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Franco-Nevada

Ity (Au)


LOCATION: Côte D’ivoire
OPERATOR: Endeavour Mining Corporation
ROYALTY: NSR: 1-1.5%

The Ity gold mine, located in western Côte d’Ivoire, is operated by Endeavour Mining. Endeavour Mining increased its ownership interests further in 2019 to 85% with the remainder owned by the Government of Côte d’Ivoire and SODEMI (a government-owned mining company). Franco-Nevada has a sliding scale royalty which increased to an approximate 1.5% NSR once cumulative production from 2001 onwards exceeded 21 tonnes of gold (reached at the beginning of 2015). The royalty ceased in the second half of 2019 once cumulative production reached 35 tonnes of gold.