Isabella Pearl, located on Nevada’s Walker Lane gold belt, began production in April 2019, only ten months after breaking ground. Commercial production began in October 2019. The 0.375% GRR was purchased from a third party in May 2019 for cash consideration of US$300,000.

Ely Gold Royalties acquired the Isabella Pearl royalty in October of 2018. This purchase marks the fifth transaction the Company has completed in concert with Gold Resource Corporation’s (GORO) consolidation of its Nevada Mining Unit, encompassing over 10,100 hectares (25,000 acres) of development and exploration lands along Nevada’s south-central Walker Lane mineral belt. The remaining three properties of the Unit—County Line, Mina Gold and East Camp Douglas—are in various stages of exploration.

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