EVBC, Spain / Gold
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The Group has a 2.5% life of mine NSR royalty on the EVBC gold, copper and silver mine owned by TSX-listed Orvana Minerals Corp (‘Orvana’).
Stage
Producing
Commodity
Gold
Operator
Orvana Minerals
Location
Spain
Royalty rate and type
0.5–3.0% NSR
Balance sheet classification
Royalty financial instrument
EVBC is located in the Rio Narcea Gold Belt of northern Spain and was previously mined from 1997 to 2006 by Rio Narcea Gold Mines. The royalty rate is 0.5% where the gold price is <$1,800/oz up to 3.0% where the gold price is >$2,500/oz.
The EVBC mine benefited from record gold prices during 2025, with the Group’s royalty entitlement generating a portfolio contribution of $3.2m (2024: $1.8m).