Operator: Grupo ROSGO (“ROSGO”)
Metal(s): Silver, Gold
El Compas Royalty
DESCRIPTION
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.