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White Pine North – Copperwood (Ag, Cu)

Royalty and terms: 3% sliding-scale net smelter return (NSR)
Base rate 3% NSR and increases by 0.01% NSR for every $0.01 increase in the copper price above $3.00 per pound.
Option to purchase a 100% silver NSR royalty for future cash consideration of US$26 million on White Pine North and Copperwood projects
Operator:  Highland Copper
Visit Highland Copper for more info
Primary Commodity: Silver (Ag), Copper (Cu)
Location: Michigan, USA
Reserves and resources: Copperwood Project

  • Proven and Probable Reserves of 801.8 M lbs of copper and 3.1 M oz of silver (25.4 M tonnes grading 1.43% Cu and 3.83 g/t Ag)
  • Infered resources of 1.3 B lbs of copper and 5.5 M oz of silver (49.9 M tonnes grading 1.15 % Cu and 3.42 g/t Ag) – using a 1% Cu cut-off
Status: Initial copper production expected in early 2021
  • Source: Company disclosure and Osisko management estimates.