Royalty Company Announces 2020 Metals Deliveries and Sales Totals

Nomad Royalty Company also provides an update on its royalty and streaming assets.

Nomad Royalty Company Ltd. (NSR:TSX; NSRXF:OTCQX) announced in a news release the preliminary totals of its 2020 gold and silver deliveries and sales from its royalties, streams and loan interests.

Deliveries totaled 16,607 gold equivalent (Au eq) ounces in 2020. That breaks down into 217,401 ounces from its silver streams, 7,409 ounces from its gold royalties and streams, and 6,700 ounces from its Premier Gold prepay loan.

Sales totaled 17,504 Au eq ounces. Ounces sold from silver streams were 301,384, ounces sold from gold royalties and streams totaled 7,409, and ounces sold from the gold prepay loan were 6,700.

Nomad Royalty stated its preliminary total revenue in the 2020 calendar year, including cash from the Bonriko gold stream vend-in, was $29.9 million.

Also in this news release, the company provided an update on each of its assets.

At Blyvoor, ore processing was started, and blasting is ongoing. A resource update is expected in H1/21.

Regarding Mercedes, Equinox will become the owner-operator once its acquisition of Premier Gold closes. Equinox indicated that the mine could be expanded such that annual gold production could increase to 80,000-90,000 ounces.

At Moss, Northern Vertex Mining is actively drilling with three rigs, testing district-scale targets to expand the mine life. Also, the company has been implementing programs to cut costs and increase operational efficiencies at the project.

At Robertson, first production is expected in 2025. In the meantime, Barrick will conduct drilling there.

Regarding South Arturo, a recently published prefeasibility study (PFS) outlines an 18-year mine life. An updated resource estimate for El Nino is anticipated in 2021 after all 2020 drill results are received.

As for Troilus, Troilus Gold recently reported positive drill results from the Southwest zone and started a drill program to expand the resource there. Also, definition and geotechnical drilling are planned for the upcoming PFS, due out later this year.

Read what other experts are saying about:

Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Nomad Royalty Company and Troilus Gold. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.