Royalty Overview

The Borden royalty was acquired by Gold Royalty in August 2021, through the acquisition of Ely Gold Royalties. The 0.5% NSR covers several unpatented claims including a claim over the southeast portion of the Borden underground mine workings. The Royalty also covers prospective land between one and three kilometers to the northwest of the Borden Mine. Please see the royalty coverage map in the photo gallery for the location of the Borden underground mine workings relative to the Company’s Royalty coverage.

Project Overview

The Borden mine ("Borden") is located near Chapleau, Ontario and is part of the larger Porcupine complex near Timmins. It is owned and operated by Discovery Silver and described on Ontario's Invest Ontario website as the "mine of the future.”

Borden features state-of-the-art health and safety controls, digital mining technologies and processes, and low-carbon energy vehicles. In addition, Borden's all-electric underground fleet eliminates diesel particulate matter from the underground environment and lowers greenhouse gas emissions. This helps to reduce energy costs, protect employee health and minimize impacts to the environment.

Discovery Silver released an updated technical report over the Porcupine complex, outlining an additional nine years of mine life for Borden until 2033, projecting over 100,000 ounces of average annual production. As the mine progresses deeper into the ground the production beneath the royalty coverage is expected to increase.