[Blockierte Grafik: https://www.arizona-gold.com/arizona/AGC-logo.png]
Arizona Gold is an emerging American gold producer advancing the restart of production at its 100-per-cent-owned, fully permitted, past-producing Copperstone mine project, located in mining-friendly Arizona. The Copperstone mine project demonstrates significant upside exploration potential that has yet to be drilled within a 50 square-kilometre (12,258 acres) land package that includes past production of over 500,000 ounces of gold by way of an open-pit operation.The company’s current focus is on maximizing Copperstone’s potential by defining and expanding current resources and further optimizing the mine’s economics for purposes of the restart of gold production in 2021 as a result of the recent project funding transaction entered into with Star Royalties Ltd.
We currently have five assets, four of which we created. Out of these five assets, one is a gold stream and the other four are royalties. Our portfolio, as it stands now, has an 83% weight in precious metals, a 99% weight in tier-one jurisdictions, which would be Canada, US, and Australia, and a 99% weight in producing and near-producing operations. Our primary asset is a gold stream on Arizona Gold’s Copperstone restart project, this is a US$18 million streaming agreement that we created and announced last November. The investment checked off many boxes for us. Copperstone is located in mining-friendly Arizona. It’s fully permitted, in fact it was a historic operation, having produced a half million ounces, so there’s significant infrastructure already on site. Arizona Gold is a Team of experienced underground mine developers and the timeline to production at Copperstone is short, with a restart expected by the end of this year. We spent over 1,000 hours of due diligence, with our technical consultants, who went to site and reviewed the reserve and resource estimations, mining methods, metallurgy, operating and capital costs. With that work, we’d expect this stream to cash flow to us for at least eight years, but above that, Copperstone has significant further high-grade exploration and expansion upside, so this could be very successful. (Alex Pernin)