Balance Sheet StrengthStrong liquidity, lack of debt, and available revolver capacity position the company to fund capital returns and portfolio investments while navigating market swings.
High-quality Growth AssetBlackwater's status as a tier‑one, low‑cost precious metals operation with room for expansion and exploration upside supports sustained top-line growth for the portfolio.
Strategic AcquisitionAcquisition of a life-of-mine gold stream on the Spring Valley project increases U.S. exposure and provides exploration upside that can lift future royalty volumes.