The Côté Gold Project is located in the Chester and Yeo Townships, within the District of Sudbury, in northeastern Ontario, Canada, approximately 125 km southwest of Timmins and 175 km northwest of Sudbury, covering a total area of about 587 km2.

Overview

IAMGOLD completed an updated feasibility study on the project in 2021, as set out in a technical report titled " Technical Report on the Côté Gold Project, Ontario, Canada" with an effective date of November 26, 2021 (the "Côté Technical Report"). The report describes a 36,000 tpd open pit operation with estimated average annual production of 489,000 oz Au over the first 5 years of operation, and average annual production of 367,000 oz Au at an AISC of US$802/oz over the 18-year mine life. On July 2020, IAMGOLD announced a construction decision at the Côté Gold Project. On January 12, 2022, IAMGOLD disclosed that construction is well underway, with commercial production expected in the second half of 2023.

Gold Royalty holds a 0.75% NSR over zones 5 and 7 (zone breakdown shown in picture gallery) which based on the geometry of the deposit, is coincident with the higher-grade mineralization and is expected to be scheduled during the initial phases of production. We estimate that the royalty coverage of the Côté deposit mineralization is currently around 30% with high exploration and further development potential.

See Global Resource Statement page for assumptions and notes for each respective resource estimate.

See Global Resource Statement page for assumptions and notes for each respective resource estimate.