Bald Mountain - Nevada
| Royalty: | 1- 4% NSR |
|---|---|
| 2009 Revenue: | $2.056 M |
| Operator: | Barrick Gold Corporation |
Franco-Nevada’s Bald Mountain royalties cover a portion of the approximately 150,000 acre Bald Mountain mine located in White Pine County, 90 miles northwest of Ely, Nevada. Operations began as two separate mines with different owners, initially producing gold in 1981 at Alligator Ridge on the east side of the district, and in 1986 at Bald Mountain on the west side of the district. The property was combined in 1993 by Placer Dome Inc. Historically, Bald Mountain has been operated from multiple small open pits, using multiple heap leach facilities. Barrick, the current operator, continues to explore the property and region.
The lands over which Franco-Nevada holds its royalty interests are primarily situated on the eastern portions of the property. They include approximately 18,160 acres that are subject to a 4% NSR on all gold and silver recovered from these claims, of which approximately 50% may be subject to a lower royalty rate until the payment cap is reached on royalties payable to other parties, and approximately 2,300 acres that are subject to a 2.418% NSR.
