A World Class Streaming and Royalty Company


Bosilovo, Macedonia

Interest: 25% payable gold1,2
Operator: Euromax Resources

The Ilovica Project is a surface copper-gold porphyry development project located in southeast Macedonia, within the municipality of Bosilovo, approximately 9 miles west of the Bulgarian border and approximately 12 miles east of the town of Strumica.

  • Pinson Mine Tour Jan 2012Ilovica Project

Reserves (February 16, 2016):3

  • 2.010M oz. gold

Estimated production start-up:

  • 2018


  1. This is a metal stream whereby Royal Gold is entitled to 25% payable gold until 525,000 ounces of payable gold have been delivered; 12.5% thereafter.
  2. This is a metal stream whereby the purchase price for gold ounces delivered is 25% of the London PM gold fix price as quoted in United States dollars per ounce by the LBMA on the Date of Delivery.
  3. At a gold price of $1,200 per ounce.