Location: British Columbia
Operator: Idm Mining Ltd.
Royalty: NSR: 1% / Production Payment
In April 2014, IDM Mining Ltd. (then Revolution Resources Corp.) entered into an option agreement with Seabridge Gold Inc. to acquire a 100% interest in the Red Mountain Gold Project located near Stewart, B.C. Franco-Nevada has a 1% NSR as well as a $10/oz production payment on gold produced in excess of 1.85 million ounces. Franco-Nevada acquired the royalty as part of the Barrick royalty portfolio in November 2013. IDM Mining Ltd. provided an updated Mineral Resource estimate for the project in March 2017 which included an Indicated Mineral Resource of 583,700 ounces of gold (2.1 Mt @ 8.75 g/t).