The Lincoln Hill property is situated next to Coeur Mining’s Rochester open-pit, heap leach mine, providing significant operational synergies for Coeur. As Coeur moves toward the permitting of the new Stage VI leachpad at Rochester, Lincoln Hill offers nearby higher grade ore.

According to Coeur Mining, Lincoln Hill is projected to become a source of higher-grade, low-cost production capable of bolstering future cashflow and further extending Rochester’s mine life. Coeur reports Lincoln Hill’s average gold resource grade is more than four times higher than Rochester’s current grade. The Lincoln Hill royalty covers 97 unpatented claims and one patented lode claim. The land holding also includes 23 unpatented claims known as the Rosal Claims, on which Ely Gold currently holds a 1.5% NSR.