Altius
This project is part of our
All-Canadian royalty portfolio

Patience Lake (potash)
Prairie Royalties

Location
east of Saskatoon, Saskatchewan, Canada

Operator
Potash Corporation of Canada ("PCS")
www.potashcorp.com

Commodity
Potash

Asset Profile
LTM (as of January 31, 2016) Royalty Revenue $0.27 million

PCS’s Patience Lake mine is a solution mining operation located due east of Saskatoon, Saskatchewan. The mine was producing as a conventional underground mine in the 1960s, however it was flooded in the 1980s and purchased by PCS which converted it to a solution mine. The capacity as a conventional mine was approximately 1.03Mt potash product per year. As a solution mine production has been considerably less.

As this is the first mine to have been converted to a solution mining facility, there is no current estimate of mining life.

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