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Versamet Royalties Delivers Record GEOs for 2025 and Provides 2026 Guidance
All amounts are in U.S. dollars unless otherwise indicated Vancouver, British Columbia--(Newsfil...
About this update from Versamet Royalties Corp.
[{"type":"text","content":"Versamet Royalties Delivers Record GEOs for 2025 and Provides 2026 GuidanceAll amounts are in U.S. dollars unless otherwise indicatedVancouver, British Columbia--(Newsfile Corp. - February 17, 2026) - Versamet Royalties Corporation (TSX: VMET) (\"Versamet\" or the \"Company\") is pleased to announce attributable gold equivalent ounces (\"GEOs\") for the fourth quarter and full year ended December 31, 2025, and provide guidance for 2026. Dan O'Flaherty, CEO, commented, \"2025 marked a breakout year for Versamet, highlighted by our third consecutive year of record GEOs. 2025 GEOs increased by 94% compared to 2024, underscoring the strength and scalability of our portfolio. We expect this momentum to continue in 2026, with GEOs projected to more than double to between 20,000 and 23,000. Supported by robust cash flow generation and our recently completed equity financing, Versamet is exceptionally well positioned to pursue accretive acquisitions and deliver sustained, compounding per-share growth for shareholders.\"Q4 and Full Year 2025 GEOsRecord Q4 attributable GEOs sold of 4,430, an increase of 260% over Q4 2024;Record annual attributable GEOs sold of 9,815, an increase of 94% over 2024;Inaugural silver delivery from Rosh Pinah and inaugural royalty payment from Santa Rita occurred in Q4. 2026 Outlook Versamet expects 2026 attributable GEOs to be between 20,000 to 23,000 at an average cash cost margin of approximately 93%, with approximately 85% of expected revenue derived from gold and silver. 2026 expected GEOs would represent another record for the Company and more than a 100% year-over-year increase. 2026 GEOs are calculated based on public forecasts from operators and the Company's internal estimates. Asset UpdatesKiaka (2.7% NSR)Kiaka produced 62,287 ounces of gold in Q4, its first full quarter of operational phase reporting since completion of construction, sold 56,293 ounces of gold during the quarter, and held 15,468 ounces of unsold gold bullion at the end of the quarter, which Versamet expects to contribute to Q1 2026 GEOs. Open pit mining continued to ramp up well during Q4, delivering a 76% increase in mined ounces compared to Q3. The process plant continued to ramp up on schedule, increasing mill throughput by 25% and grade by 44% over the prior quarter, and achieving 92.9% metallurgical recovery. 1Rosh Pi...