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Mexico
Santa Gertrudis is a past-producing mine located in Northern Sonora, Mexico. Historically, Santa Gertrudis produced over 550 koz of gold in the 1990s at an average head-grade of 2.13 g/t gold. Recent exploration success has led to the discovery of two new high-grade deposits, called Amelia and Espiritu Santo.
Agnico is evaluating a potential heap leach operation for the open pit lower grade ore and a small mill facility to process the higher-grade ore. Agnico believes that Santa Gertrudis has the potential to be a similar size operation to the La India mine.
Metalla holds a 2.0% NSR royalty on the property, subject to a 1.0% buy back for US$7.5 million.
Metalla GEOs reflect the attributable gold-equivalent ounces under the 2.00% NSR Royalty. Resources shown exclusive of reserves. See Asset Handbook for full notes.