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
Spring-valley
Nevada
United-states
Australia
Tennessee
Lake-rebecca
Western-australia
Brazil
Brazilian
Company-ltd
Brazilian-development-bank
(in U.S. dollars unless otherwise noted)
TORONTO, April 19, 2021 /PRNewswire/ - Franco-Nevada has acquired 14.7% of Vale s outstanding Participating Debentures ( Royalty Debentures ) from the Brazilian Development Bank ( BNDES ) and the Government of Brazil for $538M. The Royalty Debentures provide holders with life of mine net sales royalties on Vale s Northern and Southeastern Iron Ore Systems and on certain copper and gold operations (together, the Royalty ). This transaction provides royalty exposure to some of the world s largest and most profitable integrated iron ore mines with reserve weighted mine lives of 30 years and potential for multiple additional decades through reserve growth. The Royalty covers a total of 15.6 thousand square kilometers of mineral properties held by Vale in Brazil, also offering exposure to a number of development properties. The Royalty currently generates an annualized pre-tax cash yield of 10% based on acquisition cost and the most recent semi-a
Mexico
New-york
United-states
Australia
Nevada
Sossego
Minas-gerais
Brazil
Carol-lake
Ontario
Canada
Rio-tinto