Relief Canyon encompasses an open-pit mine and heap leach processing facility, owned by Americas Gold and Silver Corporation (American Gold and Silver). Relief Canyon is located at the southwestern flank of the Humboldt Range in Pershing County, Nevada, approximately 25 kilometers east-northeast of Lovelock and 160 kilometers northeast of Reno.
Americas Gold and Silver is currently permitted to begin mining and processing at Relief Canyon under the existing Plan of Operations.
Americas Gold and Silver's landholdings cover approximately 25,000 acres that include the Relief Canyon Mine asset and lands surrounding the mine in all directions. This land package provides Americas Gold and Silver with the opportunity to expand the Relief Canyon deposit and to explore and make new discoveries on nearby lands.
The existing gold recovery plant has the capacity to handle 3,000 gallons per minute of gold bearing solution. The leach pad is permitted to hold 21 million tons and can be readily expanded. A crushing and conveying system will be constructed to allow ore placement of over 6 million tons per year.
Royal Gold holds a 2.0% net smelter return royalty on gold and silver from Relief Canyon. Royal Gold’s royalty interest covers approximately 69% of the resource footprint by area.
Royal Gold acquired its royalty interest on October 25, 2007 as part of the acquisition of Battle Mountain Gold Exploration Corporation.