Hemlo-Williams Royalty

Royalty 0.25% NSR
Location Ontario, Canada
Operator Barrick Gold
Asset Overview Underground and
Open Pit mine
2017E Production 205-220koz
Reserves & Resources P&P: 1.6Moz
M&I: 1.7Moz
Inferred: 0.5Moz

Centerra Gold holds a 0.25% net smelter return on Barrick Gold’s Williams Mine, part of the Hemlo property, located approximately 350 kilometers east of Thunder Bay, Ontario.

In operation since 1985, Hemlo has produced over 24 million ounces of gold. Hemlo produced 219,000 ounces of gold in 2015 at all-in sustaining costs of $895 per ounce. Hemlo’s proven and probable mineral reserves as at December 31, 2015, were 917,000 ounces of gold.