Royalty Companies

    Star Royalties Reports Audited Financial Results for 2022
    https://www.starroyalties.com/news/20230428-srnews
    2022 Corporate and Portfolio Highlights

    • 2022 revenues represent a 43% increase over the prior year, including record quarterly revenue in the fourth quarter.
    • Record quarterly and annual revenue from the Keysbrook royalty.
    • Progressive improvements in operating performance and royalty payments from the Elk Gold Mine.
    • Continued farmer enrollment into Green Star Royalties Ltd.’s (“Green Star”) flagship regenerative agriculture carbon farming program, now representing approximately 115 farmers from across the United States.
    • Transition to commercialization at MOBISMART Mobile Off-Grid Power & Storage Inc. (“MOBISMART”) to result in first royalty revenues for Green Star.
    • Green Star investment pipeline now includes 22 opportunities under evaluation.
    • Ongoing initiatives by new management at Sabre Gold Mines Corp. (“Sabre Gold”) (TSX: SGLD, OTCQB: SGLDF) to accelerate funding of the fully-permitted Copperstone Gold Mine.

    Hallo,


    ich habe ein weiteres bisher nicht börsennotiertes Royaltyunternhemen gefunden.


    Low Carbon Royalties


    Beim Namen dachte ich erst, dass sie mit Carbon Credits ihr Geld verdienen wollen. Das scheint nicht der Fall zu sein. Bisher besitzen sie Royalties zu Gas, Ni, Cu, Co und Mn.


    In ihrer Präsentation ist eine schöne Aufstellung zum Royalty Sektor mit Darstellung der MK und dem Rohstoffschwerpunkt.


    Trident Royalties PLC Announces Q1 2023 Activities Update


    https://www.accesswire.com/752…Q1-2023-Activities-Update
    HIGHLIGHTS
    Q1 royalty receipts & cash position

    • Record quarterly receipts of US$3.6 million from exposure to gold, copper, and iron ore. A year-on-year increase of 63% over Q1 2022.
    • The gold offtakes portfolio saw particularly strong performance with a 48% increase over Q1 2022 when compared on a like-for-like basis (accounting for the disposal of the Mercedes mine from the Premier Offtake, on 14 April 20221), while the Koolyanobbing iron ore royalty delivered its highest quarterly payment to-date.
    • Trident holds cash of c. US$37 million as at 28 April 2023, providing a strong platform for further acquisitions. This cash balance includes proceeds from the gold offtakes but excludes Q1 royalty receipts.


    Royalty / StreamQ1 2023 (US$M)Q1 2022 (US$M)% Change
    Koolyanobbing iron ore royalty*0.860.16438%
    Mimbula copper royalty0.750.5050%
    Lincoln gold royalty0.15--
    Gold offtakes portfolio1.881.5819%
    Total3.642.2363%



    *Reserve Bank of Australia for 31 March 2023 (0.6712) and 31 March 2022 (0.7482)
    Adam Davidson, Chief Executive Officer of Trident commented:
    "It has been a positive quarter for the existing portfolio, with significant updates at the Thacker Pass Lithium Project, the Mimbula Copper Project continuing to ramp production, and the gold offtake portfolio delivering strong growth and cashflows.
    Our pipeline of prospective transactions is attractive. Following the highly profitable disposal of several gold royalties in February, coupled with a further reduction of our cost of debt, we have put our balance sheet in an excellent position to take advantage of current market conditions. We look forward to providing updates as the year progresses."
    Portfolio Update:
    Gold Royalties Sale Transaction 2

    • Following a competitive sales process, Trident sold its pre-production gold royalties over Rebecca, Spring Hill, and three other projects acquired as a portfolio from Talga Group to Franco-Nevada Corporation in exchange for cash proceeds of up to US$15.55 million.

      • The Royalties were acquired by Trident for approximately US$6.25 million, representing a return on invested capital of over 140% in approximately two years.
      • US$14.3 million of the consideration has been received, with US$1.25 million to be paid upon first production from the Rebecca Gold Project.
    • Reflecting the value unlocked by the transaction, Macquarie agreed to restructure Trident's existing US$40 million debt facility, to include a 2% reduction in coupon (reducing debt service costs by up to US$800,000 per year), deferral of scheduled quarterly payments, and a one-year extension of the loan term.

    Thacker Pass Lithium Project 3,4

    • Lithium Americas Corp., operator of Thacker Pass, announced the commencement of construction following the receipt of notice to proceed from the US Bureau of Land Management.
    • General Motors is investing US$650 million toward project development and has entered into a 10-year offtake agreement to purchase Phase 1 production to support production of up to 1 million electric vehicles per year.
    • Thacker Pass is targeting 80,000 tonnes per annum ("tpa") of battery-quality lithium carbonate production capacity in two phases of 40,000 tpa. Phase 1 production is expected to commence in the second half of 2026.

    Koolyanobbing Iron Ore Project 5

    • Trident's quarterly royalty payment saw a marginal decrease in production tonnage from the royalty zone, offset by materially higher iron ore prices and realisations associated with the recent shift to production of a higher proportion of lump product from Koolyanobbing.

    Offtakes Gold Portfolio

    • Gold deliveries decreased by 16% during the quarter, from 74,085 gold ounces in Q4 to 62,335 in Q1. This was largely anticipated as production tends to spike in Q4 as operators seek to maximize calendar year production. Year-over-year deliveries increased by 31% over Q1 2022 when compared on a like-for-like basis, while the gold spot price also increased by c. US$166 per ounce over the course of Q1, positively impacting margins.
    • Allied Gold Corp Limited ("Allied"), operator of the Bonikro gold mine over which Trident holds an uncapped gold offtake, announced its public listing plans.9 Allied highlighted drilling focused on extending the mine life to over 10 years, well in excess of Trident's initial estimate.

    Sonora Lithium Project 6,7,8

    • In its 2022 Annual Results, Ganfeng Lithium, operator of the Sonora Lithium Project, confirmed that the project is under construction while noting that planned Stage 2 production increased by 43% to 50,000 tpa of lithium hydroxide.6
    • After the period end, the Alberta Court of Appeal overturned, on appeal, a judgment which had summarily dismissed an action brought by Bacanora Minerals Ltd. ("Bacanora") against the Estate of Ian Colin Orr-Ewing ("Estate"). The lower Court of Queen's Bench of Alberta had held that the dispute by Bacanora was time barred; on appeal, this was overturned for technical reasons. Now the matter will be resolved on the merits, which, if determined in the Estate's favour, will definitively affirm the validity of the royalty. Bacanora must now argue the merits of its case and persuade the Alberta court that the royalty is invalid as a result of it being created without consideration or by way of fraudulent or other misrepresentation.7
    • The conditions requiring Trident to provide funding in respect of the 50% Trident joint venture company Sonoroy Holdings Ltd ("Sonoroy"), to facilitate completion of the acquisition of the Sonora Gross Revenue Royalty, by Sonoroy remain at Trident's discretion. If Trident elects to exit the joint venture, the initial loan made by Trident to Sonoroy of US$2.5 million is due six months of such election.8 At the present time, Trident has no intention of exiting the joint venture.


    [Blockierte Grafik: https://emxroyalty.com/site/templates/img/logo-v2.png]


    Hallo,


    EMX hat ja wirklich sehr viele Projekte. Leider hat EMX bisher den daraus zu erwartenden Cashflow nicht klar dargestellt. Das ist mit dem laufenden Rechtsstreit wohl auch schwierig.


    In Ihrer neuen Präsentation mit Stand vom 4. Mai sind zumindest Zahlen für die Jahre 2019 bis 2022 auf Seite 11 dargestellt. Leider keine Angaben für 2023 und darüber hinaus.


    Präsentation EMX Stand 4. Mai 2023


    Für 2022 wird ein Cashflow von mehr als 20 Mio USD dargestellt. Dabei gibt es die Fußnote 3 zu beachten.


    (3)Adjusted cash flows from operating activities and adjusted cash flows per share from operating activities for the year ended December 31, 2022 includes a net settlement amount of US$18.25M with Barrick Gold Corporation.


    Wenn man diese 18,25 Mio USD abzieht bleibt trotzdem ein positiver Cashflow von ca. 3 bis 4 Mio USD. Das ist ja schon mal etwas.

    Precious Metals Royalty And Streaming Companies: The April Report


    https://seekingalpha.com/artic…ng-companies-april-report



    erschienen bei Seeking Alpha, von Peter Arendas


    Summary


    • The Precious Metals R&S Index grew by 3.11% in April.
    • The Precious Metals R&S Equally Weighted Index grew by 1.85%.
    • The best performance was recorded by Empress Royalty; its share price grew by 19.05%.
    • The biggest decline was experienced by Metalla Royalty & Streaming; its share price declined by 11.09%.

    Triple Flag Announces Q1 2023 Results – Record GEOs and Operating Cash Flow

    TORONTO--(BUSINESS WIRE)--Triple Flag Precious Metals Corp. (with its subsidiaries, “Triple Flag” or the “Company”) (TSX: TFPM, NYSE: TFPM) announced its results for the first quarter of 2023 and declared a dividend of US$0.05 per common share to be paid on June 15, 2023. All amounts are expressed in US dollars unless otherwise indicated.
    “I am pleased to announce another quarter of record results for Triple Flag, reflecting the successful acquisition of Maverix,” commented Shaun Usmar, CEO. “When we announced the transaction in November last year, we emphasized the strategic fit, the opportunity to acquire a diversified, cash generating portfolio of quality assets, and the ability to capture meaningful synergies in a combination that would benefit both sets of shareholders. We anticipated that the deal would broaden our shareholder base, enhance trading liquidity and result in cost synergies of US$7 million annually, positioning Triple Flag as the 4th largest streaming and royalty company. I am pleased to report that these expected deal features are being fully realized – we have seen solid operating performance at underlying Maverix assets, particularly at Beta Hunt and Camino Rojo; a more than 10-fold increase in trading liquidity, with the addition of many new quality investors to our register, and index inclusion in the MVIS Global Junior Gold Miners, S&P/TSX Global Gold, and Solactive Global Silver Miners indices. We are also seeing exciting advances at a number of the exploration and development properties we acquired.”
    “As we approach the two-year anniversary of our IPO, we are happy to have begun delivering against our ambitions in becoming the next emerging senior streaming and royalty company and look forward to what we can accomplish in the future with our enhanced platform.”


    https://www.businesswire.com/news/home/20230509006180/en/

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