A World Class Streaming and Royalty Company
RGLD Nasdaq 89.54 -0.77 -0.85% Volume: 308,231 September 21, 2017
Current Gold Price 1291.94 -9.84 -0.76% Volume: September 21, 2017

Rainy River

Ontario, Canada

Interest: 6.5% payable gold1,2
60% payable silver1,2
Operator: New Gold

The Rainy River Project is a surface and underground mine and mill development project centered within the Richardson Township in northwestern Ontario, approximately 100 miles south of Kenora and 260 miles west of Thunder Bay.

  • Rainy River MineRainy River Mine
Reserves (December 31, 2014): 3
  • 3.772M oz. gold
  • 9.410M oz. silver

Estimated production start-up:

  • Mid-2017 (open pit)


  1. This is a metal stream whereby Royal Gold is entitled to 6.5% of the gold produced until 230,000 ounces have been delivered, 3.25% thereafter; and 60% of the silver produced until 3.1 million ounces have been delivered, 30% thereafter.
  2. This is a metal stream whereby the purchase price for gold or silver ounces delivered is 25% of the spot price per ounce of gold or silver.
  3. At a gold price of $1,200 per ounce and a silver price of $18.00 per ounce.