Rainy River
Project information
As at 31 December 2025
Type:
Stream
Type:
Stream
Aggregation level:
Asset
Aggregation level:
Asset
Status:
Operating
Status:
Operating
Report standard:
Sec S K 1300
Report standard:
Sec S K 1300
Ownership %:
100
Ownership %:
100
Operator:
No
Operator:
No
Operator name:
Coeur Mining Inc.
Operator name:
Coeur Mining Inc.
Extraction:
Open Pit Underground
Extraction:
Open Pit Underground
Country:
Canada
Country:
Canada
Region:
Ontario
Region:
Ontario
Interest conditions:
6.5% of the gold produced until 230,000 gold ounces have been delivered, and 3.25% thereafter. The purchase price for gold ounces delivered is 25% of the spot price per ounce of gold at the time of delivery. Royal Gold also owns the right to purchase 60% of the silver produced until 3.1 million silver ounces have been delivered, and 30% thereafter. The cash purchase price for the silver ounces is 25% of the spot price per ounce of silver at the time of delivery.
Description
As at 31 December 2025
Royal Gold stream on the Rainy River open-pit and underground mine located 65 kilometers northwest of Fort Frances, Ontario, Canada, operated by Coeur Mining, Inc. The open-pit mine is a conventional truck-and-shovel mining operation, while the underground is designed as a mechanized, ramp-access mine. Expected to deliver approximately 230,000 to 275,000 ounces of gold and 350,000 to 450,000 ounces of silver in 2026 (9 months only).
Stream interests
Multiple effective dates · exclusive
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Reserves & resources — detail
As at 31 December 2025
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