A World Class Streaming and Royalty Company



Interest: 80% payable silver1
Operator: Cupric Canyon Capital LP

Khoemacau is a copper-silver project located in a sparsely populated region of northwestern Botswana in the Kalahari Desert, approximately 560 miles northwest of the Botswana capital Gaborone and approximately 56 miles from Maun.

  • Khoemacau Khoemacau
Reserves (April 17, 2018):2
  • 19.011M oz. silver
Estimated production start-up: 
  • Second Half of Calendar 2021


  1. This is a metal stream whereby Royal Gold is entitled to 80% of payable silver. At Cupric’s option and subject to various conditions, Royal Gold will have the option to purchase up to an additional 20% of the payable silver. The stream rate will drop by 50% upon the delivery of 32 million ounces of silver at the 80% stream level, and 40 million ounces of silver at the 100% stream level if the option is fully exercised. The purchase price is 20% of the spot price of silver.
  2. Reserves were calculated by the operator at a price of $15.00 per ounce.