White Pine (Ag, Cu)

Royalty and Terms: 1.5% NSR royalty on copper production, and an 11.5% NSR royalty on silver production at both Highland Copper’s Copperwood and White Pine projects. At Osisko’s election, the silver royalty percentage may be increased to 100% on Copperwood and White Pine for a payment of US$23 million.
Operator:  Visit Highland Copper for more information
Primary Commodity: Copper, Gold
Location: Michigan, USA
Reserves and Resources:
  • Measured and indicated resources (exclusive of reserves) of 3.2 Blbs Cu (133.4 Mt @ 1.07% Cu, 14.9 g/t Ag)
  • Inferred resources of 2.2 Blbs Cu (97.2 Mt @ 1.03% Cu, 8.7 g/t Ag)
Production:
  • LOM Avg.: 89 Mlbs Cu

Catalysts:

  • Possible development and processing synergies with Copperwood
  • Potential benefits from continuous mining technology
  • Advancing of permitting process

More details in the 2022 Asset Handbook

 

 
White Pine, page 60
Source: Company disclosure and Osisko management estimates.