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 totaling 338,000 km2 and hosts a Measured and Indicated Mineral Resource base of 2.2 million ounces of gold in 46.9 million tonnes at an average grade of 1.43 grams per tonne. Yamana initiated a core drilling program in September 2015, with a total of approximately 1,000 metres focused on expanding or infilling zones of near surface high grade mineralization. Franco-Nevada holds a 2% NSR royalty on the first 1.0 million ounces produced and a 3% NSR on any additional production.