Goldstrike is an open-pit and underground operation, owned and operated by Nevada Gold Mines LLC, a joint venture between Barrick Gold Corporation (61.5%) and Newmont Corporation (38.5%). Goldstrike is located within the northern Carlin Trend in Eureka and Elko Counties, Nevada, approximately 50 kilometers northwest of the town of Elko.
The Carlin Trend is an alignment of gold mines located in a northwest-southeast belt extending 8 kilometers wide and 65 kilometers long, which accounts for more gold production than any other mining district in the United States.
The Goldstrike complex includes the large-scale Betze-Post open-pit mine and the Meikle and Rodeo underground mines. The Goldstrike complex has two separate processing facilities including a roaster and an autoclave, each capable of treating single or double refractory ore, and recovered gold is produced in the form of doré.
Royal Gold owns a 0.9% net smelter return royalty on the SJ Claims, which covers part of the Betze-Post pit at the Goldstrike mine.
Royal Gold acquired the Goldstrike royalty in December 2002, through the acquisition of High Desert Mineral Resources.
*Detailed information on our interest can be found on the Portfolio Asset Summary table