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Versamet Royalties Announces Record Operating and Financial Results for the Third Quarter of 2025
All amounts are in U.S. dollars unless otherwise indicated. Vancouver, British Columbia--(Newsfi...
About this update from Versamet Royalties Corp.
[{"type":"text","content":"Versamet Royalties Announces Record Operating and Financial Results for the Third Quarter of 2025All amounts are in U.S. dollars unless otherwise indicated.Vancouver, British Columbia--(Newsfile Corp. - November 12, 2025) - Versamet Royalties Corporation (TSXV: VMET) (\"Versamet\" or the \"Company\") announces another consecutive quarter of record operating and financial results for the three months ended September 30, 2025, driven by strong operating performance across our asset portfolio, new acquisitions, and strong commodity prices.Third Quarter 2025 Highlights Record revenue of $8.1 million, an increase of 155% over Q3 2024.Record attributable gold equivalent ounces1 (\"GEOs\") of 2,699, an increase of 110% over Q3 2024.Record operating cash flow before working capital changes2 of $6.1 million, an increase of 206% over Q3 2024.Acquisition of a significant silver stream on the operating Rosh Pinah Zinc mine in Namibia and a polymetallic royalty on the operating Santa Rita mine in Brazil, both operated by Appian Capital Advisory Limited (\"Appian\").Inaugural royalty revenues from the Kiaka and Santa Rita mines. Dan O'Flaherty, CEO of Versamet, commented, \"Q3 was another record quarter for revenue, GEOs and cash flow, highlighted by the company's largest transaction to date with the acquisition of a significant silver stream on Rosh Pinah Zinc, a high-quality mine in Namibia that is currently undergoing an expansion, and a royalty on Santa Rita in Brazil, a top tier nickel-sulphide mine. The addition of these expanding cash-flowing assets has a significant impact to Versamet's GEOs, both now and in the years ahead, accelerating the Company's growth in becoming a new mid-tier precious metals royalty and streaming company. We are looking forward to a strong finish to the year and we are on track to meet our increased guidance of approximately 10,000 GEOs, growing to approximately 20,000 GEOs in 2026, as a result of the contributions from the recently acquired Rosh Pinah Zinc, Santa Rita, and Kolpa assets, as well as the continued ramp-ups at Greenstone, Kiaka, and Blackwater.\" Summary of Quarterly ResultsAll amounts in thousands, except GEOs.3 months endedSep. 30, 20253 months endedSep. 30, 2024Attributable GEOs12,6991,288Revenue$8,118$3,178Net income $3,319$3,864Adjusted EBITDA3$5,715$1,639Operating cash flow, before wo...