San Jorge (Au)

Location: Argentina, South America
Operator: Aterra Investments Ltd. And Solway Industries Ltd.
Royalty: NSR: 7.5% / advanced payments

San Jorge is a copper-gold porphyry project located in the Province of Mendoza, Argentina. Although the project is currently on care and maintenance, under the revised terms of the royalty agreement Franco-Nevada has received annual payments of $1.25 million per year for 10 years commencing March 31, 2012 with a subsequent 7.5% NSR on all gold produced from the property. In April 2015, Coro Mining Corp. finalized an amended agreement with Aterra Investments Ltd. and Solway Industries Ltd. (“A&S”). A&S exercised their option and acquired 100% of the San Jorge property. Franco-Nevada acquired the royalty on the San Jorge property through its acquisition of Lumina Royalty Corp. in December 2011.