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Exploration Properties
Yamana Gold, Inc. retained ownership of its properties located in the eastern part of the Santa Cruz Province, Argentina, which are not currently under production. We own a 2% NSR royalty on these properties.
Royal Gold owns a 2.50% NSR royalty on the BSC property, which was acquired in the High Desert acquisition. The BSC property is located in Elko County, Nevada, and operated by Nevada Pacific Gold.
The Buckhorn South project is located in Eureka County, Nevada, and consists of 265 unpatented mining claims. Approximately half of these claims are leased. The Company has a 14% net profits interest royalty on the leased claims, offset by third party royalties equal to a 4% NSR royalty. This project is operated by the Cortez Joint Venture.
 Reverse circulation drill rig
Royal Gold owns a 50% interest in Greek American Exploration Ltd., a Bulgarian private limited company that has agreements with the Bulgarian Committee of Geology and Mineral Resources to conduct geological research and exploration on various licenses in Bulgaria.
Royal Gold obtained a 1.50% royalty interest on net revenues derived from the Ferris/Cooks Creek property, located in Lander County, Nevada, and operated by Placer Dome.
The Company owns:
The Horse Mountain property is located in Lander County, Nevada, and operated by Placer Dome. The Company has a royalty interest of 0.25% at this property.
We own a 1.0% NSR royalty on the Long Valley gold project in eastern California. The project is controlled and under evaluation by Vista Gold Corporation.
The Company owns a 5.0% NSR royalty on a portion of the Mule Canyon property located in Lander County, Nevada. This property is operated by Newmont Mining Corporation.
Through a newly formed wholly-owned subsidiary, RG Russia, Inc., we entered into an agreement for exploration in Russia with a subsidiary of Phelps Dodge. If exploration is successful and a license to mine is secured, and upon completion of funding, we will have a 1% NSR royalty.
Royal Gold owns a 0.5% NSR royalty on the Rye property, which was acquired in the High Desert acquisition. The Rye property is located in Pershing County, Nevada, and is operated by Barrick Gold Corporation.
Royal Gold owns a 1.0% NSR royalty on the Simon Creek property, which was acquired in the High Desert acquisition. The Simon Creek property is located in Eureka County, Nevada, and operated by Barrick Gold Corporation.
On July 27, 2004, we acquired 31 unpatented mining claims from Quicksilver Phenomenon, LLC on lands located southeast of the Cortez Joint Venture area, Eureka County, Nevada. |
