Summary:
The West Timmins mine was acquired by Pan American Silver during its takeover of Tahoe Resources in February 2019. The West Timmins mine is one of two mines feeding ore to the 4,400 tonne/day Bell Creek Mill in the Timmins Gold Camp. Metalla has a 1.5% Royalty on the Wallingford claim block which lies on the extension of the Timmins Deposit. The Timmins deposit plunges towards the NW onto Metalla Royalty Claims and will cross the boundary at depth.
Agreement:
- 1.5% NSR on the West Timmins extension properties, owned by Pan American Silver, subject to a buyback of 0.75% for $750,000
Location: Timmins Ontario, Canada
Project Status: Producing
Production: 50,000 ounces Au annually
Grade: 4.5 gpt Au
Counterparty: Pan American Silver
