Chapada
Project information
As at 31 December 2025
Type:
Stream
Type:
Stream
Aggregation level:
Asset
Aggregation level:
Asset
Status:
Operating
Status:
Operating
Report standard:
Ni 43 101
Report standard:
Ni 43 101
Ownership %:
100
Ownership %:
100
Operator:
No
Operator:
No
Operator name:
Lundin Mining Corp.
Operator name:
Lundin Mining Corp.
Extraction:
Open Pit
Extraction:
Open Pit
Country:
Brazil
Country:
Brazil
Region:
Goiás
Region:
Goiás
Interest conditions:
4.2% of payable copper from Chapada, up to a maximum of 3.9 million pounds of copper annually, until 39 million pounds of copper have been delivered; then, 3.0% of payable copper until 50 million cumulative pounds of copper have been delivered; and then 1.5% of payable copper thereafter. Royal Gold will make ongoing payments for each pound of copper delivered equal to 30% of the spot price of copper.
Description
As at 31 December 2025
Royal Gold stream on the Chapada open-pit copper-gold mine located 270 kilometers northwest of Brasília in Goiás state, Brazil, operated by Lundin Mining Corporation. The Chapada mine plan has three open-pit mining areas in close proximity including Corpo and Corpo Sul, which are currently being mined, and the Suruca deposit that holds future development potential. Expected to produce 45,000 to 50,000 tonnes of copper in 2026.
Stream interests
Multiple effective dates · exclusive
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Reserves & resources — detail
As at 31 December 2025
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