Fosterville Royalty

Royalty 2% NSR
Location Victoria, Australia
Asset Overview Underground mine, Open Stoping
2017E Production 250-260Koz
Resources P&P: 1.2 Moz
M&l (Exclusive of P&P): 1.9Moz
Inferred: 1.0Moz

Centerra Gold holds a 2% net smelting royalty on the Fosterville Gold Mine, operated by Kirkland Lake Gold Ltd, located in the province of Victoria, Australia.

Gold was first discovered in the Fosterville area in 1894 with activity continuing until 1903. Modern era gold production resumed in 1991-2011 with oxide heap leach mining. Sulfide mining and processing started in 2004 and been continuous since that time with a track record of exploration success that continues to this day.