OPERATOR: IMPERIAL METALS CORPORATION
ROYALTY: NSR: 0.25%
Sterling is an underground gold operation located 185 km northwest of Las Vegas, Nevada near Beatty, Nevada and is owned by Imperial Metals Corporation (“Imperial Metals”). Franco-Nevada holds 1/8th of a 2% NSR, or an effective 0.25% NSR royalty on approximately 272 lode mining claims with a small minimum advance royalty. Sterling underground mining operations were terminated at the end of May 2015. In February 2017, Imperial Metals entered into a Letter of Intent with Northern Empire Resources Corp. to sell its interest in the property with closing planned for the second quarter of 2017.