Vanscoy

Location
Saskatchewan, Canada

Operator
Nutrien Ltd.

Commodity
Potash

Asset Profile
2019 Royalty Revenue C$0.2 million
Annual Production Capacity 2.8 million tonnes (NTR voluntarily reduced to .7 million tonnes effective July 2020)
Estimated Mine Life 29 years (Proven and Probable reserves)

Vanscoy is a conventional underground mining operation located approximately 25 km southwest of Saskatoon, Saskatchewan. The operation has produced muriate of potash for over 50 years and was Agrium’s flagship potash asset prior to their merger with PotashCorp in 2018. Expansion activities at the mine site resulted in expansion of nameplate capacity to 2.8 million tonnes, compared to 2019 finished potash production of 1.8 million tonnes. However, capacity has been voluntarily reduced by Nutrien in 2019 and most recently in July 2020 to the current 0.7 million tonnes.  Royalty rates for all the potash assets are set by the province of Saskatchewan (3% in 2019), and are the function of the number of tonnes owned under unitization agreements × price × indexed multiplier. See The Subsurface Mineral Royalty Regulations, 2017