Royalty Overview

Gold Royalty acquired the 0.75% NSR as part of the acquisition of Ely Gold Royalties in August 2021. The royalty coverage at Marigold provides exposure to the north and southwest extensions of the current mining area around the 8N, 8D, and 8 South Extension zones yielding future exploration upside.

Project Overview

Marigold is a large run-of-mine heap leach operation with several open pits that is wholly owned and operated by SSR Mining Inc. ("SSR") since its acquisition in April 2014 from Barrick and Goldcorp. Marigold is located in Nevada, USA within the Humboldt and Lander counties, resting on the Battle Mountain - Eureka trend.

The Marigold mine is one of the oldest mines in the Gold Royalty portfolio, with the first recorded production on the property in 1938 from an underground mine. From 1968 through 1985, several companies took an interest in, and conducted exploration programs across the Marigold area with the first gold doré bar poured in 1989. As of 2022, an estimated 4 million ounces of gold have been produced and roughly 2,000,000 meters of drilling have been completed on the project. The current mine plan outlines production through to 2038.