Quarterly ResultMay 14, 2026, 05:16 PM
Versamet Royalties Q1 Revenue $24.0M, Net Income $13.8M; Acquires Eskay Stream
AI Summary
Versamet Royalties reported record financial results for Q1 2026, with total revenue surging to $24.0 million and net income reaching $13.8 million. The company also achieved record attributable GEOs and operating cash flows. Subsequent to the quarter, Versamet completed the acquisition of a 3.52% gold stream on the Eskay Creek project for $360 million, further expanding its portfolio.
Key Highlights
- Q1 2026 Total Revenue increased to $24.0 million from $3.5 million in Q1 2025.
- Q1 2026 Net Income rose to $13.8 million from $1.8 million in Q1 2025.
- Basic Earnings Per Share for Q1 2026 was $0.14, up from $0.02 in Q1 2025.
- Attributable GEOs for Q1 2026 reached a record 4,913, compared to 1,211 in Q1 2025.
- Operating cash flows, excluding working capital changes, were $19.5 million in Q1 2026.
- Acquired a 3.52% gold stream on the Eskay Creek project for $360 million ($340M cash, $20M shares).
- Upsized revolving credit facility to $200.0 million and fully repaid the $80.0 million term loan.
- Forecasts 2026 attributable GEOs between 20,000 to 23,000 with a 93% cash cost margin.