AuRico Metals holds a 2% net smelting royalty on the Fosterville Gold Mine, operated by Newmarket Gold, located in the province of Victoria, Australia.
Gold was first discovered in the Fosterville area in 1894 with activity continuing until 1903. Modern era gold production resumed in 1991-2011 with oxide heap leach mining. Sulfide mining and processing started in 2004 and been continuous since that time with a track record of exploration success that continues to this day.
View Fosterville's Reserves & Resources here.