Dolores

Chihuahua, Mexico

Royalty rate and type:	3.25% NSR (gold only) 2.0% NSR (silver)
Operator:	Pan American Silver

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Royalty Disclaimers

The Dolores mine is a surface gold and silver mine located in northern Mexico, in the State of Chihuahua, approximately 155 miles west of the city of Chihuahua.

Dolores Mine

Reserves (December 31, 2016):¹

1.507M oz. gold
54.000M oz. silver

Actual royalty production CY2016:

98,600 oz. gold
3.84M oz. silver

Footnotes:

At a gold price of $1,300 per ounce and a silver price of $18.50 per ounce.

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