Beiträge von Sorgenfrei

  • I-80 Gold Corp./ IAU, IAUX (TSX, ASE)

    i-80 Gold Provides Comprehensive 2023 Exploration & Development Update
    https://www.prnewswire.com/new…ent-update-301787957.html
    RENO, Nev., April 3, 2023 /PRNewswire/ - i-80 GOLD CORP. (TSX: IAU) (NYSE: IAUX) ("i-80", or the "Company") is pleased to provide an update on the Company's exploration and development programs at its Ruby Hill, Granite Creek, Lone Tree, McCoy-Cove and Buffalo Mountain Properties as well as the results of the initial cost estimate for the refurbishment of the Lone Tree. Continued success in the early part of the 2023 exploration campaign at the Company's 100%-owned Ruby Hill Property ("Ruby Hill" or "the Property") located in Eureka County, Nevada highlights the substantial upside at the Company's flagship project with multiple new zones of both Carlin-type gold and Carbonate Replacement Deposit (CRD) type mineralization having been discovered in the early part of the program.


    Key initiatives for each project include:

    • Ruby Hill Property – Major drill program underway, Preliminary Economic Assessment (PEA) being completed for the underground gold mineralization, permitting ongoing for underground development, detailed metallurgical work and processing plan under development
    • Granite Creek Property – Underground development progress, mining rate increasing, economic studies and revised resource estimate being completed
    • Lone Tree Property – Cost estimate for the restart of the autoclave facility completed and work on the Class III Engineering (detailed engineering) Study underway, Ongoing residual leach program
    • McCoy-Cove Property – Underground development progress to more than 70% completion, ~40,000 metre underground drill program underway
    • Buffalo Mountain Property – Drilling program completed in late 2022, assessing potential for an open pit mining operation

    .
    [Blockierte Grafik: https://mma.prnewswire.com/media/2045937/i_80_Gold_Corp_i_80_Gold_Provides_Comprehensive_2023_Exploration.jpg?w=350]Figure 1 – Hilltop Fault Structure Drilling (CNW Group/i-80 Gold Corp)[Blockierte Grafik: https://mma.prnewswire.com/media/2045940/i_80_Gold_Corp_i_80_Gold_Provides_Comprehensive_2023_Exploration.jpg?w=350]Photo 1 – East Hilltop CRD Discovery – Massive Sulphide Mineralization in Hole iRH23-10 (CNW Group/i-80 Gold Corp)[Blockierte Grafik: https://mma.prnewswire.com/media/2045942/i_80_Gold_Corp_i_80_Gold_Provides_Comprehensive_2023_Exploration.jpg?w=350]Photo 2 – Sulphide Breccia in Hole iRH23-09 (CNW Group/i-80 Gold Corp)[Blockierte Grafik: https://mma.prnewswire.com/media/2045943/i_80_Gold_Corp_i_80_Gold_Provides_Comprehensive_2023_Exploration.jpg?w=350]Photo 3 – Carlin-type mineralization in Hole iRH23-09 (CNW Group/i-80 Gold Corp)[Blockierte Grafik: https://mma.prnewswire.com/media/2045938/i_80_Gold_Corp_i_80_Gold_Provides_Comprehensive_2023_Exploration.jpg?w=350]Figure 2 – Section Along Hilltop Structure (CNW Group/i-80 Gold Corp)[Blockierte Grafik: https://mma.prnewswire.com/media/2045944/i_80_Gold_Corp_i_80_Gold_Provides_Comprehensive_2023_Exploration.jpg?w=350]Photo 4 – Massive Sulphide Discovery in Hole iRH23-09 (CNW Group/i-80 Gold Corp)[Blockierte Grafik: https://mma.prnewswire.com/media/2045939/i_80_Gold_Corp_i_80_Gold_Provides_Comprehensive_2023_Exploration.jpg?w=350]Figure 3 – Granite Creek Property Location (CNW Group/i-80 Gold Corp)[Blockierte Grafik: https://mma.prnewswire.com/media/2045941/i_80_Gold_Corp_i_80_Gold_Provides_Comprehensive_2023_Exploration.jpg?w=350]Figure 4 – Surface Plan of Buffalo Mountain & Lone Tree (CNW Group/i-80 Gold Corp)

  • Royalty- und Streamingfirmen für Rohstoffe und Energie

    Ecora Resources PLC Announces Director/PDMR Shareholding

    https://www.accesswire.com/747…DirectorPDMR-Shareholding
    LONDON, UK / ACCESSWIRE / April 3, 2023 / Ecora Resources PLC ("Ecora" or the "Company") (LSE:ECOR)(TSX:ECOR)(OTCQX:ECRAF) has received notification of the following transactions by Mr. Bishop Lafleche, Chief Executive Officer of the Company, Mr. Flynn, Chief Financial Officer of the Company and Mr. Dacomb, Non-Executive Director of the Company.
    From 29 March 2023 to 30 March 2023, Mr. Bishop Lafleche acquired 70,000 ordinary shares of 2 pence each in the Company ("Shares") at an average approximate price of 124.26p per share.
    From 29 March 2023 to 30 March 2023, Mr. Dacomb acquired 15,937 Shares at an average approximate price of 122.14p per share.
    On 30 March 2023, Mr. Flynn acquired 33,944 Shares at a price of 127.00p per share.


  • Wirtschaftskrise 2019+ und eure Berichte

    [Blockierte Grafik: https://www.tech-for-future.de/wordpress/wp-content/uploads/2021/05/Strompreise-weltweit.png]

  • Agnico-Eagle Mines / AEM (TSX, NYSE)

    AGNICO EAGLE COMPLETES ACQUISITION OF YAMANA'S CANADIAN ASSETS


    https://www.prnewswire.com/new…ian-assets-301787229.html


    TORONTO, March 31, 2023 /PRNewswire/ - Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) ("Agnico Eagle" or the "Company") is pleased to announce the successful completion of the previously announced plan of arrangement (the "Arrangement") pursuant to which Agnico Eagle has acquired certain subsidiaries and partnerships which hold Yamana Gold Inc.'s ("Yamana") interests in its Canadian assets, including the Canadian Malartic mine. As part of the Arrangement, Pan American Silver Corp. has acquired all the issued and outstanding common shares of Yamana.


    With the completion of the Arrangement, the Company now owns 100% of the Canadian Malartic mine, 100% of the Wasamac project located in the Abitibi region of Quebec and several other exploration properties located in Ontario and Manitoba. Over the last 18 months, the Company has solidified its presence in the Abitibi gold belt, a region of low political risk and high geological potential, and where it has a strong competitive advantage from having operated there for over 50 years. The Company's production in the Abitibi gold belt is forecast to be approximately 1.9 million ounces to 2.1 million ounces of gold per year through 2025. In addition, the Company has the unique ability to monetize future additional mill capacity at the Canadian Malartic mine, given its extensive operations and strategic land position in the region.

  • Pan American Silver Corp./ PAAS (NASDAQ)

    Pan American Silver Completes Acquisition of Yamana Gold


    https://www.businesswire.com/news/home/20230330005871/en/


    VANCOUVER, British Columbia--(BUSINESS WIRE)--Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) ("Pan American" or the "Company") and Yamana Gold Inc. (TSX: YRI; NYSE: AUY; LSE: AUY) ("Yamana") are pleased to announce that Pan American has completed its previously announced acquisition of all of the issued and outstanding common shares of Yamana ("Yamana Shares"), following the sale by Yamana of its Canadian assets, including certain subsidiaries and partnerships which hold Yamana’s interests in the Canadian Malartic mine, to Agnico Eagle Mines Limited ("Agnico Eagle"), by way of a plan of arrangement (the "Arrangement") under the Canada Business Corporations Act...

  • Sandstorm Gold / SSL,SAND (TSX,USC)

    Sandstorm Gold Royalties Declares 2023 Second Quarterly Dividend

    https://www.prnewswire.com/new…y-dividend-301787013.html


    VANCOUVER, BC, March 31, 2023 /PRNewswire/ - Sandstorm Gold Ltd. ("Sandstorm Gold Royalties", "Sandstorm" or the "Company") (NYSE: SAND) (TSX: SSL) is pleased to announce that its Board of Directors has declared the Company's second quarterly cash dividend for 2023 in the amount of C$0.02 per common share to shareholders of record as of the close of business on April 18, 2023. The dividend will be paid on April 28, 2023. The dividend qualifies as an "eligible dividend" as defined in the Income Tax Act (Canada).

  • Generation Mining / GENM (TSX)

    Generation Mining Delivers Updated Feasibility Study for Canada’s Next Critical Mineral Mine - the Marathon Palladium-Copper Project
    https://www.businesswire.com/news/home/20230330005863/en/


    After-Tax NPV6% $1.16 Billion, IRR of 26%, Payback 2.3 years


    [Blockierte Grafik: https://mms.businesswire.com/media/20230330005863/en/1752712/4/GenerationMining1.jpg?download=1]
    Project Cash Flow (After-Tax) (Graphic: Business Wire)


    TORONTO--(BUSINESS WIRE)--Generation Mining Limited (TSX: GENM; OTCQB: GENMF) (“Gen Mining” or the “Company”) is pleased to announce positive results on the updated Feasibility Study (“2023 FS” or the “Feasibility Study”) for the Marathon Palladium-Copper Project (the “Project”) located near the Town of Marathon in Northwestern Ontario. The 2023 FS presents an optimized design for the Project with improved clarity on anticipated capital and operating costs in the current inflationary environment. The 2023 FS outlines the operation of an open pit mine and process plant over a mine life of 12.5 years and replaces the Company’s March 2021 Feasibility Study (the “2021 FS”).
    All dollar amounts are in Canadian dollars unless otherwise stated. All references to Mlbs are to millions of pounds and Moz are to millions of ounces and koz are to thousands of ounces.
    Highlights:

    • Robust economics1: An after-tax Net Present Value (“NPV”) at a 6% discount rate of $1.16 billion and Internal Rate of Return (“IRR”) of 25.8% based on a long-term price of US$1,800/oz for palladium and US$3.70/lb for copper
    • Quick payback period on Initial Capital2,3: 2.3 years
    • Initial Capital: $1,112 million ($898 million net of equipment financing and pre-commercial production revenue), an increase of 25% from the 2021 FS
    • Low Operating Costs and attractive AISC: Life of mine (“LOM”) average operating costs of US$709/PdEq oz and all-in sustaining costs (“AISC”) of US$813/PdEq oz 3 . Operating costs have increased 14% compared with the 2021 FS.
    • Increased Mineral Reserve Estimate: an increase of 8.5% in Mineral Reserves tonnages and a decreased open pit strip ratio
    • Optimized operation: increased process plant throughput and improved metallurgical recoveries over LOM
    • Average annual payable metals: 166 koz palladium, 41 Mlbs copper, 38 koz platinum, 12 koz gold and 248 koz silver
    • LOM payable metals: 2.1 Moz palladium, 517 Mlbs copper, 485 koz platinum, 158 koz gold and 3.2 Moz silver
    • Strong cash flows in first three years of production following commercial production: $851 million of free cash flow 3 , 580 koz of payable palladium and 132 Mlbs of payable copper
    • Jobs: Creation of over 800 jobs during construction jobs and over 400 direct permanent jobs during operations

    Jamie Levy, President and CEO of the Company, commented,
    “This updated Feasibility Study underscores just how robust the Marathon Project is, even in the current inflationary environment. This, combined with strong demand for critical minerals, makes the rationale for the Project becoming Canada’s next critical minerals mine more compelling than ever before. With the receipt of our Environmental Assessment approvals and our recently announced indicative offtake term sheets, we are advancing to arrange Project financing and working hard to obtain the permits necessary to start construction. The Project promises to be a near-term sustainable, environmentally sensitive, low-cost producer of critical metals that Canada and the rest of the world desperately need. On a copper equivalent basis, the Marathon Project, once in production, is expected to be one of the lowest CO2 equivalent intensity mines in the world. The metals we plan to produce will not only support emissions controls and the transition to a greener economy in Ontario and Canada, but they will also support job creation and economic prosperity for local, regional, and national stakeholders, in particular the First Nation community of Biigtigong Nishnaabeg and the Town of Marathon.”

  • Luca Mining (Luca.V), vorher: Altaley Mining / ATLY (CVE), alter Name: Telson Mining / TSN (CVE)

    Luca Mining Corp. Announces an All-In $33M Financing Package
    https://ceo.ca/@thenewswire/lu…s-an-all-in-33m-financing


    Luca Mining Corp. (the “Company” or“Luca”, formerly Altaley Mining Corporation) is pleased toannounce an overall financing package of up to CAD $33,200,000 (the“Financing Package”) in place of the previously proposedrights offering (the “Rights Offering”) (see theCompany’s news release dated December 6, 2022). The FinancingPackage is comprised of a private placement and two strategic debtsettlements, as described below.
    FinancingHighlights

    • Strengthening the Company’s balance sheetthrough a strategic debt conversion of approximately CAD$8,000,000with its offtake partner Trafigura and CAD$4,900,000 with its leadinvestor Calu Opportunity Fund LP.
    • Private placement, toraise gross proceeds of up to approximately CAD $20.3 million
    • Net proceeds will allow the Company to complete constructionof its Tahuehueto phase 1 goal of 500 tonnes per day by Q2 2023 andanticipates construction of the 1,000 tpd project before the end of2023.

    Financing Package
    The Company will not be proceeding with itspreviously announced Rights Offering due to significant interest inan equity raise by way of private placement at a higher price than itwould have been able to conduct the Rights Offering. Accordingly, theCompany has arranged a strategic debt conversion with its offtakepartner Trafigura De Mexico, S.A. de C.V. (“Trafigura”)inthe amount of US$5,800,000 (approximately CAD $8,000,000) andconcurrently has arranged an additional financing (the“Financing”), comprised of a private placement and debtsettlement, to raise gross proceeds of up to approximately CAD $25.2million (of which $4.9M (the “Initial Advance”) hasbeen advanced and deployed by the Company), for its 100% ownedTahuehueto Gold project and for working capital purposes.
    Net proceedswill allow the Company to complete construction of its Tahuehuetophase 1 goal of 500 tonnes per day (“tpd”) and makesubstantial progress on construction towards completion of phase 2, at1000 tpd. The Company anticipates that the additional capital achievedfrom Tahuehueto preproduction revenues will allow the Company tocomplete construction of the 1,000 tpd project before the end of2023.


    Messages from CEO
    Mike Struthers, CEO of Luca Mining, stated:“This is a transformational period for the Company. The FinancingPackage is a major step in the Company’s restructuring, combiningthe conversion of significant debt and infusion of substantial newcapital, which on closing will result in a major improvement to theCompany’s balance sheet. Strong financial backing, taking furthersteps to restructure the balance sheet, the name change and addingadditional strength to the board over the coming months, are allimportant elements towards making 2023 a very successful year for LucaMining.



    Weare particularly grateful to Calu and Trafigura for continuing to workwith us to progress the completion of the Tahuehueto Mine. We believe their decision to convert a sizeable portion of their loans intoequity, which will result in Calu and Trafigura becoming the twolargest shareholders, demonstrates their confidence in management andLuca Mining’s development and growth plans. The Company has offtakeagreements in place with Trafigura for concentrate from both the CampoMorado and Tahuehueto mines. Tahuehueto will achieve crucialmilestones this year, and we also expect our existing operation atCampo Morado to have a strong performance in 2023. The support ofexisting and new investors is vital to making all thishappen.”

  • Royalty Companies

    Orogen Royalties Announces Profitable 2022 Fiscal Year End Results

    https://www.accesswire.com/746…2-Fiscal-Year-End-Results


    "Fiscal 2022 marks Orogen's first year of profitability resulting from strong revenue from our royalty and prospect generation business coupled with tight cost controls," commented Orogen's CEO, Paddy Nicol. "The Ermitaño gold-silver mine in Mexico, where Orogen holds a 2% NSR royalty, delivered solid revenue and 2023 guidance from operator First Majestic Silver points to another strong year. We transacted on eight mineral projects that profitably supported our prospect generation business and added eight new royalties. Orogen now holds 44 royalty and mineral property interests including 23 royalties, 14 projects under option, two alliances, and five projects available for option or sale. Finally, we are very encouraged by the recent developments on AngloGold Ashanti's Silicon project in Nevada, where Orogen holds a 1% NSR royalty. Gold and silver resources at the Central-Silicon area continue to display exceptional promise with additional potential to come from the Merlin area, thought to be one of the most significant exploration targets in the greater Silicon camp."


    Fiscal 2022 Year End Highlights
    All amounts are in Canadian dollars unless otherwise stated.

    • Net Income from Operations: Net income was $840,178 or $0.005 per share compared to a net loss of $2,831,445 or $0.02 per share in 2021, representing a $3,671,623 increase in net income. This was due to a significant increase in royalty revenue, a profitable prospect generation business, and a 7% reduction in general and administrative expenses.
    • Royalty Revenue: Royalty revenue of $3,744,776 was earned from the Ermitaño royalty during the fiscal year ended December 31, 2022, with 1,588 attributable gold equivalent ounces ("GEOs") sold at average price of US$1,791 per ounce. This is an increase of $3,135,488 or 515% compared to a revenue of $609,288 earned in 2021. The Company holds a 2.0% uncapped and non-buyable net smelter return ("NSR") royalty on the Ermitaño Mine with First Majestic Silver Corp. ("First Majestic") as the operator that began commercial production in the fourth quarter of 2021.
    • Prospect Generation: Net income of $316,761 from prospect generation activities compared to $288,733 reported in 2021, representing a 10% increase. During the year, the Company recorded $881,118 (2021 - $1,654,845) in revenues and $564,357 (2021 - $1,366,112) in expenses that includes exploration expenditures and impairment costs.
    • G&A Expenses: General and administrative expenses of $3,257,516 were incurred in 2022 compared to $3,508,917 incurred in 2021, representing a 7% reduction.
    • Cash flow: Cash flow of $687,115 was generated from operating activities in 2022 compared to $3,529,230 that was used in operating activities in 2021. Cash flow generated from operating activities, excluding changes in non-cash working capital, was $786,053 in 2022 compared to $2,371,252 that was used in 2021.
    • Working Capital: The Company has working capital of $12,083,375 at December 31, 2022 compared to $10,239,343 at the beginning of the fiscal year. The Company has no long-term debt.

    https://orogenroyalties.com/si…df#viewer.action=download


  • Barrick Mining Corp. / GOLD, ABX (NYSE, TSE)

    Barrick Steers Porgera Gold Mine Back Towards World-Class Production
    https://www.barrick.com/Englis…s-production/default.aspx


    Port Moresby, Papua New Guinea – The government of Papua New Guinea, Barrick Niugini Limited and New Porgera Limited today signed an agreement to progress with the resumption of operations at the Porgera gold mine, which have been suspended since 2020.1
    Porgera hosts an orebody with measured and indicated resources of 10 million ounces2 and inferred resources of 3.4 million ounces.2 After initial ramp up and optimisation of the Wangima pit, the mine is forecast to produce an average of 700,000 ounces per year, achieving a milestone towards its potential Tier One3 status.
    The New Porgera Progress Agreement (NPPA), signed today, confirms that all parties are committed to reopening the mine at the earliest opportunity, in line with the terms of the Porgera Project Commencement Agreement and the New Porgera Limited Shareholders Agreement both concluded in 2022. The New Porgera project team will now move ahead with the filings for a special mining lease and progressing the other conditions set out in the Commencement Agreement for the reopening of the mine.
    The equity in New Porgera is shared 51% by Papua New Guinea (PNG) stakeholders, including local landowners and the Enga provincial government. Economic benefits will be shared 53% by the PNG stakeholders and 47% by Barrick Niugini Limited, which will operate the mine.

  • Royalty- und Streamingfirmen für Carbon Credits

    Carbon Streaming Announces Financial Results for the Six Month Period Ended December 31, 2022

    https://www.businesswire.com/news/home/20230329005425/en/
    Carbon Streaming Founder and CEO Justin Cochrane stated: “As we build our high-quality, diverse portfolio, we are also excited to see several of our projects contributing positive sustainable impacts and advancing toward delivering carbon credits in 2023. We are particularly encouraged by Rimba Raya’s validation on the SRN under Reg 21 in December 2022 and look forward to the project meeting the milestones required to achieve verification. We expect 2023 to be a transformative year for Carbon Streaming as we anticipate receiving carbon credits or royalties from 10 or more projects with cash flow growth potential to follow.”
    Mr. Cochrane added: “This year is also expected to bring improved transparency to the voluntary carbon markets through several key industry initiatives, such as the publication of the Core Carbon Principles and the ISSB’s Climate-related Disclosures standards. Finally, we expect the number of companies with climate commitments to continue to rise. With these developing catalysts in the voluntary carbon market as our backdrop, we believe that demand for the carbon credits in our portfolio will only strengthen.”


    Company Highlights
    Three months ended December 31, 2022

    • Ended the quarter with $70.3 million in cash and no corporate debt.
    • Revenue of $1.1 million from the sale of 122,995 carbon credits, for an average realized price per carbon credit sold of $8.61 for the three months ended December 31, 2022 (three months ended June 30, 2022 – 162 carbon credits sold for an average realized price per carbon credit sold of $12.35). Please see the “Non-IFRS Measures and Performance Measures” section of this news release for further information.
    • Recognized net income of $4.8 million for the three months ended December 31, 2022 (three months ended June 30, 2022 – net income of $29.2 million). After adjusting for the revaluation of warrant liabilities, the revaluation of carbon credit streaming and royalty agreements, and the revaluation of derivative liabilities, adjusted net loss was $5.7 million for the three months ended December 31, 2022 (three months ended June 30, 2022 – adjusted net loss of $3.5 million). Please see the “Non-IFRS Measures and Performance Measures” section of this news release.
    • Paid $0.5 million and committed to pay $0.8 million in upfront deposits for one new carbon credit streaming and royalty agreement, early deposit interests and other assets during the quarter.
    • Announced the validation of the Rimba Raya project under the new Indonesian carbon regulation, Regulation No. 21 of 2022 (“Reg 21”) and with the carbon registry, Sistem Registri Nasional Pengendalian Perubahan Iklim (“SRN”). Emission reductions from the initial validation area are expected to average approximately 2.7 million tonnes of carbon dioxide equivalent (“tCO2e”) per year and generate an equivalent number of carbon credits over the remaining 50-year life of the project which is now expected to run until 2073.
    • Announced a carbon credit stream and associated royalty (collectively, the “Enfield Biochar Stream”) with Standard Biocarbon Corporation to support the construction of a pilot biochar production facility in Enfield, Maine, USA. This project is expected to remove approximately 90,000 tCO2e of emissions and generate an equivalent number of CO2 Removal Certificates (“CORCs”) over the 30-year project life. The project is also expected to produce approximately 250,000 cubic yards of biochar over the project life, on which the Company will receive a royalty on volume sold.
    • Published the Company’s inaugural Sustainability Report, which describes Carbon Streaming’s business model, approach to climate action and impact investing, due diligence and governance practices, guiding principles as well as the Company’s environmental and social impacts.
    • Offset five times the Company’s calendar year 2021 emissions through the retirement of 125 carbon credits from our portfolio.

    Six month period ended December 31, 2022

    • Revenue of $1.1 million from the sale of 125,159 carbon credits for an average realized price per carbon credit sold of $8.68 for the six month period ended December 31, 2022 (year ended June 30, 2022 – 25,162 carbon credits sold at an average realized price per carbon credit sold of $5.84). Please see “Non-IFRS Measures and Performance Measures” section of this news release for further information.
    • Recognized net income of $2.4 million for the six month period ended December 31, 2022 (year ended June 30, 2022 – net loss of $12.9 million). After adjusting for the revaluation of warrant liabilities, the revaluation of carbon credit streaming and royalty agreements and the revaluation of derivative liabilities, adjusted net loss was $11.1 million for the six month period ended December 31, 2022 (year ended June 30, 2022 – adjusted net loss of $17.6 million). Please see “Non-IFRS Measures and Performance Measures” section of this news release for further information.
    • Paid $13.8 million and committed to pay $2.6 million in upfront deposits for new carbon credit streaming and royalty agreements, early deposit interests and other assets during the period.
    • Grew the Company’s portfolio to 10 streams and royalties covering 21 carbon credit projects in 12 countries.

    Subsequent to December 31, 2022

    • Received first issuance of carbon credits from the Company’s portfolio of streams and royalties. The Company received 316,781 carbon credits from vintage years 2017 to 2021 under the Cerrado Biome Stream.
    • Received International Carbon Reduction & Offset Alliance (“ICROA”) accreditation. ICROA’s Accreditation Programme defines and promotes best practice in the financing of high-quality emissions reductions and use of carbon credits as an effective carbon management tool.


  • Royalty Companies

    Newmont Completes Sale of Triple Flag Shares

    https://www.businesswire.com/news/home/20230328005942/en/
    DENVER--(BUSINESS WIRE)--Newmont Corporation (NYSE: NEM, TSX: NGT) today announced it completed the sale of its common shares of Triple Flag Precious Metal Corp. (Triple Flag) on the open market for $179 million in net proceeds, after tax. The monetization of Triple Flag’s shares further streamlines and optimizes Newmont’s equity portfolio, while generating cash for the business at fair value.


    ...


    Newmont’s equity interest in Triple Flag originated through the formation of a strategic partnership with Maverix Metals Inc. (Maverix) in 2018. Following the Goldcorp acquisition, Newmont sold additional royalties to Maverix in 2020, which resulted in Newmont owning 42.0 million common shares of Maverix and 5.0 million purchase warrants. In January 2023, Triple Flag completed the acquisition of Maverix, and Newmont received 15.1 million common shares and 1.8 million purchase warrants of the combined company. Prior to the completion of the sale, Newmont held approximately 7.5 percent of the issued and outstanding common shares of Triple Flag for investment purposes.


  • Royalty Companies

    Equinox Gold Announces up to $200 Million in Gold Prepay and Gold Purchase and Sale Arrangements

    https://www.newsfilecorp.com/release/160251


    ... Gold Purchase and Sale Arrangement
    The Company also signed a non-binding term sheet for a gold purchase and sale arrangement with Sandbox Royalties (the "Sandbox Arrangement") whereby, on closing, the Company will receive a payment of $50 million from Sandbox Royalties in exchange for monthly deliveries equal to the greater of: a) 333 gold ounces and b) gold ounces equal to 1.2% of the monthly gold production from Greenstone Gold Mine (100% basis). Gold deliveries would commence in October 2023 and continue until a total of 60,000 ounces have been delivered. Sandbox will make ongoing cash payments equal to 20% of the spot gold price for each gold ounce delivered. Gold deliveries can be from production from any of the Company's operating mines. Equinox Gold will have the option to buy down up to 75% of the delivery obligation at the then current spot gold price, subject to adjustment for the ongoing payment and a minimum price per ounce of $2,000. The Sandbox Arrangement can be increased to $75 million on mutual agreement of Equinox Gold and Sandbox Royalties.
    Closing of the Sandbox Arrangement is subject to, among other items, execution of a definitive gold purchase and sale agreement, any required consent of the Company's lending syndicate and a financing by Sandbox Royalties. The Sandbox Arrangement will be a related-party transaction as Equinox Gold currently owns approximately 34% of Sandbox Royalties. More information about Sandbox Royalties is available at www.sandboxroyalties.com, which website and information is not incorporated in, and does not constitute a part of, this news release.

    https://www.sandboxroyalties.c…Investor-Presentation.pdf