Gold Hill is an open-pit mine, owned and operated by Kinross Gold Corporation. The Gold Hill deposit is located 5 kilometers north of the Round Mountain pit, and is part of the overall Round Mountain operation, located in northern Nye County, Nevada. Operated as a satellite-mine to Round Mountain, Gold Hill has a separate run-of-mine leach pad which began operations in 2012.
Royal Gold holds a sliding-scale net smelter return (NSR) royalty on Gold Hill with a rate of 1.0% at a gold price of $350 per ounce or lower, and 2.0% at a gold price above $350 per ounce. The sliding-scale NSR royalty is capped at $10.0 million. As of March 31, 2020, total royalty payments of approximately $6.3 million have been received.
Additionally, Royal Gold holds a sliding-scale NSR royalty that applies to the M-ACE claims, as follows:
- 0.6% royalty rate for a gold price below $300/oz
- 0.7% royalty rate for a gold price above$300/oz and up to $350/oz
- 0.8% royalty rate for a gold price above $350/oz and up to $400/oz
- 0.9% royalty rate for a gold price above $400/oz
Royal Gold acquired the 1.0% to 2.0% sliding-scale NSR royalty at Gold Hill effective December 7, 2006, from Nevada Star Resources Corporation.
Royal Gold acquired the 0.6% to 0.9% sliding-scale NSR royalty over the M-ACE claims effective February 22, 2010, with the acquisition of International Royalty Corporation.
- Operator Website
- Technical Report
- Mine Tour Presentation
- ESG Information