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The most common type of royalty is Net Smelter Royalty ("NSR"), which is a percentage of recovered gold. At this mine, there is a 3.0% NSR royalty. So we have to account for that. The government could also collect a royalty – in this case, there is a 0.6% stamp duty on gold sales. 6. Capital Costs (aka Capex) Are you still with me?

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Nevada Gold Mines is a joint venture between Barrick Gold Corporation (61.5%) and Newmont Goldcorp Corporation (38.5%), combining their significant assets across Nevada to create the single largest gold-producing complex in the world and realize the full potential of these mines through synergies and best-in-class operational improvements.

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