The merger with Altus would provide investors with increased scale and diversification across 11 producing assets."įirst delivery of 408 gold ounces from the Ming Gold Stream from sales relating to Q2 2022, with gross value of approximately US$694,000 using a US$1,700/oz gold price "Combined with inaugural revenue from Mercedes expected in Q3, Elemental's near term revenue profile is unique amongst royalty peers. "Gold deliveries from the Ming Gold Stream is our first revenue from a Canadian mine, increasing our exposure to Tier 1 mining jurisdictions," said Frederick Bell, Elemental's Chief Executive Officer. Elemental acquired a 1% NSR royalty on the Mercedes gold-silver mine in July 2018, payable from the earlier of either a production threshold or July 28, 2022. In parallel, Elemental's 1% Net Smelter Return (" NSR") royalty on the Mercedes Gold Mine (" Mercedes") is now payable.
(TSXV: ELE) (OTCQX: ELEMF) (" Elemental" or " the Company") is pleased to announce that it has received first gold deliveries under the gold purchase and sale agreement (the " Ming Gold Stream") with Rambler Metals and Mining Canada Limited, a wholly owned subsidiary of Rambler Metals and Mining PLC (" Rambler"), the owner of the Ming Copper-Gold Mine (the " Ming Mine") in Newfoundland and Labrador in Canada. July 28, 2022) - Elemental Royalties Corp. Vancouver, British Columbia-(Newsfile Corp.