Royalty Companies

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    Gold Royalty Announces Agreement to Acquire Royalty on Roxgold's Advanced-Stage Séguéla Project
    https://www.prnewswire.com/new…la-project-301249145.html



    Gold Royalty Corp. ("GRC") has agreed to a acquire a 1.2% net smelter royalty ("NSR") royalty on the advanced-stage Séguéla Project for cash consideration of approximately US$15.5 million subject to certain conditions.

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    Metalla Completes Acquisition of Royalty on Eldorado Gold's Tocantinzinho Project, Announces Conversion and Drawdown on Convertible Loan Facility, and Provides Update on ATM Program
    https://www.newswire.ca/news-r…tm-program-845466696.html


    siehe hierzu auch:
    Sailfish Closes Royalty Transaction to Monetize a Portion of the NSR on the Tocantinzinho Gold Project for US$9,000,000


    https://www.newswire.ca/news-r…-9-000-000-811503343.html

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    Positive Drilling Results at Tabakorole Gold Project, Southern Mali

    Altus Strategies Plc (AIM: ALS, TSX-V: ALTS, OTCQX: ALTUF) announces further positive, consistent intersections from reverse circulation (“RC”) drilling at the Tabakorole gold project (“Tabakorole” or the “Project”) located in southern Mali. Altus holds a 49% equity interest and 2.5% Net Smelter Return (“NSR”) royalty on the Project. Exploration activities at Tabakorole are being funded by Marvel Gold Limited (ASX: MVL) (“Marvel Gold”) under its joint venture (“JV”) with Altus.
    https://www.altus-strategies.c…ld-project-southern-mali/

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    VOX CONFIRMS PRICING OF C$15 MILLION OVERNIGHT MARKETED PUBLIC OFFERING AND PROVIDES 2021 DEAL FLOW UPDATE
    ... potential royalty acquisitions that are currently the subject of advanced negotiations that have the potential to be announced in the first half of 2021. •Part of the net proceeds of the Offering will be used by the Company to fund the acquisition of royalties that are the subject of 10 conditional, exclusive letters of intent (“LOIs”) between Vox and royalty vendors;•These 10 potential transactions provide Vox the opportunity to acquire between 20 and 30 additional royalties and expand its global portfolio to 72 royalties and streaming assets (subject to various conditions and the completion of various transactions, and assuming a midpoint of 25 royalties are acquired);•All of these 10 potential transactions have been organically initiated through Vox’s proprietary intellectual property and deal sourcing networks –none of the potential transactions were the subject of brokered sale processes;•The royalties underlying the LOIs span various stable mining jurisdictions, including Australia, Canada, the United States and Chile; and•The LOIs cover a range of precious metal and base metal mining assets located across stable geopolitical jurisdictions
    https://www.voxroyalty.com/_resources/news/nr-20210319.pdf

    Immer mal wieder interessant, die vergleichenden Bewertungen aus den Präsentationen der Unternehmen anzusehen.


    Stichtag 11. Januar:



    Stichtag 01.03.:



    Wie ich es dreh und wende: OR sieht immer noch verdammt günstig im Vergleich aus (Kursentwicklung seit Stichtag müsste man berücksichtigen). Danach SSL, NSR und MMX. (Gleichauf die Basismetall-Royalties wie APF.L und ALS.TO) Bei den längerfristigen/riskanteren stehen VOX und ELE bei mir in der Gunst aktuell weit vor ELY.


    Gruß, GL

    Das Publikum... wendet sich von dem Gebrauche des durch die Umlaufmittelvermehrung kompromittierten Geldes ab, flüchtet zum ... Barrenmetall, zu den Sachwerten, zum Tauschhandel, kurz, die Währung bricht zusammen. (Ludwig von Mises)

    Einmal editiert, zuletzt von GermanLong ()

    Gefällt mir 5

    Royalty Companies haben gegenüber Minenwerte oder gar Explorern viele Vorteile.


    Mein Eindruck ist, dass in letzter Zeit immer mehr Royalty Companies auf den Markt drängen, z. B. NSR, VOX, ELE etc., sie alle wollen dieses sehr lukrative Geschäftsmodell nutzen.


    Dadurch gibt es natürlich deutlich mehr Konkurrenz, v. a. um die lukrativsten Deals. Dadurch kann man sich als Minenbetreiber bessere Deals als früher aushandeln, zumal sich die Minen durch den höheren Goldpreis und die dadurch verbesserten Aussichten auch anderweitig Kapital besorgen können.


    Daher bleibt abzuwarten, ob die Royalty Companies weiterhin so erfolgreich bleiben


    Schließlich gibt es ja nicht unendlich viele lohnenswerte Projekte, die sich für Deals anbieten.

    Mein Eindruck ist so dass die Minenbetreiber eher mehr zu Royaltyverträgen neigen ,zum einen sind ggü einem PP die Folgen oft erst viele Jahre später sichtbar. zum anderen werden die Miner auch durch fortgesetzte PP weit unter Kurs, inkl billigen Optionen oder Knebelverträge bei Überschreitung der Aufbaukosten stark geschädigt. Hieraus resultieren auch einige Vorwärtsverkäufe an Kreditgeber. Ganz zu Schweigen von den allg. Kosten eines PP Gebühren auf hohem Niveau. Wenn eine Fa 10 Mio PP verkündet hat sie keineswegs 10 Mio mehr in der Kasse.

    Tretminen reissen ein Bein ab, Wasserminen versenken Schiffe, Goldminen vernichten viele Anleger. :!:

    Einmal editiert, zuletzt von Lexus ()

    Gefällt mir 1
    Zitat von Lexus

    Mein Eindruck ist so dass die Minenbetreiber eher mehr zu Royaltyverträgen neigen ,zum einen sind ggü einem PP die Folgen oft erst viele Jahre später sichtbar. zum anderen werden die Miner auch durch fortgesetzte PP weit unter Kurs, inkl billigen Optionen oder Knebelverträge bei Überschreitung der Aufbaukosten stark geschädigt. Hiersaus resultieren auch einige Vorwärtsverkäufe an Kreditgeber. Ganz zu Schweigen von den allg. Kosten eines PP Gebühren auf Hohem Niveau. Wenn eine Fa 10 Mio PP verkündet hat sie keineswegs 10 Mio mehr in der Kasse.

    Ja eben. Finanzierung gegen Royalty = keine Verwässerung, kein aufgezwungenes Hedging.
    Der Royalty-Finanzgeber hat das Preisrisiko beim jeweiligen Rohstoff. Aber nur dieses, und das auch aufwärts.
    Win-win. Wenn es kein dauerhaft fallender Markt ist. Aber dann haben eh beide verloren.
    Gruß, GL

    Das Publikum... wendet sich von dem Gebrauche des durch die Umlaufmittelvermehrung kompromittierten Geldes ab, flüchtet zum ... Barrenmetall, zu den Sachwerten, zum Tauschhandel, kurz, die Währung bricht zusammen. (Ludwig von Mises)

    Gefällt mir 1
    • Offizieller Beitrag
    Zitat von Lexus

    Wenn eine Fa 10 Mio PP verkündet hat sie keineswegs 10 Mio mehr in der Kasse.

    Die Gebühren etc. sollen sich fallweise bis auf 50% der Summe belaufen haben!


    LF

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    EMX, Gold Line Resources and Agnico Eagle Execute Acquisition and Royalty Agreement for the Oijärvi and Solvik Gold Projects
    EMX Royalty Corporation (NYSE American: EMX) (TSXV: EMX) (FSE: 6E9) (the "Company" or "EMX") is pleased to announce the execution of a definitive agreement (the "Agreement") with Gold Line Resources Ltd. (TSXV: GLDL) ("Gold Line") and Agnico Eagle Mines Limited. (NYSE: AEM) (TSX: AEM) ("Agnico"), by which Gold Line will acquire Agnico's Oijärvi Gold Project located in central Finland and the Solvik Gold Project located in southern Sweden (collectively, the "Projects") for an aggregate purchase price of US$10 million comprised of cash and shares of each of Gold Line and EMX (see Figure 1). Agnico will retain a 2% net smelter return ("NSR") royalty on the Projects, 1% (half) of which may be purchased at any time by EMX for US$1 million. As a result of the Agreement, Agnico will become a shareholder of EMX and Gold Line, and EMX will increase its equity holdings in Gold Line and receive staged cash payments from Gold Line.



    https://www.newsfilecorp.com/release/77985

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    Potential New Zone Discovered at the Tabakorole Gold Project, Southern Mali

    Altus Strategies Plc (AIM: ALS, TSX-V: ALTS, OTCQX: ALTUF) announces final results from a 6,300m reverse circulation (“RC”) drilling programme at the Tabakorole gold project (“Tabakorole” or the “Project”) located in southern Mali. The results include the discovery of a potential new parallel zone of mineralisation, as well as an extension of the current strike length of the Project. Altus holds a 49% equity interest and 2.5% Net Smelter Return (“NSR”) royalty on the Project. Exploration activities at Tabakorole are being funded by Marvel Gold Limited (ASX: MVL) (“Marvel Gold”) under its joint venture (“JV”) with Altus.


    Highlights:

    • RC drilling discovers potential parallel zone at Tabakorole gold project in southern Mali
    • Intersections from 20 RC holes (2,760m) including (down-the-hole and not true width):

      • 2.0 g/t over 16m from 75m (potential new parallel zone, 50m east of the deposit)
      • 5.8 g/t over 6m from 61m (anticipated to improve the modelled grade of the deposit)
      • 2.0 g/t over 15m from 25m (extending the deposit strike length to the northwest)
      • 1.5 g/t over 28m from 121m


    • Project hosts a mineral deposit for which a Mineral Resource Estimate (“MRE”) has been generated (see Altus’ news release dated 30 September 2020 and titled “Substantial Increase in Gold Resource at Tabakorole Project, Southern Mali”), comprising:

      • 16,600,000 tonnes at 1.2 g/t Au for 620,000 ounces in the Inferred category
      • 7,300,000 tonnes at 1.2 g/t Au for 290,000 ounces in the Indicated category


    • Results from an additional five diamond drill holes to infill the MRE are expected in April
    • 6,000m aircore (“AC”) drilling programme underway to test potential strike extension
    • Altus holds a 2.5% NSR royalty on Tabakorole gold production

    https://www.altus-strategies.c…ld-project-southern-mali/



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    Maverix Announces Record Financial Results for 2020
    Full Year 2020 Financial Highlights

    • Record revenue of $51.7 million;
    • Record cash flow from operating activities, excluding changes in non-cash working capital, of $36.5 million1;
    • Record gold equivalent ounces ("GEOs") sold of 28,9161;
    • Average cash cost per GEO of $174, resulting in a cash operating margin of 90% or $1,613 per ounce1; and
    • Record net income of $23.7 million, including a one-time gain on an amendment of a royalty interest, and adjusted net income of $15.6 million1.

    Fourth Quarter 2020 Financial Highlights

    • Record revenue of $16.6 million;
    • Record cash flow from operating activities, excluding changes in non-cash working capital, of $11.5 million1;
    • Record GEOs sold of 8,8361;
    • Average cash cost per GEO of $184, resulting in a cash operating margin of 90% or $1,691 per ounce1; and
    • Net income of $5.3 million and adjusted net income of $6.3 million1.

    Dan O'Flaherty, CEO of Maverix, commented, "Maverix delivered another successful year in 2020 with revenue increasing over 50% from 2019, demonstrating the strength of our diverse, high-quality portfolio of precious metals royalty and stream interests. We look forward in 2021 and beyond, to organic growth from our existing portfolio while continuing to focus on adding value through additional royalty and stream acquisitions. Our capital position has never been stronger, as we are now debt free and have access to the full $120 million available under our credit facility, while holding approximately $55 million in cash and marketable securities. Finally, the recent inclusion in the GDXJ is another milestone for the Company, reflecting the successful execution of our business strategy thus far."
    https://www.prnewswire.com/new…s-for-2020-301253390.html

    Taylor Dart (SA) on
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    It`s easy to be enamored by GRC's massive attributable resources, but there are several flaws with this story, with the main one being that 90% of projects are tied to a single operator without a singular focus. The second issue is that it's hard to argue any of these projects are special enough to become mines at current metals prices, and even if they are, GoldMining doesn't have ambitious plans to advance them to a production decision (at least based on FY2021 plans). While the Seguela transaction helps, it doesn't come near justifying the current valuation, which is above that of Ely Gold Royalties, even though they have a much more impressive Tier-1 focused project portfolio. Therefore, I would focus on other names in the junior royalty/streaming space and not pay up for Gold Royalty Corporation.
    https://seekingalpha.com/artic…ock-is-expensive#comments

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    EMX Royalty Options Two Arizona Copper Projects and One Idaho Gold Project to Zacapa Resources
    - EMX Royalty Corporation (NYSE American: EMX) (TSXV: EMX) (FSE: 6E9) (the "Company" or "EMX") is pleased to announce the execution, by its wholly-owned subsidiary Bronco Creek Exploration Inc., of an exploration and option agreement (the "Agreement") for the Red Top, Ripsey West, and Miller Mountain projects (the "Project" or "Projects") in North America with Zaya Resources, Ltd. ("Zaya"), a wholly-owned subsidiary of Zacapa Resources Ltd. ("Zacapa"), a privately held British Columbia corporation. The Red Top and Ripsey West Projects occur in central Arizona's Laramide copper belt, and the Miller Mountain Project is located within the regionally mineralized Trans-Challis fault zone of west-central Idaho. The Agreement provides EMX with a 9.9% equity interest in Zacapa, a 2.50% production royalty for Red Top and Ripsey West, a 3.5% production royalty for Miller Mountain, and for each Project advance royalty and milestone payments.



    https://www.newsfilecorp.com/release/78357

    Metalla Announces Two Separate Royalty Acquisitions on the Alturas-Del Carmen & Amalgamated Kirkland Projects and Closes CentroGold Royalty Acquisition
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    Metalla Royalty & Streaming Ltd. ("Metalla" or the "Company") (NYSE American: MTA) (TSXV: MTA) is pleased to announce it has completed the acquisition of an existing 0.5% NSR Royalty on a portion of Barrick Gold's ("Barrick")(NYSE: GOLD)(TSX: ABX) Alturas-Del Carmen Project ("Del Carmen") for a total consideration of C$1.6 million in cash from Coin Hodl Inc (TSXV: COIN).
    In addition, Metalla has completed the acquisition of an existing 0.45% NSR Royalty on Agnico Eagle Mines' ("Agnico Eagle")(NYSE: AEM)(TSX: AEM) Amalgamated Kirkland ("AK Property") and Kirkland Lake Gold's ("Kirkland Lake")(NYSE: KL)(TSX: KL) North AK Property ("North AK") located in Kirkland Lake, Ontario, for C$0.7 million in cash from private third parties.
    https://www.newswire.ca/news-r…cquisition-895027384.html

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