A World Class Streaming and Royalty Company
RGLD Nasdaq 67.90 -0.96 -1.39% Volume: 156,409 March 28, 2017
Current Gold Price 1255.93 +0.88 +0.07% Volume: March 28, 2017
El-Morro

El Morro

Region III, Chile

Royalty rate and type: 1.4% NSR1
(gold and copper)
Operator: Goldcorp

El Morro is a large, copper-gold project located in the Atacama province in Chile, approximately 50 miles east of Vallenar.

  • El MorroEl Morro
     
Reserves (December 31, 2014):2,3
  • 2.674M oz. gold 
  • 1.959B lbs. copper
Estimated production start-up:4
  •  Not available

Footnotes:
  1. Goldcorp presently reports reserves attributable to its 70% interest in the El Morro project  which currently consists of the La Fortuna deposit.  La Fortuna is  the only deposit at the project with reported reserves.  Royal Gold estimates that its royalty covers approximately 30% of this deposit.
  2.  Reserve figures represent the estimated gold and copper reserves that are associated with Royal Gold's royalty interests rather than total reserves for the project. (See footnote #1.) Total reserves at the project are estimated to be 9.5 million ounces of gold and 7.0 billion pounds of copper.
  3. At a gold price of $1,300 per ounce and at a copper price of $3.00 per pound.        
  4. Goldcorp indicated that the project field construction activities have been suspended since April 2012 pending the definition and implementation by the Chilean environmental permitting authority of a community consultation process which corrects certain deficiencies in that process as specifically identified by the Antofagasta Court of Appeals.        
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