Acquisition Date

2016 / Jan / 19

Terms

1.5% NSR

Operator

Bahar Madencilik Sanayi
ve Ticaret

Altintepe is located in the Ordu province of Turkey and is a high-sulphidation epithermal gold deposit. Mineralization occurs in a series of linear, fault-controlled veins and related stockworks.

The open-pit heap leach operation at Altintepe poured gold for the first time in late 2015. Production from the first stage is expected to be 30,000 ounces of gold per year over a 40 month period. Other mineralized zones that may increase the mine life include Kayatepe, Camlik East, Extension Ridge, and Karakışla.

Recent Activity

Bahar Madencilik is a private company and does not disclose mining or development activity related to Altintepe.

Altintepe

 

Altintepe Royalty Map
Altintepe Royalty Map