Gold Royalty Acquires 0.1875% Interest in Ren Project
Gold Royalty (GROY) announced the acquisition of an additional interest in an existing royalty over the Ren project. The company has acquired an additional indirect 0.1875% net smelter return royalty, or NSR, interest over the Ren project for total cash consideration of $6.25M. This is in addition to the existing indirect 1.50% NSR interest held on the same terms. As a result, the company's net interests over the Ren project have increased to a 1.6875% indirect NSR and a 3.5% net profit interest. The Ren project is a development-stage project located in Nevada, owned by Nevada Gold Mines, a joint venture between Barrick Mining (B) and Newmont (NEM), and operated by Barrick. Barrick has announced that it expects to achieve first production at Ren in 2026 and ramp up to full production by year-end 2027, with an annual forecasted average gold production of 140,000 ounces.
