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Scully Mine

Scully Mine

scullyroyalty

Data compiled from public filings — information only, not investment advice. AI‑assisted; see methodology.

Project information

As at 31 December 2024

Type: Royalty

Aggregation level: Asset

Status: Operating

Report standard: Ni 43 101

Ownership %: 100

Operator: No

Operator name: Tacora Resources Inc.

Country: Canada

Region: Newfoundland and Labrador

Geological province: Labrador Trough

Interest conditions: 7.0% net revenues royalty on iron ore shipped from the mine and 4.2% on iron ore shipped from tailings and other disposed materials; Minimum payments of $3.25 million per year, payable quarterly, which may be credited towards earned royalties relating to the same calendar year; Royalty is payable pursuant to a mining sub-lease related to the lands on which the mine is situated, which commenced in 1956 and expires in 2055.

Description

As at 31 December 2024

Scully Royalty Ltd. 7.0% net revenues royalty over the Scully iron ore mine in Newfoundland and Labrador operated by Tacora Resources Inc. Royalty covers Mining Lease Lot No. 1, which is 14.43 square km in area. Expected to deliver up to 6.0 million tonnes per annum of high-grade iron ore concentrate based on Tacora's multi-year capital investment and ramp-up plan.

Royalty interests

Multiple effective dates

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