $2 million and the 0.15% participation of Osisko Gold Royalties’ financial partners.
Operator:  Eldorado Gold

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Primary Commodity: Gold
Location: Quebec, Canada
Reserves and resources: Triangle Zone

  • Proven and Probable reserve of 953,000 ounces Au (4.08 million tonnes grading 7.25 g/t Au)
  • Measured and indicated resources of 1.3 million ounces (5.07 million tonnes grading 8.30 g/t Au)
  • Infered resources of 1.83 million ounces (8.39 million tonnes grading 6.78 g/t Au)
Status: In production


Details

  • Lamaque is an underground gold mine in Val-d’Or, Quebec.
  • Average annual gold production: 117 k oz2
  • Mine life: 7 years
(2) See Pre-Feasibility 43-101 Technical Report dated March 29, 2018, the results of which are highlighted in the Technical Studies Eldorado Gold Press Release dated March 21, 2018.
Source: Company disclosure and Osisko management estimates.