The Company has a 3.4% Net Smelter Return royalty on the Coeur Rochester Mine, which is non-dilutive to investors and leveraged to the gold and silver prices. The royalty is owned by Rye Patch Gold US Inc., wholly own subsidiary of Rye Patch Gold Corp.
William C. Howald, the Company’s President and CEO stated, “The royalty income is a welcome source of non-dilutive funding during this turbulent and devalued market. Our ability to drive the Lincoln Hill project forward, and continue the search for world-class discoveries along the Cortez trend, has positioned the Company for continued, long-term success.”
|Year to Date||Canadian Dollars||US Dollars|
|2014||$ 4,137,000||$ 3,747,000|
|2015||$ 6,208,000||$ 4,784,238|