A World Class Streaming and Royalty Company


Zacatecas, Mexico

Royalty: 2.0% NSR
(gold, silver, lead and zinc)
Operator: Newmont

Peñasquito is a surface mine hosting one of the world’s largest silver, gold, zinc and lead reserves. It is located in north central Mexico, in the state of Zacatecas, approximately 124 miles northeast of the city of Zacatecas and 15 miles south of Concepción del Oro.

  • Peñasquito Peñasquito Mine
Reserves (December 31, 2018): 1,2
  •   9.110M oz. gold (combined oxide and sulfide)
  •   527.580M oz. silver (combined oxide and sulfide)
  •   3.613B lbs. lead (sulfide only)
  •   7.995B lbs. zinc (sulfide only)
Actual royalty production CY2018: 
  •   274,500 oz. gold
  •   19.2M oz. silver
  •   118.5M lbs. lead
  •   309.0M lbs. zinc
Operator production guidance CY2019: 3        
  • 370,000 - 400,000 oz. gold
  • 240.0M - 290.0M lbs. lead
  • 390.0M - 450.0 lbs. zinc


  1. At a gold price of $1,200 per ounce, a silver price of $18.00 per ounce, a lead price of $0.95 per pound, and a zinc price of $1.15 per pound.
  2. Operator reports metal by material type. The sulfide material will be processed by milling. The oxide material will be processed by heap leaching.
  3. Gold production guidance figure reflects payable gold in concentrate and dore. Operator did not report production guidance for silver, lead or zinc.