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