Fenix (Chile)

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Project Overview

The Fenix Gold Project is one of the largest undeveloped pre-feasibility stage gold oxide projects in the Americas. It is located in Atacama Region, in the Copiapo Province – Chile, specifically in the Maricunga Mineral Belt, approximately 160 kilometres northeast of Copiapo by International Road CH-31. This is a well-known mining district that contains over 70 million ounces of gold and hosts the La Coipa and Refugio mines, as well as the Volcan, Caspiche, Lobo Marte and Cerro Casale deposits. Sectorial permit applications are currently in process at The Fenix Gold Project, and first gold production is targeted for the fourth quarter of 2022.

Blackwater (Canada)

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Project Overview

The Blackwater Project is located in central British Columbia, approximately 160 km southwest of Prince George and 446 km northeast of Vancouver. The Project is accessible by major highway and access/service roads. Artemis has a 100% recorded interest in 329 mineral claims covering an area of 148,902 ha. The Blackwater deposit is an example of an intermediate sulphidation epithermal-style gold–silver deposit.

As disclosed by Artemis, the primary focus for Artemis is on advancing construction of the Blackwater Project, a project with 8 million ounces of gold in reserves, Environmental Assessment approval and the potential to develop into one of the largest gold mines in Canada. The Blackwater Project is forecast to be a first quartile gold mine3 with a 22 year mine life. Artemis has disclosed that it expects major construction to commence in the second quarter of 2022, with production commencing in the first quarter of 2024.

Marathon (Canada)

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Project Overview

The Marathon Project is located approximately 10 km north of the Town of Marathon, Ontario, adjacent to the Trans-Canada Highway No. 17 on the northeast shore of Lake Superior. Electrical power and telephone communication are present at the Property and in the Town of Marathon, which is linked to the Ontario power grid. The Marathon property covers a land package of approximately 22,000 hectares, or 220 square kilometres. The Marathon Deposit is one of several mafic to ultramafic intrusive bodies in the Mid - continent Rift System (“MRS”) that host significant copper, nickel or PGM sulphide mineralization.

Generation Mining's focus is the development of the Marathon Project and anticipates construction activities to begin in 2022, with production commencing in 2024. On December 13, 2021, an independent report prepared by Skarn Associates estimated the Marathon Project, once producing, to be ranked as having one of the lowest operational carbon footprints for a mine in both Canada and the world per tonne of copper-equivalent produced.

Curipamba (Ecuador)

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Project Overview

The Curipamba Project is forecasted to be a high quality, low-cost mine with significant exploration potential, Curipamba is located in central Ecuador approximately 150 km northeast of the major port city of Guayaquil. The Project comprises seven mineral concessions representing approximately 21,500 hectares and includes the advanced high-grade copper-gold El Domo deposit. El Domo is a flat-lying tabular shaped VMS deposit, with mineralization beginning at 30 metres from surface and dimensions of approximately 800 x 400 metres. Three well-maintained gravel roads provide direct access to El Domo and most of the Curipamba project area. Adventus completed a feasibility study NI 43-101 Technical Report as well as completed and submitted a detailed environmental and social impact assessment (ESIA) report to the Government of Ecuador.

Cangrejos (Ecuador)

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Project Overview

The Cangrejos Gold-Copper Project is located in El Oro Province, southwest Ecuador. The Cangrejos Project is the largest primary gold deposit in Ecuador, and is owned and operated by Lumina Gold Corp, a Canadian based precious and base metals exploration and development company. Lumina has an experienced management team with a successful track record of advancing and monetizing exploration projects. A Preliminary Feasibility Study for Cangrejos was completed in April 2023. The Cangrejos project is forecast to be a high-margin mine in the lowest half of the cost curve with a 26-year mine life.

Goose (Canada)

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Project Overview

The Goose Project is the first mine Sabina is advancing in its 100%-owned Back River Gold District, which is an 80km long belt with a series of gold deposits in banded iron formation, located in southwestern Nunavut, Canada, approximately 520 km northeast of Yellowknife. The Goose Project is an advanced and fully permitted project with social license in hand. Pre-development activities have begun with the Project's Port Facility and winter ice road being completed as well as major earth works at the Goose Project site. The Goose Project is forecast to be a high margin mine in the lowest half of the gold cost curve with a 15-year mine life.

Aljustrel (Portugal)

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Project Overview

The Aljustrel copper-zinc-lead-silver mine is located in Portugal and is 100% owned by Almina - Minas do Alentejo, S.A., a private company who purchased the mine from Lundin Mining Corporation in early 2009.

In 2014, in exchange for remuneration, Wheaton Precious Metals agreed to waive its rights to silver contained in copper concentrate at the Aljustrel mine but retains a stream on silver produced from the zinc and lead ores.

In 2018, the agreement with Almina was amended to increase production payments to 50% of the amounts received under concentrate sales agreements and fix silver payable rates for a period of two years and limit rate decreases thereafter. In Q2 2018, Aljustrel began processing zinc ores to produce zinc and lead concentrates containing silver payable to Wheaton.

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Cotabambas (Peru)

Cotabambas

Project Overview

The Cotabambas copper-gold-silver deposit is located in Peru, South America, and has been systematically explored since 1995. Cotabambas is located in the mountainous terrain of the high Andean Cordillera. Elevations on the property vary between approximately 3,000 and 4,000 metres. The region is characterized by deeply incised river valleys and canyons.

The Ccalla and Azulccacca zones of the Cotabambas deposit are porphyry copper deposits. The two host porphyries cover an area about 2.5 kilometres long and 1.5 kilometres wide. Mineralization occurs in hypogene, supergene enrichment and oxide zones within the host porphyries and surrounding diorites. A well-developed leached cap hosts the oxide mineralization. Sulphide mineralization consists of chalcopyrite and pyrite, and gold grades are strongly correlated to copper grades in the hypogene zone.

In June 2019, Panoro announced assay results from a recently completed drill program. The first phase of drilling at the Chaupec Target was composed of five drill holes totalling 997 metres of drilling. The five drill holes were completed at the northern end of the Chaupec target along approximately 1.2 km of strike. The drill results, with high grades of copper, gold, silver including grades of lead and zinc are confirming the potential presence of a new porphyry stock in the vicinity of the drilled area. In July 2020, Panoro announced plans for additional exploration work at the Chaupec and Gauclle Targets with an objective to identify near-surface, high-grade mineralization to provide additional early life feed to the proposed 80,000 tonne per day concentrator included in the PEA report.

Kutcho (Canada)

Los Filos

Project Overview

The Kutcho property is located approximately 100 kilometres east of Dease Lake in the Liard mining division of northern British Columbia, and consists of one mining lease and 46 mineral exploration claims covering an area of approximately 17,060 hectares. The site is accessible via a 900 metre long gravel airstrip located 10 kilometres from the deposit and a 100 kilometre long seasonal road from Dease Lake suitable for tracked and low-impact vehicles.

The Kutcho property lies within the King Salmon Allochthon, a narrow belt of Permo-triassic island arc volcanic rocks and Jurassic sediments, situated between two northerly-dipping thrust faults: the Nahlin fault to the north, and the King Salmon fault to the south. The belt of volcanic rocks is thickest in the area where it hosts the VMS deposits, partly due to primary deposition, but also to stratigraphic repetition by folding and possibly thrusting.

The Kutcho project is envisioned to be an underground mining operation, supplemented by a starter pit on the Main deposit during the construction phase, to extract ore from the Main and Esso deposits. Two underground mining methods are proposed: sublevel longhole stoping for areas where the dip is greater than 50°, and mechanized cut and fill with paste backfill in shallow dipping areas of less than 50°. A 2,500 tpd process plant is assumed to operate 365 days per year at 92% availability, with mill feed to be crushed, ground and subsequently subjected to copper and zinc flotation.

Los Filos (Mexico)

Los Filos

Project Overview

The Los Filos gold-silver mine is located 180 km south of Mexico City in the municipality of Eduardo Neri, Guerrero State, Mexico. The operation consists of two open pit mines (Los Filos and Bermejal) and one underground mine (at Los Filos), with common heap leach, wet plant and ancillary facilities to produce a final gold doré product on site.

Gold and silver are recovered from crushed and run-of-mine ore via a conventional, low-cost heap leach and ADR (adsorption-desorption-recovery) process. Infrastructure on site includes primary and secondary crushing plants with 18,000 tpd capacity, an overland conveyor system, agglomerator, two heap leach pads, two pregnant solution collection ponds, one recirculation pond and two contingency water ponds and an ADR plant and refinery.

The orebodies at Los Filos consist of iron-gold skarn with minor amounts of copper and silver at the intrusive-limestone contact. Orebodies also occur with endoskarn and are disseminated within the hydrothermally altered intrusive rocks. The mineralogy of the contact orebodies is predominantly iron oxides with gold, in associations with lesser quantities of copper, lead, zinc, and arsenic occurring in carbonates and oxides as well as sulfides.

The Los Filos expansion project is underway with plans to enlarge the Los Filos open pit, add a new pit (Guadalupe), develop a second underground mine (Bermejal) and construct a new carbon-in-leach plant to complement the existing heap leach facilities. A 2019 feasibility study estimated total capex of $213 million for the expansion.

Click here to view a Virtual Mine Tour of Los Filos 

Marmato (Colombia)

Minto

Project Overview

The Marmato Project, owned by Aris Gold, has excellent infrastructure as it is located by the Pan American Highway with access to Medellin to the North and Manizales to the South, and has access to the national electricity grid, which runs near the property. Marmato comprises the existing producing underground gold and silver mine (Upper Mine), which has been in operation since 1991 and the Marmato Deeps Zone (“MDZ”) project, both of which are covered by the Precious Metals Stream.

Mineralization within the Upper Mine consists of an epithermal low to intermediate sulfidation style and the MDZ is characterized by mesothermal vein/veinlet mineralization. The MDZ remains open at depth and to the east where recent drilling resulted in the discovery of the New Zone.

In August 2020, Aris filed a preliminary feasibility study ("PFS") technical report on the Marmato Project pursuant to National Instrument 43- 101 -Standards of Disclosure for Mineral Projects. The study affirms the economic viability of the underground expansion of the Marmato Project. The company has updated its plan for the Upper Mine to incorporate an expansion of the existing 1,200 tpd processing plant to 1,500 tpd, to be completed over the next two years. The Prefeasibility study is focused on the development of mining operations in the MDZ, including construction of a new 4,000 tpd CIL processing plant and new dry stack tailings storage facilities. Mechanized mining, using an underground longhole stoping method, in the MDZ is expected to further increase production commencing by 2023.

Minto (Canada)

Minto

Project Overview

In June 2019, Capstone announced the sale of the Minto mine, which was on care and maintenance at the time, to Pembridge Resources PLC ("Pembridge"). Pembridge subsequently restarted operations in the third quarter of 2019.

The Minto copper-gold-silver mine located in Yukon, Canada, is an open pit and underground mining operation that commenced commercial production in 2007. Since 2007, the mine has undergone several successful expansions, more than doubling mill throughput levels from 1,563 tonnes per day to its current design throughput of 3,600 tonnes per day. The mill employs conventional crushing, grinding and flotation to produce copper and gravity concentrates with significant gold and silver credits. Concentrates are exported via the Port of Skagway, Alaska, to smelters in Asia for treatment and sale.

The Minto deposit is spread over a series of high grade areas interspersed with large deposits of low grade material. The mine plan was designed for the highest grade deposits to be mined sequentially in a series of small pits supplemented with additional ore from underground. Surface mining is complete with recent production coming from underground.

Santo Domingo (Chile)

Santo Domingo

Project Overview

Santo Domingo is a first quartile copper-iron-gold project2 and Chile’s only fully-permitted greenfield project. The proposed open-pit mine is located 50 kilometres southwest of Codelco's El Salvador copper mine and 130 kilometres north-northeast of Copiapó, near the town of Diego de Almagro in Region III, Chile. Elevation at the site ranges from 1,000 to 1,280 metres above sea level, with relatively gentle topographic relief.

Santo Domingo is owned by Capstone, a Canadian base metals mining company focused on copper with two producing mines, the Cozamin copper-silver mine in Zacatecas State, Mexico and the Pinto Valley copper mine located in Arizona, US. In addition, Capstone owns the Santo Domingo project, a large scale, fully-permitted, copper-iron-gold project in Region III, Chile, as well as a portfolio of exploration properties. Capstone's strategy is to focus on the optimization of operations and assets in politically stable, mining friendly regions, centered in the Americas. Wheaton has precious metals streaming agreements with Capstone on both the Cozamin mine and the Santo Domingo project.

Capstone expects major construction to commence in late 2021 with the first full year of production forecast for 2024.

Toroparu (Republic of Guyana)

Toroparu

Project Overview

The Toroparu gold-copper project is located in the Republic of Guyana, South America. Discovered in 2007, the Toroparu Project has Proven and Probable mineral reserves of 4.1 million ounces of gold contained in 127 million tonnes of ore at a grade of 1.0 g/t Au. The Toroparu Project and surrounding gold anomalies lie at the edge of a large bending zone in the Puruni Shear Corridor, a regional feature that can be traced more than 100 kilometres into the prolific Venezuelan Gold District.

The project has its Environmental Authorization, Mineral Agreement and Fiscal Stability Agreement in place. A pre-feasibility study completed for the Toroparu Project in 2013 at US$1400/oz gold outlined the design of an open pit mine producing 228,000 ounces of gold per year over an initial 16-year mine life. Gran Colombia (formerly Gold X Mining) has signed a Memorandum of Understanding with the Guyana Government giving Gran Colombia exclusive rights to develop the Kurupung Hydro Project, approximately 50 kilometres south of the Toroparu Project. Optimizing the project’s power supply by building the proposed run-of-river hydroelectric facility could significantly reduce the estimated operating cash cost.

A Preliminary Economic Assessment was announced in June 2019, which examined a project re-scope which included the Sona Hill satellite deposit and a modification of the processing strategy to start with gold-only production from a CIL circuit for the initial 10 years, followed by the addition of flotation processing capacity. As of May 2020, the licensing process for the Toroparu project has entered the final stage of regulatory review of all documentation under the updated Mining License Application submitted in October 2019.

Metates (Mexico)

Metates

Project Overview

The Metates gold-silver property is located in Mexico and is owned by Chesapeake Gold Corp. (“Chesapeake”). Metates is one of the largest, undeveloped disseminated gold and silver deposits in the world. The March 2017 updated pre-feasibility study of Metates envisions a conventional truck and shovel open pit mining operation to support a Phase 1 rate of 30,000 tonnes per day (“tpd”) to Phase II of 90,000 tpd in a staged expansion process plant. Crushed ore will be fed to a conventional SAG and ball mill circuit followed by a single stage flotation plant to produce a bulk sulphide concentrate. This concentrate would then be transported downhill to the processing site where the sulfides are oxidized in an autoclave circuit prior to cyanidation to recover the gold and silver. Given the high-sulfide nature of the concentrate, the autoclave process will produce large quantities of acid that need to be neutralized. The neutralization process would have been a significant cost for the operation and this drove the decision for Chesapeake to propose to transport the concentrate slurry via a 103 kilometre pipeline to a plant within Chesapeake’s limestone concessions. The concentrate solution also contains dissolved zinc and copper that may be recovered during the course of neutralization.

Platreef (South Africa)

Project Overview

The Platreef Project is located approximately 280 km north-east of Johannesburg, on the Nerthn Limb of South Africa’s Bushveld Igneous Complex, which is widely considered to be one of the world’s premier platinum producing regions. Owned by Ivanplats (Pty) Ltd, the Platreef project is projected to become one of the world’s largest and lowest-cost producers of palladium, platinum, rhodium, nickel, copper and gold. Platreef is the world's largest undeveloped precious metals project with a target of becoming the largest PGM mine with the highest margins and lowest cash costs, globally. The Platreef Project is fully permitted and currently under construction, with commercial production expected in Q4 2024.

Kudz Ze Kayah (Canada)

Project Overview

The Kudz Ze Kayah Project is located within the Finlayson Lake District of the Yukon-Tanana terrane, which underlies much of central Yukon and parts of Alaska and British Columbia to the west of the Selwyn Basin. Owned by BMC Minerals, Kudz Ze Kayah is a polymetallic, feasibility study stage development project that is projected to be one of Canada’s top producers of zinc and silver, as well as a top 10 copper producer. Construction is expected to commence once final permits, including the water mining license and the quartz milling license, are received.

Curraghinalt (Northern Ireland)

Project Overview

The Curraghinalt Project is located approximately 115 km west of Belfast, in Northern Ireland, United Kingdom. Owned by Dalradian Resource Inc., the Curraghinalt Project is a high-quality gold asset that also contains silver and copper. The Curraghinalt Project is in the final stages of the permitting process, with the forecasted 2-year construction period anticipated to commence in 2025. The Curraghinalt mine design features a reverse osmosis water treatment plant, a dry stack tailings facility and a commitment to carbon neutrality (supported by a supply of 100% renewable electricity). Dalradian expects to hire 90% of its staff from the local area. This will be supported with an investment of £15 million training program over the initial three years to assist local people to qualify for positions at the mine.

On November 15, 2023, Wheaton International entered into a purchase agreement with certain entities advised by Orion to acquire three existing streams (the “Orion Purchase Agreement”) being the existing gold purchase agreement between Orion and Ivanhoe Mines SA (Pty) Ltd., a subsidiary of Ivanplats (Pty) Ltd. (“Ivanhoe Mines”), the existing palladium and platinum purchase agreement between Orion and Ivanhoe Mines, and the existing gold and silver purchase agreement between Orion and BMC Minerals Corp. Closing of the Orion Purchase Agreement has not yet occurred. The three relevant streams have been included for the purposes of fulsome disclosure however, pending closing, these streams do not yet form part of Wheaton’s asset portfolio/mineral stream interests/attributable mineral reserves and resources. Closing of the Orion Purchase Agreement is subject to typical terms and conditions and is currently anticipated to occur in the first quarter of 2024.