Royalty Companies

    Empress Royalty: Newcomer To Shinehttps://seekingalpha.com/artic…ewcomer-to-shine#comments

    • Empress Royalty is newcomer to the precious metals royalty and streaming industry.
    • Empress focuses on cash-flowing or nearly cash-flowing royalties and streams.
    • Empress prefers to work directly with the miners and create new royalties and streams.
    • The current assets should generate cash flows of $5 million next year, and $9.5 million in 2024, which means that the current market capitalization of $31.4 million and an enterprise value of $18 million is pretty low given the industry standards.
    • The pipeline includes potential deals worth nearly $150 million, two more deals are advanced and should be closed soon.

    [Blockierte Grafik: https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1205086220/webp_medium_image_1205086220.webp]


    From a fundamental point of view, Empress Royalty presents a very attractive buying opportunity. It is cheap compared to its peers, it is well funded (for now), it is focused on growth and on cash flow generation. Cash flows should start soon and they should increase to nearly $10 million by 2024. I can see Empress' share price grow by 100-200% by 2024 quite easily, based on the current assets only. But Empress is actively working on new deals which means that the upside potential is even bigger.

    Taylor Dart:


    Metalla Royalty & Streaming: A Look At The Valuation After The Drop
    https://seekingalpha.com/artic…ming-valuation-after-drop



    "Metalla has assembled a very solid royalty portfolio and has some very impressive partners operating its royalty assets that include Kirkland Lake Gold (KL), Agnico Eagle (AEM), Yamana Gold, and Nevada Gold Mines. However, at more than 50x FY2022 revenue estimates, I still don't see a low-risk buying opportunity here at $8.75. This doesn't mean that Metalla can't bounce from here and find a bottom, but there is still no low-risk buying opportunity even after this sharp decline. For this reason, I believe there are much better opportunities elsewhere in the sector. Having said that, if Metalla were to dip closer to $6.60, I would begin to get more interested in the stock from a valuation standpoint."
    [Blockierte Grafik: https://static.seekingalpha.com/uploads/2021/7/10/45984866-1625933565153434.png]

    Triple Flag Reports Record Metal Sales in Q2 2021
    https://www.businesswire.com/news/home/20210713005499/en/
    TORONTO--(BUSINESS WIRE)--Triple Flag Precious Metals Corp. (“Triple Flag”) today announced record gold equivalent ounces (“GEOs”) for the second quarter of 2021. All dollar references are in United States dollars.


    Preliminary Q2 2021 Sales and Revenue
    Triple Flag sold 22,537 GEOs in the second quarter of 2021, resulting in $40.9 million in revenue and representing 77,481 GEOs over the last twelve months.


    “Our gold equivalent ounces sold in the second quarter were a new record for our business, increasing by 40% compared to the second quarter of 2020, while revenue increased by 48% over the same period,” commented Shaun Usmar, Founder and CEO. “With the successful completion of our initial public offering (“IPO”) during the quarter, which was the largest TSX-listed mining IPO since 2012 by size and market capitalization, and the largest precious metals IPO globally by market capitalization since 2008, Triple Flag is poised to continue its growth. Shortly after the quarter-end, we paid down the remaining balance of our revolving credit facility and are now debt-free. We are tremendously appreciative of the support shown by investors during our IPO, providing us with a high-quality shareholder register. As we commence this part of our journey as a public company, we will continue to work tirelessly to build shareholder value and establish Triple Flag as the premier quality growth name in the precious metals streaming and royalty sector.”

    Star Royalties: Another Newcomer With Good Prospects
    https://seekingalpha.com/artic…comer-with-good-prospects
    Summary

    • Star Royalties prefers cash-flowing assets focused on precious and "green" metals.
    • The attributable gold equivalent production should equal only 400 toz this year, but 4,500 toz next year, and 5,500 toz by 2024.
    • Using a gold price of $1,800/toz, Star Royalties trades at a forward (2022) price-to-revenues ratio of 3.86, which is significantly below the industry standards.
    • I can see Star Royalties' share price doubling over the next 12 months, based on its current assets only.

    [Blockierte Grafik: https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1279181821/webp_extra_large_image_1279181821.webp]



    Conclusion
    Star Royalties is one of the smallest precious metals royalty and streaming companies and it shares numerous similarities with Empress Royalty. It wants to focus on creating new streams and royalties and it prefers cash-flowing assets. Its cash flows should grow rapidly in 2022, and it is very cheap when compared to industry standards. While its attributable gold equivalent production should equal only 400 toz this year, it should grow to 4,500 toz in 2022, and to 5,500 toz by 2024. Given that the current market capitalization is only $31 million and enterprise value only $22 million, I can see Star Royalties' share price doubling quite easily over the next 12 months, based on its current assets only.

    Zitat von Sorgenfrei

    Star Royalties: Another Newcomer With Good Prospects

    Ich denke, die Vorsichtshinweise in dem Artikel sind ebenfalls sehr wichtig... wenig Cash für nennenswerte Zukäufe, starke Konzentration auf ein Projekt als Quelle von zukünftigem Cashflow, Mongolei...


    Haus und Hof würde ich auf sowas nie verwetten... siehe den Kursverlauf von Empress im letzten Jahr, entgegen höherer Erwartungen.


    EDIT Die Finanzierungsrunde bei Empress Oktober 2020 war zu 0,25 CAD... bis hierher noch Abwärtspotential?
    Royalty Companies


    Gruß, GL

    Das Publikum... wendet sich von dem Gebrauche des durch die Umlaufmittelvermehrung kompromittierten Geldes ab, flüchtet zum ... Barrenmetall, zu den Sachwerten, zum Tauschhandel, kurz, die Währung bricht zusammen. (Ludwig von Mises)

    3 Mal editiert, zuletzt von GermanLong ()

    Gefällt mir 2
    Zitat von Sorgenfrei

    Taylor Dart:
    Metalla Royalty & Streaming: A Look At The Valuation After The Drop
    https://seekingalpha.com/artic…ming-valuation-after-drop

    Das schließt vllt. an diese Diskussion gut an: Royalty Companies


    Nun wurde eine SKS-Formation getriggert.


    Auf Wochenschlußbasis und log-Chart sieht das so aus:



    Bei linearer Preisachse - durchaus angemessen für den kurzen Zeitraum - und mit Kerzen kann man sogar das hier konstruieren. Und das ist noch sparsam... der allerhöchste Montags-Panikkauf-Wochenbeginn ist dabei ausgespart. Den eingeschlossen, käme man punktgenau auf 3 USD Kursziel...



    Nun denn... :hae:


    Gruß, GL

    Das Publikum... wendet sich von dem Gebrauche des durch die Umlaufmittelvermehrung kompromittierten Geldes ab, flüchtet zum ... Barrenmetall, zu den Sachwerten, zum Tauschhandel, kurz, die Währung bricht zusammen. (Ludwig von Mises)

    Einmal editiert, zuletzt von GermanLong ()

    Gefällt mir 2

    Tun wir was gegen die Bezahlschranke:

    Welche EINE Royalty-Gesellschaft im Depot hätte in den letzten 12 Monaten ausgereicht, um ein positives Ergebnis zu erzielen und besser zu performen, als die anderen Gesellschaften im Sektor?
    (Bei vertretbarem Risiko, d.h. ohne die ganz Kleinen)



    Und wohin hätte man - optimalerweise - um den Monatswechsel Februar/März ´21 gewechselt?



    Nee, das soll kein blödes Ratespiel sein. Ich werde dieses Tool mal erproben, um Trends und -wechsel zu erkennen, und die Gewichtungen im Royalty-Segment des Depots deutlicher und begründet anzupassen.


    Gruß, GL

    Das Publikum... wendet sich von dem Gebrauche des durch die Umlaufmittelvermehrung kompromittierten Geldes ab, flüchtet zum ... Barrenmetall, zu den Sachwerten, zum Tauschhandel, kurz, die Währung bricht zusammen. (Ludwig von Mises)

    Gefällt mir 2

    [Blockierte Grafik: https://tnw-c.thenewswire.com/data/tnw/clients/logos/LaPF87p5.png]



    New Silver & Copper Projects Granted in Morocco




    Altus Strategies Plc (AIM: ALS, TSX-V: ALTS, OTCQX: ALTUF) announces the grant of four new exploration projects as well as an extension to the Agdz project (the “Projects”) totalling 148.5 km2 in the Kingdom of Morocco (“Morocco”). The Projects were awarded to the Company’s 100% owned subsidiary, Aterian Resources Limited, as part of a competitive tender process.
    Highlights:

    • New projects totalling 148.5 km2 granted in the Anti-Atlas of central Morocco
    • Projects considered to be highly prospective for silver and copper
    • Moroccan portfolio enlarged to 14 projects covering 824.3 km2
    • The Tazoult project is located 13 km east of the Zgounder silver mine
    • The Agoudim project is located 30 km east of the Imiter silver mine
    • In-house remote sensing underway across the Projects to prioritise exploration targets

    [Blockierte Grafik: https://www.altus-strategies.com/site/assets/files/5323/maroc_country_overview_21-7-21_jt_low_res.500x0-is-hidpi.jpg]



    [Blockierte Grafik: https://storage.googleapis.com…gos/subaccounts/17325.png]


    Empress Closes and Fully Funds Tahuehueto Silver Stream
    https://www.accesswire.com/656…-Tahuehueto-Silver-Stream


    Empress Royalty Corp. (TSXV:EMPR)(OTCQB:EMPYF) ("Empress" or the "Company") is pleased to announce it has closed and funded the final payment of US$3M of the US$5M silver stream agreement (the "Stream") on the Tahuehueto project in Mexico owned by Altaley Mining Corporation ("Altaley") previously known as Telson Mining Corporation.
    "The completion of the US$5M silver stream is an important milestone for Empress as we continue to deliver on our plans to build a diversified portfolio of gold and silver investments," stated Alexandra Woodyer Sherron, CEO and President of Empress. "We are pleased to be working closely with Altaley and our strategic partners to bring this quality asset into production."

    [Blockierte Grafik: https://www.accesswire.com/use…re/images/656738/Img1.jpg]

    Altaley has announced that its Tahuehueto project is approximately 60% constructed, with initial production forecast for late 2021 and full scale production forecast for early 2022. For further information, please see the Altaley Mining Corporate website for more information (www.altaleymining.com).

    Gold Royalty Corp. to Acquire Five Gold Royalties on Properties Managed by Monarch Mining Corporation

    https://www.prnewswire.com/new…orporation-301339980.html


    Gold Royalty Corp. ("Gold Royalty" or the "Company") (NYSE American: GROY) is pleased to announce that it has entered into a definitive agreement (the "Agreement") with Monarch Mining Corporation ("Monarch") (TSX: GBAR) (OTCQX: GBARF) to acquire the following gold royalty interests (the "Transaction"):

    • a C$2.50 per tonne royalty on material processed through Monarch's Beacon mill originating from the Beaufor mine operations;
    • a 2.5% net smelter return ("NSR") royalty on each of Monarch's Croinor Gold, McKenzie Break and Swanson properties, each located in Quebec, Canada; and
    • a 1% NSR on Monarch's Beaufor property, located in Quebec Canada (the "Beaufor NSR") held by Caisse de dépôt et placement du Québec,

    for total consideration of C$15 million (~US$12 million), of which C$11.25 million is payable on closing and C$3.75 million will be paid upon the 6-month anniversary of closing. The transaction is subject to customary conditions and is expected to close in August 2021.


    Bei Monarch sieht es dann so aus:
    Monarch Mining Corporation Announces a $11.25 Million Transaction With Gold Royalty Corp.
    https://ceo.ca/@nasdaq/monarch…-announces-a-1125-million
    MONARCH MINING CORPORATION (“Monarch” or the “Corporation”) (TSX: GBAR) (OTCQX: GBARF) is pleased to announce that it has entered into a definitive agreement (the “Agreement”) with Gold Royalty Corp. (“Gold Royalty”)
    (NYSE: GROY) whereby Gold Royalty will acquire the following royalty
    interests from Monarch for cash proceeds of $11.25 million (the “Transaction”):

    • a $2.50 per tonne royalty on all material processed through the Beacon mill originating from the Beaufor mine operations; and
    • a 2.5% net smelter return (“NSR”) royalty on each of the Croinor Gold, McKenzie Break and Swanson properties, of which half (1.25%) can be bought back by Monarch for $2 million per property in the future, subject to certain conditions being met.


    As a condition and as part of the Transaction, Gold Royalty will also acquire a 1% NSR on the Beaufor property from Caisse de dépôt et placement du Québec (“CDPQ”) and the Corporation’s existing buy back rights relating to a 1% NSR will be cancelled and extinguished, following which CDPQ will own a 2% NSR and Gold Royalty a 1% NSR on Beaufor. CDPQ’s royalty interest will be reduced to a 1% NSR once Monarch repays the $5 million capital invested by CDPQ (see Monarch press release dated May 7, 2020).

    [Blockierte Grafik: https://mma.prnewswire.com/med…nt_and_Acquires.jpg?w=200]


    Vox Provides Development and Exploration Updates from Operating Partners

    https://www.newswire.ca/news-r…g-partners-883099377.html



    Vox Receives Legacy US$1M Payment and Acquires Latin American Royalty Portfolio

    https://www.newswire.ca/news-r…-portfolio-867438229.html

    [Blockierte Grafik: https://pbs.twimg.com/media/E7AKJ3kUcAYWFDF?format=jpg&name=900x900]

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