Caboclo

Royal Gold Announces Commitment to Acquire Gold/Platinum/Palladium and Copper/Nickel Royalties on Producing Serrote and Santa Rita Mines in Brazil

Retrieved on: 
Monday, June 12, 2023

The royalty interests consist of a gold royalty on the Serrote mine, a gold, platinum and palladium royalty on the Santa Rita mine, and a copper and nickel royalty on both the Serrote and Santa Rita mines (collectively, the “Royalties”).

Key Points: 
  • The royalty interests consist of a gold royalty on the Serrote mine, a gold, platinum and palladium royalty on the Santa Rita mine, and a copper and nickel royalty on both the Serrote and Santa Rita mines (collectively, the “Royalties”).
  • “I am pleased to announce this proposed acquisition of royalties on two attractive producing mines,” commented Bill Heissenbuttel, President and CEO of Royal Gold.
  • At the Santa Rita mine, an underground expansion project could provide a 27-year extension to the mine life.
  • The royalties will be effective as of May 1, 2023, and revenue to Royal Gold will be accrued from that date.

Mineração Vale Verde reports 2022 performance and completion of operational ramp-up

Retrieved on: 
Wednesday, February 22, 2023

Having completed construction within schedule and below budget we successfully ramped up to deliver a strong operational and financial performance.

Key Points: 
  • Having completed construction within schedule and below budget we successfully ramped up to deliver a strong operational and financial performance.
  • MVV has delivered Serrote with an industry-leading safety record, with zero (0) Lost Time Injuries ("LTI") in 1.9 million cumulative hours worked during 2022.
  • MVV delivered a strong operational performance in 2022, driven by its expert team and continuous business improvements strategy.
  • Updated technical reports are underway to confirm Mineração Vale Verde's growth to maintain the operations sustainability well above the initial 14 year life of mine.