El Compas Royalty

DESCRIPTION

Operator: Grupo ROSGO (“ROSGO”)
Metal(s): Silver, Gold

 1.5% NSR on recently producing silver and gold mine

Key Facts

Location: Zacatecas state, Mexico
Status: Care and maintenance
Mine type: Underground

Project Highlights

  • High-grade silver-gold mine that operated up to Q3, 2021
  • Mineral reserves were depleted mid-August 2021
  • Includes a leased plant with nominal capacity 250 tpd [from pg 12 EDR Q3 ’21 MDA]

Royalties

  • 1.5% NSR on the majority of concessions

Grupo Rosgo’s El Compas mine, currently on care and maintenance, is located in Zacatecas, the 3rd largest historic silver mining district in Mexico. The fully permitted mine and leased plant were acquired in 2016.

In Q3 2022, ROSGO acquired a 100% interest in Minera Oro Silver de Mexico, S.A. de C.V. (“MOS”) from Endeavour Silver Corp. for US$5 million. MOS holds the El Compas property and the lease on the La Plata processing plant in Zacatecas, Mexico.

Sailfish Royalty Corp. is a precious metals royalty and streaming company with assets in the Americas; and a focus on returning capital to shareholders through share repurchases and dividends.