Metalla Royalty owns a 2% NSR Royalty to the west of the Detour Lake Mine. Detour is a large open pit gold mine which has produced more than 5 Million ounces of gold since 1983. Detour hosts a mine life of approximately 22 years with an average gold production of 659koz per year. Detour Lake's greenstone-hosted orogenic lode gold mineralization straddles the Sunday Lake Deformation Zone which extends 30 kilometres on the property striking East to West. Kirkland Lake has guided $40 - $45 million of exploration expenditure at Detour Lake for 2021.
Interest: 2.0% Net Smelter Return Royalty
Location: Northeastern Ontario
Project Status: Exploration
Counterparty: Kirkland Lake Gold