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Versamet Royalties Announces Record Revenue and Gold Equivalent Ounces for the Second 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 Revenue and Gold Equivalent Ounces for the Second Quarter of 2025All amounts are in U.S. dollars unless otherwise indicated.Vancouver, British Columbia--(Newsfile Corp. - August 27, 2025) - Versamet Royalties Corporation (TSXV: VMET) (\"Versamet\" or the \"Company\") announces its operating and financial results for the three months ended June 30, 2025.Second Quarter 2025 Highlights Record revenue of $4.8 million.Record attributable gold equivalent ounces1 (\"GEOs\") of 1,475.Record operating cash flow before working capital changes2 of $3.2 million.The Company's common shares commenced trading on the TSX Venture Exchange under the symbol \"VMET\".Acquisition of a copper stream on the operating Kolpa mine in Peru, owned by Endeavour Silver Corp. (\"Endeavour\") and received inaugural copper delivery in June.West African Resources Ltd (\"West African\") poured first gold at its Kiaka mine and Artemis Gold Inc. (\"Artemis\") announced the commencement of commercial production at its Blackwater mine. Increased the Company's revolving credit facility to $60 million, with an additional $15 million accordion feature.Dan O'Flaherty, CEO of Versamet, commented, \"The second quarter was highlighted by several significant milestones in Versamet's short history as the Company's common shares commenced trading on the TSX Venture Exchange in May and the first gold pour occurred at Kiaka in June, which will be a meaningful contributor to our royalty revenue going forward. In addition, we completed the acquisition of a copper stream on the operating Kolpa mine which adds another paying asset to our portfolio. As a newly listed company, we continue to focus on enhancing our market profile and broadening our investor base in parallel with actively evaluating new opportunities to accretively grow our asset portfolio. We are on track to meet our guidance of 8,000 to 9,500 GEOs this year with increasing positive free cash flow generation expected for the second half of the year as Greenstone, Kiaka, and Blackwater continue to ramp up operations to nameplate capacity and the start of pre-strip mining at Toega in the fourth quarter.\"Summary of Quarterly ResultsAll amounts in thousands, except GEOs.3 months endedJun. 30, 20253 months endedJun. 30, 2024Attributable GEOs11,4751,237Revenue$4,826$2,901Net income $170$1...