68 ROYAL GOLD 2023 Asset Handbook Idaho Oregon California Utah Arizona LEEVILLE Nevada ROYALT Y Leeville Leeville is an underground gold mine in the Carlin Complex, owned and operated by Nevada Gold Mines LLC, a joint venture between Barrick Gold Corporation (“Barrick”) (61.5%) and Newmont Corporation (38.5%). Leeville is located in northeastern Nevada, approximately 15 kilometers northwest of the town of Carlin and 50 kilometers west-northwest of Elko. Operational Overview Mining at Leeville started in 2005. Leeville utilizes two main mining methods for ore extraction: underhand drift-and-fill, and long-hole stoping. Gold mineralization in the Leeville complex is refractory. Leeville ore is processed in the Carlin Complex roasters or autoclaves. 1 Provided for NGM’s Carlin Complex and not Leeville specifically. 2 Source: Barrick, 2023 Annual Information Form OPER ATOR Nevada Gold Mines LLC MINER ALIZATION ST YLE Carlin-Type Sediment- Hosted Au MINE T YPE Underground METAL(S) A u PRODUCT Doré ROYALT Y 1.8% NSR Royalty (all metals) YEAR OF ACQUISITION 2002 TERM OF ROYALT Y Life of Mine MINE LIFE N/A 1 UNITED STATES 2024 OPER ATOR GUIDANCE Detail not publicly disclosed by operator. 1 LONGER-TERM OPER ATOR OUTLOOK Detail not publicly disclosed by operator. 1 Royal Gold’s Royalty Interest Royal Gold holds a 1.8% net smelter return (NSR) royalty on all metals produced from Leeville. Royal Gold acquired the Leeville royalty in December 2002, through the acquisition of High Desert Mineral Resources.
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