A World Class Streaming and Royalty Company
RGLD Nasdaq 89.67 +0.56 +0.63% Volume: 499,803 April 19, 2018
Current Gold Price 1343.10 -3.25 -0.24% Volume: April 20, 2018
cortez-pmc

Cortez

Nevada, United States

Royalty rate and type:

GSR1 and GSR2: 0.40% to 5.0% GSR sliding-scale
GSR3: 0.71% GSR
NVR1: 4.91% NVR
NVR1C: 4.52% NVR (gold)

Operator: Barrick

Cortez is a large surface mining operation located in northeastern Nevada, 80 miles southwest of Elko. Our interest at Cortez covers portions of the Pipeline, South Pipeline, Gap and Crossroads deposits.

  • CortezCortez
     
Reserves (December 31, 2016): 1
  • GSR1 – 0.671M oz. gold
  • GSR2 – 2.970M oz. gold
  • GSR3 – 0.946M oz. gold
  • NVR1 – 0.693M oz. gold
  • NVR1C – 2.695M oz. gold
Actual royalty production CY2016:
  • GSR1 – 67,000 oz. gold
  • GSR2 – 3,700 oz. gold
  • GSR3 – 70,700 oz. gold
  • NVR1 – 41,000 oz.  gold
  • NVR1C – 0 oz. gold
Operator production guidance CY2017: 
  • GSR1 – 102,200 oz. gold
  • GSR2 – 1,600 oz. gold
  • GSR3 – 103,800 oz. gold
  • NVR1 – 63,900 oz.  gold
  • NVR1C – 0 oz. gold

Footnotes:

cor
  1. At a gold price of $1,000 per ounce.

 

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