Versamet Royalties buys 3.52% Eskay Creek gold stream for $360 million

Blackstone Inc.
Royal Gold, Inc.
Skeena Resources Limited
Versamet Royalties Corp.

Blackstone Inc.

BX

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Royal Gold, Inc.

RGLD

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Skeena Resources Limited

SKE

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Versamet Royalties Corp.

VMET

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  • Versamet Royalties entered a definitive agreement with Orion-managed funds and Blackstone affiliates to buy an existing 3.52% life-of-mine gold stream on Skeena Resources’ Eskay Creek project in British Columbia.
  • Total consideration set at USD 360 million, including USD 340 million cash and USD 20 million in Versamet shares.
  • Stream entitles Versamet to 3.52% of payable gold production, with ongoing delivery payments set at 10% of spot gold price.
  • Gold stream percentage steps up if completion tests are not met by Sept. 30, 2027, starting at 3.57% and rising quarterly.
  • Versamet plans to fund cash portion via an amended credit facility totaling USD 400 million, with closing expected in first half of April 2026.


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