Karma

MMX Interest:  2.0% NSR royalty
MMX Metal Exposure:  Gold (Au), Silver (Ag)
Location:  Burkina Faso
Operator:  Néré Mining
Status:  Paying

Asset Information

  • Low-grade heap leach operation and consists of several gold deposits with are shallow, open pittable and a low strip ratio
  • Commercial production achieved in October 2016 with a run-rate of ~115,000 ounces of annual gold production
  • In 2017, an optimization project was completed to lift the stacking capacity
  • Acquired by Néré Mining, a Burkina Faso based consortium, in March 2022

For more information on Karma, please visit www.neremining.com

 

Source: Nere Mining Corporation public disclosure.