Summit Royalty Acquires Cash Flowing Portfolio of Royalties and Stream from IAMGOLD Corporation for $17.5 Million

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[{"type":"text","content":"\n\n\n\n Summit Royalty Acquires Cash Flowing Portfolio of Royalties and Stream from IAMGOLD Corporation for $17.5 Million\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n TORONTO\n \n\n ,\n \n\n June 18, 2025\n \n\n /CNW/ - Summit Royalty Corp. (\"\n \n Summit\n \n \" or the \"\n \n Company\n \n \"), a private royalty and streaming company, is pleased to announce the successful acquisition of a portfolio of cash flowing royalties and stream (the \"\n \n Portfolio\n \n \") from IAMGOLD Corporation (NYSE: IAG) (TSX: IMG) and its affiliates (collectively, \"\n \n IAMGOLD\n \n \") for total consideration of\n \n $17.5 million\n \n . Unless otherwise indicated, all $ amounts are expressed in US dollars.\n \n\n\n\n\n\n\n\n\n\n Key Portfolio Assets\n \n\n\n The key assets in the Portfolio include:\n \n\n\n\n Bomboré Silver Stream (Ganzourgou Province,\n \n Burkina Faso\n \n )\n \n – a 50% silver stream on the operating Bomboré Mine owned and operated by Orezone Gold Corporation;\n \n\n\n Pitangui Royalty (Minas Gerais,\n \n Brazil\n \n )\n \n – an\n \n $80\n \n /oz production royalty on the first 250 Koz of gold sold, and a 1.5% NSR royalty thereafter on the Pitangui project currently under development by Jaguar Mining Inc.;\n \n\n\n Zancudo Royalty (\n \n\n Titiribi,\n \n Colombia\n \n\n\n )\n \n – a 0.5% NSR royalty on the operating Zancudo Mine owned and operated by Denarius Metals Corp.; and\n \n\n\n Lavras do\n \n Sul Royalty\n \n (Rio Grande do Sul,\n \n Brazil\n \n )\n \n – a 3.0% NSR royalty on the over 5,000 Ha Lavras do Sul project owned by Lavras Gold Corp.\n \n\n\n\n \"I am very pleased to announce the successful completion of Summit's cornerstone acquisition of royalty and stream assets from IAMGOLD\"\n \n commented\n \n Drew Clark\n \n , Founder and President of Summit.\n \n \"Anchored by a cash flowing silver stream on the Bomboré mine operated by Orezone Gold Corporation and coupled with a suite of royalties with definitive timelines to production and meaningful expansion and ex...

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