Khoemacau
Project information
As at 30 June 2024
Type:
Stream
Type:
Stream
Aggregation level:
Asset
Aggregation level:
Asset
Status:
Operating
Status:
Operating
Report standard:
Jorc
Report standard:
Jorc
Ownership %:
100
Ownership %:
100
Operator:
No
Operator:
No
Operator name:
MMG Ltd.
Operator name:
MMG Ltd.
Extraction:
Underground
Extraction:
Underground
Country:
Botswana
Country:
Botswana
Region:
Kalahari Desert
Region:
Kalahari Desert
Geological province:
Kalahari Copper Belt
Geological province:
Kalahari Copper Belt
Interest conditions:
100% of the silver produced from Zone 5 at Khoemacau. The stream rate will drop to 50% of the payable silver upon the delivery of 40 million ounces of payable silver. RGLD Gold AG will pay 20% of the spot price of silver for each ounce delivered. Depending on the achievement by KCM of mill expansion throughput levels above 13,000 tpd, RGLD Gold AG will pay higher ongoing cash payments for ounces delivered in excess of specific annual thresholds.
Description
As at 30 June 2024
Royal Gold stream on the Khoemacau underground copper-silver mine located in the Kalahari copper belt in northwestern Botswana, operated by MMG Limited. The operation consists of three mechanized underground mines producing from the Zone 5 orebody and a sulfide ore flotation plant producing a copper-silver concentrate product at Boseto. Expected to deliver approximately 1.45 to 1.55 million ounces of silver in 2026.
Stream interests
Multiple effective dates
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Reserves & resources — detail
As at 30 June 2024
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