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.
SSR Mining is seeing positive outcomes from its focus on brownfields exploration near existing infrastructure and intends to raise its exploration drilling objective in 2023 onwards. SSR has expanded its exploration program to focus on defining a long-term potential production plan at adjacent targets (Trenton Canyon and Buffalo Valley) for which Gold Royalty holds a 0.3% NSR over Trenton Canyon.