Royalty Overview

The Gold Royalty NSR percentage applicable to gold production adjusts based on the market price of gold:

  • 4.0% if the price of gold is over $3,000 per ounce
  • 3.5% if the price of gold is between $3,000 and $2,400 per ounce
  • 3.0% if the price of gold is between $2,400 and $1,200 per ounce
  • 2.5% if the price of gold is below $1,200 per ounce
Project Overview

The Cheechoo gold project is located in the James Bay region of Québec, Canada and is wholly owned and operated by Sirios Resources Inc. (“Sirios”). The property consists of 225 claims, covering an area of 118 km2 across three distinct zones of contiguous claims surrounding Newmont’s Eleonore mine. The earliest record of exploration activities at Cheechoo dates back to 1964 by Noranda Inc. Majority of exploration work on Cheechoo has being carried out by Sirios with currently over 74,490 meters of exploration drilled since acquisition in December 2013. Cheechoo won AEMQ’s “Discovery of the Year” award in 2016 showcasing the tremendous asset potential along other recipients such as Canadian Malartic, the Odyssey project, and Fenelon.