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Cerro San Pedro (Au & Ag)

San Pedro

Location: Mexico, Latin America
Operator: New Gold Inc.
Royalty: GR: 1.95%

Franco-Nevada has a 1.95% GR that covers most of the Cerro San Pedro project operated by New Gold Inc. (“New Gold”). Cerro San Pedro is located in the San Luis Potosi mining district of central Mexico. The project is a gold-silver, open-pit, run-of-mine heap leach operation. Cerro San Pedro finished active mining late in the second quarter of 2016 and transitioned to residual leaching. A staged closure process is underway. Minimal production from Cerro San Pedro is expected going forward.