OPERATOR: ATNA RESOURCES LTD. AND BARRICK GOLD CORPORATION
ROYALTY: NSR: 1-2%
The Pinson project is located near Winnemucca, Nevada, at the intersection of the Getchell Gold Belt and the Battle Mountain-Eureka Trend, in the heart of the Nevada Gold Province. Pinson is south of Barrick and Newmont’s Getchell/Turquoise Ridge mine and 13 km from Newmont’s Twin Creeks mine complex. Franco-Nevada holds a 1-2% NSR royalty on approximately 20 sections and a smaller royalty on another half section of checkerboard land in the area covering portions of the Pinson and Getchell properties in Nevada. The Pinson mine produced 985,000 ounces of gold from 1980 through 1999 by open-pit mining. In June 2014, Atna Resources Ltd. commenced test mining operations at the Pinson underground mine but all of the ore mined in 2014 originated from the Ogee zone, which is not subject to Franco-Nevada’s royalty. Due to a lack of developed working faces and the working capital needed for further development, the Pinson mine was placed on care and maintenance during 2015.