Taparko is an open-pit gold operation owned and operated by Societe des Mines de Taparko, which is 90% owned by Nord Gold N.V. and 10% owned by the Government of Burkina Faso. Taparko is located in the Namantenga Province of Burkina Faso, approximately 200 kilometers northeast of the capital city of Ouagadougou.
Taparko was the first gold mine built in Burkina Faso and production started in July 2007.
Taparko consists of multiple open-pit operations with all the mining and milling facilities located on the main Taparko site. The Taparko processing plant consists of conventional crushing, grinding and carbon-in-leach (CIL) circuits which recover gold for the production of doré.
Royal Gold holds a 2.0% gross smelter return (GSR) royalty that applies to gold production from defined portions of the Taparko/Bouroum project area. Additionally, Royal Gold holds a 0.75% GSR milling royalty that applies to ore mined outside of the Taparko-Bouroum project area that is processed through the Taparko facility up to a maximum of 1.1 million tons per year.
Royal Gold acquired its royalty interests on December 1, 2005, when Royal Gold entered into a funding agreement with Societe des Mines de Taparko to provide a total of $35 million for the construction and development of the Taparko open-pit gold project in exchange for two concurrent production payments, the 2.0% GSR tail royalty and the 0.75% GSR milling royalty.