AcquisitionsJun 15, 2026, 05:16 PM
Gold Royalty Acquires Additional 0.1875% REN Royalty Interest for $6.25M
AI Summary
Gold Royalty Corp. announced the acquisition of an additional indirect 0.1875% net smelter return (NSR) royalty interest over the REN project for US$6.25 million. This increases the company's total indirect NSR interest to 1.6875% and Net Profit Interest to 3.5%. The REN project, owned by Nevada Gold Mines, is expected to achieve first production in 2026 with an average annual gold production of 140,000 ounces. Additionally, Gold Royalty released its 2026 Integrated Report and reminded shareholders about its upcoming Capital Markets Day on June 18, 2026.
Key Highlights
- Gold Royalty acquired an additional indirect 0.1875% NSR royalty interest over the REN project.
- The acquisition was for a total cash consideration of US$6.25 million.
- This increases the Company's total indirect NSR interest in REN to 1.6875% and Net Profit Interest to 3.5%.
- The REN project is owned by Nevada Gold Mines (Barrick 61.5%, Newmont 38.5%) and operated by Barrick Mining Corp.
- Barrick expects first production at REN in 2026, ramping to full production by year-end 2027.
- REN project's annual forecasted average gold production is 140,000 ounces.
- Gold Royalty released its 2026 Integrated Report, including its Asset Handbook and Sustainability Report.
- The Company will host its Capital Markets Day on Thursday, June 18, 2026, virtually and in-person in Toronto.
Price Impact
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