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 Newmont Corporation ("Newmont") which is 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.
Newmont commenced production at Borden in late 2019 with an initial mine plan outlining a seven-year mine life extending to 2027 projecting over 100,000 ounces of annual production. The early years of the mine life have focused on the near surface, northwest portion of the mine. As the mine progresses deeper, the production falls, under our royalty coverage.