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Franco-Nevada

Pinson (Au)

LOCATION: Nevada, United States
OPERATOR: Osgood Mining Company LLC and Barrick Gold
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. Pinson is south of Nevada Gold Mines’ Turquoise Ridge mine and 13 km from its 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 project 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 however, all of the ore mined in 2014 originated from the Ogee zone, which is not subject to Franco-Nevada’s royalty. Pinson was placed on care and maintenance in 2015.