Royalty Companies

    Zitat von Centurion

    Und das nächste IPO. Triple Flag versucht es zum zweiten Mal mit einem Börsengang.


    https://www.tripleflagpm.com/f…reliminary-Prospectus.pdf

    Ist das nicht schon der dritte Anlauf?

    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)

    Taylor Dart (SA) Folgeartikel zu Gold Royalty:


    Gold Royalty Corp.: A Lofty Valuation For No Producing Assets


    Summary

    • Gold Royalty Corp. is up more than 40% since its IPO debut in March, massively outperforming most of its royalty/streaming peers.
    • However, unlike its peers, Gold Royalty Corp. has no assets that are currently in production, and is not generating any meaningful revenue.
    • Worse, the company's one deal that looked like it could generate revenue starting in FY2023 was not completed, with it instead sold to Franco-Nevada.
    • While cash-rich, Gold Royalty Corp. is still trading at a ~$123 million valuation pre-revenue, a lofty price to pay for a name with no clear path to generating any meaningful revenue in the next two years.

    https://seekingalpha.com/artic…n-for-no-producing-assets



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    Sailfish Receives Remaining US$3 Million from the Monetization of a Portion of the NSR on the Tocantinzinho Gold Project and Receives First Delivery from the San Albino Gold Stream


    TORTOLA, British Virgin Islands, May 12, 2021 /CNW/ - Sailfish Royalty Corp. (TSXV: FISH) (OTCQX: SROYF) (the "Company" or "Sailfish") is pleased to announce that, further to its news release dated March 17, 2021, it has received the remaining US$3 million in connection with the royalty transfer agreement (the "Transaction") whereby a post-buy-down interest of 0.75% of the Company's up to 3.5% NSR held on the Tocantinzinho gold project located in northern Brazil has been transferred to Metalla Royalty & Streaming Ltd. The Company has now received full payment of the US$9 million in purchase consideration in connection with the Transaction.
    Additionally, Sailfish is pleased to announce that it has received the first delivery from its gold stream equivalent to a 3% NSR on the San Albino gold project located in northern Nicaragua.
    Cesar Gonzalez, Chief Executive Officer of Sailfish states that, "the receipt of the final cash payment from the Transaction and the first delivery from the San Albino gold stream will further bolster the Company's balance sheet and provide the means to continue repurchasing shares, facilitate the planned spinout of the Gavilanes silver property and explore paying a dividend."
    https://www.newswire.ca/news-r…old-stream-873516185.html



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    Maverix Announces First Quarter 2021 Results and Increases Dividend by 25%

    https://www.prnewswire.com/new…dend-by-25-301291489.html




    First Quarter 2021 Highlights

    • Revenue of $13.1 million;
    • Cash flow from operating activities, excluding changes in non-cash working capital, of $9.0 million1;
    • Gold equivalent ounces ("GEOs") sold of 7,3021;
    • Average cash cost per GEO of $223, resulting in a cash operating margin of 88% or $1,568 per ounce1;
    • Net income of $14.8 million, including one-time gains on a partial buy back of the Hope Bay royalty interest and conversion of a debenture;
    • Adjusted net income of 5.0 million1;
    • Received a cash payment of $50 million from Agnico Eagle Mines Limited ("Agnico") for the partial buy back of 1.5% of Maverix's royalty on the Hope Bay mine;
    • Fully repaid the outstanding amount on Maverix's revolving credit facility, leaving the Company debt free;
    • Increased the silver stream on the El Mochito mine from 22.5% to 27.5%; and
    • Added to the VanEck Vectors Junior Gold Miners ETF ("GDXJ") in March 2021.

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    EMX Royalty Announces First Quarter 2021 Results
    https://www.newsfilecorp.com/release/84396


    HIGHLIGHTS FOR Q1-2021
    Financial Update
    All dollar amounts in this news release are Canadian dollars (CDN) unless otherwise noted.

    • EMX ended the three-month period at March 31, 2021 with a balance sheet including cash and cash equivalents of $49,200,000, investments, strategic investments, receivables, and loans receivable valued at $24,197,000, and no debt.


    • EMX had revenue of $1,298,000 which includes royalty income, other property income including income from the sale or option of property interests and management fees, and interest and dividends earned on cash and investment balances. Included in revenues was royalty income of $392,000 and $398,000 for the fair value of equity positions received on the sale and option of property interests. Revenues for Q1-2021 increased compared to Q1-2020 with an increase in option and other property income, and dividend income offset by a decrease in interest income.


    • Royalty generation costs totaled $4,027,000 of which the Company recovered $2,740,000 from partners.


    • General and administrative expenses totaled $1,851,000 which includes $985,000 in salaries and consultants, $274,000 in administrative costs, $213,000 in professional fees, $187,000 in transfer agent and filing fees, $20,000 in travel, and $172,000 in investor relations costs. General and administrative costs can fluctuate from period to period depending on activity and timing of comparable costs.


    • For the quarter, the Company had a net loss from operations of $2,648,000 including $255,000 in depletion and depreciation costs, and $542,000 in share-based compensation. Other items affecting net loss and financial results in Q1-2021 include a realized gain of $441,000 on the sale of marketable securities, the Company's share of income in an associated entity of $221,000, a fair value loss on investments of $1,321,000, and a foreign exchange adjustment of $1,117,000. The foreign exchange adjustment was a direct result of holding USD cash and net assets denominated in USD.

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    Sailfish Updates Mineral Resource Estimate for the Gavilanes Silver Project; Highlighted by an Inferred Resource of 22.4 Million oz AgEq at 245.6 g/t AgEq
    https://www.newswire.ca/news-r…6-g-t-ageq-815673134.html


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    Highlights

    • The updated mineral resource estimate of 22.4 million ounces ("oz") of silver equivalent ("AgEg") at 245.6 AgEq (see Exhibit 1) is comprised of the following metals:

      • 18.9 million oz of silver ("Ag") at 207 g/t Ag
      • 13,700 oz of gold ("Au") at 0.15 g/t Au
      • 7.8 million pounds ("lbs") of copper ("Cu") at 0.12% Cu
      • 37.9 million lbs of lead ("Pb") at 0.61% Pb
      • 27.2 million lbs of zinc ("Zn") at 0.43% Zn
    • More than 84% of the AgEq mineral resource estimate is Ag only
    • The resource is all within 330 meters ("m") of surface and remains open along strike and at depth
    • Only three veins (Guadalupe-Soledad, San Nicolas and Descubridora) are included in the updated mineral resource estimate (see Exhibit 2)
    • Several nearby veins with similar surface geochemistry (El Muerto, La Tuna, La Cruz) or geologic characteristics (Veta 1 and Providencia) have been mapped but not yet drill tested (see Exhibit 2)

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    Abitibi Royalties Acquires Additional Royalties on the Malartic South Project
    Abitibi Royalties Inc. (TSXV: RZZ) (OTC: ATBYF) ("Abitibi Royalties" or the "Company") is pleased to announce that it continues to build its royalty presence throughout the Malartic mining region in Québec. The Company has entered into two agreements with Eagle Ridge Mining Ltd. ("Eagle Ridge", formerly Tamarack Gold Resources Inc.) involving royalties located south of the Canadian Malartic Mine (the "Malartic South Property") (Fig. 1 and 2). The first agreement amends a previous royalty, increasing Abitibi Royalties' interest in the Malartic South Property from a 2% to 3% NSR ("Net Smelter Royalties") on certain claims (see press release dated May 28, 2020). The second agreement expands Abitibi Royalties' NSR to the south with a new 2.5% royalty and 15% of any gross proceeds (cash and shares) should the property be sold or joint ventured. The purchase price paid by the Company totals CDN$26,500, which will be paid in cash.



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    https://www.newsfilecorp.com/release/84398

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    Vox to Monetize Non-Core Graphite Royalties for C$2.9M & Partner with Electric Royalties
    https://www.newswire.ca/news-r…-royalties-870194770.html


    The portfolio consists of a 2.5% gross concentrate sales royalty on graphite production at the Graphmada Graphite Mining Complex ("Graphmada") in Madagascar and a 0.75% Gross Revenue Royalty on the Yalbra graphite exploration project ("Yalbra") in Western Australia. Total consideration for the transaction is C$2,850,000 in shares of Electric Royalties and a C$50,000 cash non-refundable exclusivity payment.

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    New Copper, Tin & Zinc Projects Granted in Morocco


    Altus Strategies Plc (AIM: ALS, TSX-V: ALTS, OTCQX: ALTUF) announces the granting of three new distinct exploration projects as well as exploration licences adjacent to existing projects (the “Projects”) totalling 221 km2 in the Kingdom of Morocco (“Morocco”). The Projects were awarded to the Company’s 100% owned subsidiary, Aterian Resources Limited, as part of a competitive tender process.
    Highlights:

    • New projects granted totalling 221 km2 in central Morocco
    • Projects considered highly prospective for copper, tin and zinc
    • Morocco portfolio enlarged to ten projects totalling 675 km2
    • Further project applications submitted across key mineralised belts in Morocco
    • Exploration programmes on new projects to commence shortly

    https://www.altus-strategies.c…jects-granted-in-morocco/
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    Die Probleme bei Relief Canyon von Americas Silver Corp./ USA, USAPF (TSX, OTC) dürften Royalties von SAND und RGLD betreffen.


    Bei SAND sind es lt. Meldung aus 2019 fixierte (!) 32022 Oz Gold in den ersten 5,5 Jahren (=5822 Oz p.a.). Das seien 7 bzw. 9% der Produktion an GEOs in 2020 und 2021. Daran passiert nix, das kostet nur USAS.


    Danach ein 4% Stream. 4% der ursprünglich prognostizieren 91.000 jährlichen Oz im Schnitt wären 3640 Oz. Nur der Stream wäre von niedrigerer Produktion gemindert, falls die Probleme nicht gelöst werden. Der Stream macht einen geringeren Anteil an der gesamten Produktion von SAND aus als die 7-9%.


    Ansonsten war SAND bei USAS noch mit 7,5 Mio USD in Aktien und 10 Mio USD in einer Wandelanleihe eingestiegen. Hinzu kommen Royalty-Rechte im Umfeld des Relief Canyon-Bergwerks.



    Bei RGLD ist eine 2% NSR über 69% der Ressourcen(fläche) betroffen.


    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 2

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    Vox Provides Development Updates From Operating Partners

    https://www.newswire.ca/news-r…g-partners-885540699.html

    Riaan Esterhuizen, Executive Vice President – Australia stated, "We are excited to share another month of highly productive operator newsflow particular to some of our development stage royalties. These updates include A$20 million raised to fund construction, commencement of early-works, significant statutory permitting progress, over 30,000m of planned drilling on our royalty properties and numerous high-grade gold and silver drilling results. The value of Vox's portfolio of 50 royalties and streams continues to organically re-rate with each month of operator success."

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    Drilling Commences at Diba Gold Project, Western Mali

    https://www.accesswire.com/648…Gold-Project-Western-Mali


    Highlights:

    • Combined 17,500m RC & AC drilling programme at the Diba gold project in western Mali
    • 10,000m RC programme designed to:

      • test the high grade zone within the Diba deposit, where previous intersections include 3.34 g/t Au over 60m from 17m (including 13.60 g/t Au over 9m) and 43.83 g/t Au over 5m from surface (not true width of intervals)
      • expand the current Mineral Resource Estimate ("MRE") at the Diba deposit
      • extend strike and down dip extensions of the Diba NW discovery


    • 7,500m AC programme designed to:

      • test the northern strike of the Diba NW discovery (800m from Diba deposit)
      • evaluate artisanal workings at the Diba Far East prospect (7km from Diba deposit)


    • Additional targets defined by 48km2 ground magnetic survey to be drill tested


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    Vox Royalty Reports Q1 2021 Results
    https://www.newswire.ca/news-r…21-results-842193866.html



    Kyle Floyd, Chief Executive Officer stated: "The first quarter of 2021 marked another milestone for Vox as it reported record revenues. The Company is well on track to achieve its previously announced 2021 royalty revenue guidance of C$1.7M to C$2.5M. The embedded organic growth in our portfolio of 50 royalty assets continues to build. Every month our shareholders are benefiting from exploration successes, fast-tracking of development and production increases on our royalty properties. The coming quarters have strong potential to be the most productive in Vox's seven year history."
    First Quarter 2021 Highlights
    Record revenue of $539,980 and gross profit of $479,271 reported for the quarter, with inaugural revenues received from the Koolyanobbing royalty;

    • Increased producing royalty asset count from one asset at May 2020 listing to four assets by Q1 2021 quarter-end;
    • Strong balance sheet position at period end, including cash on hand of $10,723,135, working capital of $9,117,150 and total assets of $29,024,889;
    • Completed three portfolio transactions to acquire an additional ten royalties, reaching a total critical mass of 50 royalties and streams;
    • Completed an overnight marketed public offering for aggregate gross proceeds of C$16.85M;
    • Subsequent to March 31, 2021:
    • Announced a strategic partnership with Electric Royalties Limited (TSX-V: ELEC) and the potential divestment of two non-core graphite royalties for C$2.9M; and
    • The Company appointed PricewaterhouseCoopers LLP as their auditors effective April 30, 2021.

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