Operator: Yamana Gold Inc.
Royalty: NSR: 2-3%
In June 2015, Yamana acquired Mega Precious Metals Inc. and the Monument Bay property, which is located in Manitoba, approximately 570 km northeast of Winnipeg. Monument Bay consists of 136 contiguous claims and hosts a Measured and Indicated Mineral Resource base of 1.787 million ounces of gold in 36.6 Mt @ 1.52 g/t. The 2016 $6.0 million exploration program focused on improving the drill density within the high grade mineralized shoots on the eastern portion of the deposit. A total of 27 holes totaling 7,850 meters were completed during the winter campaign. Franco-Nevada holds a 2% NSR royalty on the first 1.0 million ounces produced and a 3% NSR on any additional production.