A World Class Streaming and Royalty Company
RGLD Nasdaq 117.50 +4.08 +3.6% Volume: 4 July 18, 2019
Current Gold Price 1439.51 -6.84 -0.47% Volume: July 19, 2019
cortez-pmc

Cortez

Nevada, United States

Royalty rate and type:

GSR1 and GSR2: 0.40% to 5.0% GSR sliding-scale
GSR3: 0.71% GSR
NVR1: 4.91% NVR
NVR1C: 4.52% NVR (gold)

Operator: Barrick

Cortez is a large surface mining operation located in northeastern Nevada, 80 miles southwest of Elko. Our interest at Cortez covers portions of the Pipeline, South Pipeline, Gap and Crossroads deposits.

  • CortezCortez
     
Reserves (December 31, 2018): 1
  • GSR1 – 0.491M oz. gold
  • GSR2 – 3.445M oz. gold
  • GSR3 – 0.753M oz. gold
  • NVR1 – 0.531M oz. gold
  • NVR1C – 3.183M oz. gold
Actual royalty production CY2018:
  • GSR1 – 44,600 oz. gold
  • GSR2 – 5,200 oz. gold
  • GSR3 – 49,800 oz. gold
  • NVR1 – 36,600 oz.  gold
  • NVR1C – 0 oz. gold
Operator production guidance CY2019: 
  • GSR1 – 102,000 oz. gold
  • GSR2 – 98,000 oz. gold
  • GSR3 – 102,000 oz. gold
  • NVR1 – 168,200 oz.  gold
  • NVR1C – 0 oz. gold

Footnotes:

  1. At a gold price of $1,200 per ounce.

 

  |