Carlin East LLC holds uncapped royalty interests on Nevada's Carlin Trend. These cover several projects owned by Ridgeline Minerals, including the Black Ridge gold project — currently optioned to Nevada Gold Mines — while actively pursuing royalty acquisitions worldwide.
A sizeable Carlin-type gold exploration project being advanced by Nevada Gold Mines — with Carlin East retaining an uncapped 2.5% NSR royalty and area-of-interest rights across the land package.
Located on the Carlin Trend amid the Goldstrike, Leeville–Turf and Meikle–Rodeo operations, Black Ridge covers an under-explored, structurally prospective portion of one of the highest-grade gold districts on earth. It is being advanced by Nevada Gold Mines — the Barrick–Newmont joint venture and the largest gold-producing complex in the world.
Recent operator-reported discoveries and resources adjacent to the Carlin East land position underscore the endowment of the surrounding ground.
Nevada Gold Mines' Ren deposit, with first production slated for 2027, sits ~550 m west of the Bell Creek ground.
A new high-grade gold discovery along the Leeville Structural Corridor, the same trend that projects through the Black Ridge royalty property.
Black Ridge lies along the northern extension of the Leeville Structural Corridor, where multiple recent discoveries have taken place.
Black Ridge, Coyote and Bell Creek claim blocks in the North Carlin Trend, shown with the REN, Fallon and Leeville/Turf deposits, the Sinkhole discovery, the Leeville Structural Corridor and the Carlin Mine Complex. Source: Ridgeline Minerals (NGM earn-in 2025 drilling update), modified from Barrick quarterly reports.
Royalty exposure to the Carlin Trend in Nevada — among the most productive and mining-friendly gold jurisdictions in the world.
Exploration and development fully funded by Nevada Gold Mines and Ridgeline Minerals — no further capital required from Carlin East.
Uncapped NSR royalties provide unlimited exposure to partner-funded gold discoveries with no exposure to inflating capital costs and environmental liabilities.
A group of partners with decades of commercial experience in the royalty sector, with proven track records of disciplined acquisitions and prudent deployment of capital.
Carlin East is actively seeking to acquire royalty interests across a range of metals and minerals worldwide. If you hold a royalty and are considering a sale, we'd like to hear from you.
Carlin East is a private royalty company formed to manage and grow a diverse portfolio of royalty interests.
The company was established by a group of partners with decades of experience in the royalty and streaming sector. Its cornerstone assets are royalties in the northeastern portion of the Carlin Gold District of Nevada. The projects were originally assembled and optioned by the partners and are now being advanced by Nevada Gold Mines and Ridgeline Minerals.
From that cornerstone, Carlin East intends to build a diversified book of royalty interests through disciplined acquisition, prioritizing quality jurisdictions, credible operators and structures that provide unlimited exposure to discovery upside and optionality.
Carlin East is owned and directed by five current partners with decades of combined experience in the royalty business. Two of the partners are highlighted below.
Eric worked for EMX Royalty Corp from 2009 through 2025 managing its various exploration programs around the world, while also providing support for business development and royalty acquisitions. Post-merger with Elemental Royalty Corporation, Eric served as a consultant to Elemental, advising them on business development and acquisition opportunities.
Prior to joining EMX, Eric was a co-founder of Bronco Creek Exploration and served in consulting roles for several major mining companies. His expertise spans the gamut from technical to commercial, with much of his recent work focused on the transactional side of the business — negotiating and executing mineral property agreements as well as assisting due diligence efforts for asset acquisitions.
Eric's technical expertise includes design and management of regional and country-scale exploration programs, and assessment of various mineral deposit types including epithermal, porphyry, IOCG, intrusion-related gold and VMS systems. Eric has a PhD in Economic Geology from the University of Arizona.
Alister brings decades of experience spanning mining investment, capital markets and royalty business development. He spent nearly six years with Altus Strategies and its successor, Elemental Altus Royalties, leading business development as the company grew from a junior AIM-listed royalty generator into a billion-dollar royalty company — culminating in its 2025 combination with EMX Royalty Corporation.
Earlier in his career, Alister was an investment manager with the Sentient Group, a mining-focused private equity fund, where he established the firm's London office in 2013 to manage mining investments across its portfolio and served as a non-executive director of several resource companies. He began in metals and mining as an investment advisor at RBS Morgans.
Alister holds a Bachelor of Commerce from the University of Sydney.
Scaling and diversifying our portfolio by adding high-value assets to our cornerstone Carlin Trend royalties.
Pursue accretive royalty and stream acquisitions worldwide, finding value in assets that have been overlooked by others — leveraging creative financial engineering and our in-house technical expertise.
We give our investors long-term exposure to discovery upside and the ever-increasing value of metals and minerals.
A mining royalty is a right to receive payment for a % of the value of minerals produced from a property — paid by the mine operator to the royalty holder. A Net Smelter Return (NSR) royalty entitles the holder to a % of revenue from metal sales, after deductions for smelting, refining and transportation.
Because an NSR is based on revenue rather than profit, payments stay stable if operating costs rise — and they increase automatically as commodity prices climb. Royalty holders carry no exploration, development or operating costs and no exposure to closure liabilities, yet retain direct exposure to production growth, higher metal prices and discovery optionality. As global demand for metals and minerals grows, these qualities make royalties valuable financial instruments.
We buy royalties.
Sell Us Your RoyaltyThe greater Carlin East land position — 318 contiguous federal lode claims and fee lands totaling 28.3 km² of mineral rights — comprises three distinct royalty positions. Black Ridge is advanced under a Ridgeline–Nevada Gold Mines agreement, while Bell Creek and Coyote remain 100% operated by Ridgeline.
The Black Ridge ground advances under a Ridgeline–Nevada Gold Mines joint venture, with the operator carrying all exploration expenditure.
NGM must spend US$4.5M over a five-year option period to earn a 60% interest in the project.
NGM may earn a further 10% interest by spending an additional US$5M within a subsequent two-year period.
Operator expenditure on the program reported to date under the joint venture.
A 2.5% NSR over a district-scale Carlin-type gold project, in a top-ranked mining jurisdiction.
Nevada Gold Mines is advancing the Black Ridge project — exploration and development risks and costs sit with the operator.
Multiple recent discoveries have been made in the area, with NGM's Ren deposit slated for production in 2027. Ren is just west of the royalty properties.
A mandate to build a diversified royalty book worldwide, led by principals experienced in the sector.
Beyond its founding Nevada royalty, Carlin East is actively building a diversified book of royalty interests — backed by long-term capital and a disciplined, opportunity-led mandate.
We are actively seeking to acquire royalty interests in the US$5–25 million range, with larger acquisitions considered on a syndicate basis.
Our mandate is not limited to gold — we evaluate royalty opportunities across multiple metals and minerals.
We are backed by investors seeking long-term exposure to the remarkable optionality of royalties and the ever-increasing value of metal and mineral resources.
Royalty interests offer exposure to metal/mineral production without the capital intensity of an operator. As the Carlin Trend continues to be explored and developed by the world's largest gold producers, Carlin East's royalty positions stand to benefit.
The company is also positioned to grow through accretive royalty acquisitions, complementing its founding Nevada assets with additional strategic interests.
Request InformationFor royalty acquisitions, partnership inquiries or investor information, reach our team directly.
Forward-looking & resource disclosure. This website contains general information about Carlin East LLC and its royalty interests. Resource figures, grades and operator activity referenced herein are drawn from third-party operator disclosures (including Nevada Gold Mines and Ridgeline Minerals) and relate to the operators' properties; they are not Carlin East mineral resources or reserves and should not be relied upon as such. Mineral exploration and development is inherently uncertain. Nothing on this site constitutes an offer to sell or a solicitation of an offer to buy any security, or investment, legal or tax advice. Royalty terms are summarized for general information and are subject to the underlying definitive agreements.