Texas Pacific Land plunges after CEO of top shareholder Horizon Kinetics dies

Texas Pacific Land (TPL) closed down 15.6% to a two-month low on Thursday following news that Murray Stahl, CEO of Horizon Kinetics Holding (HKHC) and a Texas Pacific board member, died suddenly on April 7.

Horizon owns ~15% of Texas Pacific’s (TPL) outstanding shares, making it the energy real estate operating company's largest shareholder, according to data compiled by Bloomberg.

"Horizon Kinetics, along with its predecessors, had been TPL's largest shareholder for many decades. Murray believed in the company when it was still a thinly traded, little-known trust that simply owned some land in west Texas," Texas Pacific (TPL) CEO Ty Glover said.

LandBridge (LB), another Horizon holding, slumped 7% on Thursday, but shares of WaterBridge Infrastructure (WBI), another large Horizon holding according to data compiled by Bloomberg, fell only 0.2%; Horizon Kinetics (HKHC) shares plunged 12.7%.

Solaris Secures EIA Technical Approval and Further Strengthens the Balance Sheet, by @GlobeNewswire

ceo.ca

HIGHLIGHTS OF THE PRESS RELEASE:

• EIA Technical Approval Received – Major permitting milestone achieved following a comprehensive multi-year government review, significantly de-risking the Warintza Project
• US$50 million Financing – Receipt of the EIA technical approval triggers the second tranche under the existing US$200 million financing agreement with Royal Gold, further strengthening Solaris’ balance sheet
• Advancing Toward Final Permits – Clear pathway toward a fully permitted project by the end of 2026, uniquely positioning Warintza as a near term globally significant copper development project
  
  
• Solaris Resources (NYSE: SLSR) hat eine nicht verwässernde Finanzierungsvereinbarung über 200 Millionen US-Dollar
  mit Royal Gold gesichert, um sein Kupferprojekt Warintza voranzutreiben. Das Paket besteht aus einem Gold-Streaming und einer NSR-Royalty, wobei 100 Millionen US-Dollar sofort verfügbar sind. Die Finanzierung wird in drei Tranchen ausgezahlt: 100 Mio. US-Dollar sofort, 50 Mio. nach Veröffentlichung der Vorstudie und Genehmigung der Umweltverträglichkeitsprüfung sowie 50 Mio. ein Jahr nach Abschluss. Die Vereinbarung umfasst einen Gold-Stream von 20 Unzen pro 1 Million Pfund Kupferproduktion, wobei Royal Gold 20 % des Spotpreises bis zur Lieferung von 90.000 Unzen zahlt und danach 60 %. Zusätzlich gilt eine NSR-Royalty von 0,3 % (erhöhbar auf 0,6 %) auf die Metallproduktion. Das Paket bietet Flexibilität bei Kontrollwechsel-Szenarien und bewahrt strategische Optionen für zukünftige Projektfinanzierungen.
  

Triple Flag Delivers a Record Start to 2026

TORONTO--(BUSINESS WIRE)--Triple Flag Precious Metals Corp. (with its subsidiaries, “Triple Flag” or the “Company”) (TSX: TFPM, NYSE: TFPM) announced record revenue of US$147.0 million for the first quarter of 2026 from record quarterly metal sales of 30,166 gold equivalent ounces (“GEOs”). All dollar amounts are expressed in US dollars, unless otherwise noted.

“Triple Flag is off to a record start and we are firmly on track to deliver on our 2026 GEOs guidance of 95,000 to 105,000 ounces,” commented Sheldon Vanderkooy, CEO. “Our diversified portfolio achieved key organic growth milestones during the quarter, including a PFS for Arthur in Nevada, a PEA for Kemess in BC and an updated PEA for Gunnison in Arizona. We look forward to an upcoming positive construction decision at Hope Bay expected in May 2026, and continued to advance our active deal pipeline, supported by a strong balance sheet with over $1 billion of available liquidity.”

https://www.businesswire.com/news/home/20260409570940/en/Triple-Flag-Delivers-a-Record-Start-to-2026

TORONTO, April 7, 2026 /CNW/ - Franco-Nevada Corporation ("Franco-Nevada" or the "Company") (TSX: FNV) (NYSE: FNV) notes that its partner, First Quantum Minerals Ltd. ("First Quantum"), announced today that the Government of Panama has formally approved the removal, processing and export of stockpiled ore at the Cobre Panamá mine that was extracted prior to the suspension of operations.

For additional details, please refer to First Quantum's news release dated April 7, 2026.

First Quantum has estimated the total stockpile at approximately 38 million tonnes of mineralized ore at varying grades, containing approximately 70,000 tonnes of recoverable copper. Franco-Nevada estimates that processing of this material will result in deliveries to the Company of approximately 23,000 gold ounces and 265,000 silver ounces, as previously disclosed in Franco-Nevada's 2025 Management's Discussion and Analysis dated March 10, 2026.

Versamet Royalties Acquires Cornerstone Canadian Gold Stream on Eskay Creek

https://www.newsfilecorp.com/release/291231

Transaction Highlights and Strategic Rationale

Robust 3.52% life-of-mine gold stream provides significant exposure to a large, high-quality gold mine located in the prolific Golden Triangle region in British Columbia, Canada: Eskay is set to become a high-grade, low-cost gold and silver mine, expected to produce an average of over 300,000 ounces of gold per year in its first 5 years of operation.1 The Gold Stream is uncapped with no step-downs or buydown provisions providing Versamet with full exposure to future potential mine life extensions from both open pit and underground operations, as well as exploration upside along strike and at depth. Accretive addition of meaningful gold ounces to growth outlook starting in 2027: Construction is 49% complete as of February 28, 2026, with first production expected in Q2 2027.1 The Gold Stream is expected to contribute an average of over 10,000 gold ounces per year to Versamet in the first 5 years of operation. Positioned for premium valuation with increased portfolio exposure to both Canada and gold: Meaningful re-rate potential with attributable GEOs from Canada expected to increase to approximately 50% in 2028 with contributions from some of Canada's newest and largest gold mines, including Eskay, Greenstone and Blackwater.

Transaction Details Upfront Consideration: $360 million in total consideration, comprised of $340 million payable in cash and $20 million in Versamet common shares.

https://royalgold.com/investors/press-releases/press-release-details/2026/Royal-Gold-Provides-2026-Guidance-and-Five-Year-Outlook-and-Announces-Further-Debt-Repayment-and-Publication-of-Asset-Handbook/default.aspx

Vox Royalty Reports Record 2025 Results

News Release

Zitat von Sorgenfrei

https://static1.squarespace.co…+and+Year-End+results.pdf

Martin A. Armstrong (@ArmstrongEcon) auf X

Why this is CATASTROPHICALLY WORSE than most people. Qatar is the world’s 2nd largest LNG exporter. Iran has struck Qatari gas production facilities cutting…

x.com

Zitat von Sorgenfrei

https://static1.squarespace.co…+2205+Q4+and+Year-End.pdf

https://static1.squarespace.com/static/6164cf34a8e54b2e687f89e3/t/69b879eff1ecb30beda90968/1773697519123/20260316+Beacon+TNZ+2025-Q4+and+Year-End+results.pdf

https://mcusercontent.com/ce6cdcce0f47333005dfe221b/files/b9f1b0bf-aa41-1ce6-a401-123d7a00bcec/20260316_GMX_Initiation.pdf

Goehring & Rozencwajg Natural Resource Market Q4 2025 Commentary

https://seekingalpha.com/article/4882613-goehring-and-rozencwajg-natural-resource-market-q4-2025-commentary

Summit Royalties to Combine with Star Royalties to Create a Scaled, High-Growth Royalty Platform

Zitat von Batan1001

http://www.321gold.com/editori…e/captainewave031526.html

https://captainewave.com/wp-content/uploads/2026/03/2026mar15ewgold.png

Zitat von Sorgenfrei

https://www.newsfilecorp.com/release/288041

Tamarack’s Vault Zone: A World-Class Nickel-Copper Discovery Rivaling the Legendary Deposits

Talon Metals Reports Drill Results That Place Minnesota Project Among Global Elite

gcbx.substack.com