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West Timmins Extension Royalty

 

Summary:

The West Timmins mine was acquired by Tahoe Resources from Lake Shore Gold in April 2016. The West Timmins mine is the flagship mine in the district for Tahoe. Metalla has a 1.5% Royalty on the Wallingford claim which lies on the extension of the Timmins Deposit. The Timmins deposit plunges towards the NW onto Metalla Royalty Claims and crosses the boundary between 1,100m and 1,200m levels.

Agreement:

  • 1.5% NSR on the West Timmins extension properties, owned by Tahoe, subject to a buyback of 0.75% for $750,000

Location: Timmins Ontario, Canada

Project Status: Producing

Production: 50,000 ounces Au annually

Grade: 4.5 gpt Au

Counterparty: Tahoe Resources (TAHO:NYSE)