Carlota, USA / Copper
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Carlota is a high quality copper project in the US, owned and operated by KGHM.
Producing
Copper
KGHM
USA
Royalty rate and type
5% NSR
Balance sheet classification
Royalty Intangible
As part of the royalty portfolio acquisition from South32, the Group acquired a 5.0% NSR royalty over the Carlota copper project in the US, owned and operated by KGHM Polska Miedz.
Royalty revenues from Carlota totalled $0.6m in 2023. With the open-pit mining having ceased in 2014, Ecora anticipates copper cathode production to continue to decline as heap leach becomes exhausted, and copper production ceases in around four years’ time.
Delivered portfolio contribution of $0.6m in 2024 (2023: $0.6m).
The Carlota operation is at the latter stages of life and operator will continue to try to maximise production before the end of mine life.