Franco-Nevada

Sterling (Au)

LOCATION: Nevada, United States
OPERATOR: Coeur Mining, Inc.
ROYALTY: NSR: 0.25%

Sterling is a historic gold operation located 185 km northwest of Las Vegas, Nevada near Beatty, Nevada. Coeur, who operates Guadalupe-Palmarejo (discussed on page 31), purchased Northern Empire Resource Corp. (“Northern Empire”) and the Sterling property in 2018. 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. Coeur is continuing to advance a drill program focused on Mineral Resource infill and expansion drilling.