Royalty Round up, April 2021: the sector is flying
Large-tiers were the best performing subset of the market, up an average of 13.2%.
April 2021 has been a huge month for the mining royalty and streaming sector with the average share price up a massive 9.5%. An incredible 78% of mining royalty and streaming companies saw positive share price movement this month, as the market rallied behind the sector.
Large-tiers were the best performing subset of the market, up an average of 13.2%. Osisko Gold Royalties (TSE:OR) (↑14.8% 1-month & ↑12.9% 3-months) and Sandstorm Gold Ltd (TSE:SVC) (↑14.7% 1-month & ↑20.7% 3-months) were the best performing large-tier companies.
Osisko’s preliminary first quarter of 2021 (Q121) results were strong, with 19,960 attributable gold equivalent ounces produced during the first quarter. The company generated revenues of C$66.9mln (US$54.3mln) during the first quarter with a cash operating margin of around C$46.5mln (US$37.8mln). The company al
Contributed Opinion
Streetwise Reports (5/3/21) Knox Henderson profiles Riley Gold, discussing its focus on discovery and the de-risking of its Nevada projects with drill results that are just around the corner.
Most gold bugs out there are more than happy to take on the odds of early exploration and accept the equation that greater risk equals greater reward. After all, it s at the point of discovery where investors can benefit from multiple-factor share gains. Riley Gold Corp. (RLYG:TSX.V; RLYGF:OTCQB) is one of the early-stage companies with a Nevada-proven management team and well-honed gold/silver targets that considerably reduce the risk side of that formula.