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An announcement from Versamet Royalties Corp. ( (TSE:VMET) ) is now available.
Versamet Royalties Corporation has acquired a 90% silver stream on the Rosh Pinah Zinc mine in Namibia and a 2.75% net smelter return royalty on the Santa Rita mine in Brazil for $125 million, with potential additional payments of up to $45 million. This acquisition is expected to significantly increase Versamet’s cash flow and growth profile, with production anticipated to grow to over 20,000 gold equivalent ounces by 2026. The transaction enhances Versamet’s portfolio diversification and positions the company for further growth, aligning with its strategy of disciplined, accretive acquisitions.
The most recent analyst rating on (TSE:VMET) stock is a Buy with a C$2.00 price target. To see the full list of analyst forecasts on Versamet Royalties Corp. stock, see the TSE:VMET Stock Forecast page.
More about Versamet Royalties Corp.
Versamet Royalties Corporation operates in the mining industry, focusing on acquiring royalty and streaming interests in precious and base metal projects. The company aims to build a diversified portfolio of long-life assets with a strategic emphasis on precious metals, particularly gold and silver.
Average Trading Volume: 19,248
Current Market Cap: C$237.1M
For an in-depth examination of VMET stock, go to TipRanks’ Overview page.