A World Class Streaming and Royalty Company
RGLD Nasdaq 71.33 -0.30 -0.42% Volume: 330,634 November 13, 2018
Current Gold Price 1204.35 +1.46 +0.12% Volume: November 13, 2018
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, 2017): 1
  • GSR1 – 0.737M oz. gold
  • GSR2 – 3.444M oz. gold
  • GSR3 – 1.008M oz. gold
  • NVR1 – 0.733M oz. gold
  • NVR1C – 3.173M oz. gold
Actual royalty production CY2017:
  • GSR1 – 81,800 oz. gold
  • GSR2 – 1,000 oz. gold
  • GSR3 – 82,800 oz. gold
  • NVR1 – 43,800 oz.  gold
  • NVR1C – 0 oz. gold
Operator production guidance CY2018: 
  • GSR1 – 48,300 oz. gold
  • GSR2 – 2,200 oz. gold
  • GSR3 – 50,500 oz. gold
  • NVR1 – 31,600 oz.  gold
  • NVR1C – 0 oz. gold

Footnotes:

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

 

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