Proactive Investors – gold feed
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David Lenigas reckons Greatland Gold's Havieron is 'once in a generation' find (21 September 2020)
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Building the Next Large-Tier Royalty Business (21 September 2020)
Nomad Royalty is a TSX-listed precious metals-focused mining royalty and streaming business with a diversified portfolio of large cash flow and near-term cash flow generating mining assets.The company's focus on cash flow is demonstrated by 50% of NAV currently coming from cash flow generating assets, and this is expected to increase to 85% in 2021 as additional development assets within the portfolio reaching production.The management team driving growth at Nomad has built a major mining royalty businesses before. As the former deal team with Osisko Gold Royalties (TSE:OR), the Nomad team was fundamental in taking the business from a US$350mln market capitalisation to over US$2bn.The high levels of royalty and streaming experience with the company mean the team has been involved in every type of royalty and streaming transaction from purchasing portfolios and single assets, structuring new streams, and taking part in more complex mining finance packages.The team is focused on keeping its G&A costs low. This is demonstrated by management not taking any cash salary this year. The CEO and CIO of Nomad are also the two largest single shareholders in the business (2.5%) and as a result their interests are fully aligned with investors. Other major shareholders include Orion Resources Partners (76.6%) and Yamana Gold Inc (TSE:YRI) (NYSE:AUY) (12.9%).The company has recently announced its annual dividend policy of C$0.02 per share, payable quarterly. This demonstrates the team's commitment to returning capital to shareholders. Based on the current share price, Nomad has a dividend yield of 1.18%, which is high compared to its peer group (Figure 1).*Note: The dividend was announced post-period so is not included in Figure 1.
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Landore keeps costs tight in the half year to end June; acquires half of the 2% NSR on Lamaune (21 September 2020)
iTs highly prospective Canadian portfolio includes the BAM gold deposit on the Junior Lake project which holds a resource of over a million ounces of gold
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Proactive weekly mining wrap: IronRidge Resources, AEX Gold, Alien Metals... (19 September 2020)
A snapshot of the news from the mining sector released over the past week
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Shanta Gold’s US$90mln cashflow from New Luika will underpin development work on the district-scale West Kenya project (18 September 2020)
Shanta Gold has built up a strong track record of gold production
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Shanta Gold 'one of the best looking junior gold companies in London', says Alastair Ford (18 September 2020)
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IronRidge Resources reveals yet more high-grade drill results (17 September 2020)
"Zaranou continues to deliver outstanding drilling results and the board's confidence in a significant project grows on each drill hole and gold mineralised intersection,” said chief executive Vincent Mascolo
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Scotgold’s Cononish gold mine ticks all the right boxes (16 September 2020)
Scotgold will pour its first gold at Cononish before the year end
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Chaarat Gold says production on track at Kapan (16 September 2020)
Chaarat is looking to expand the resource at Tulkubash
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AEX Gold says first samples from Greenland exploration have been sent to lab and an outcropping vein has been identified (16 September 2020)
The dual-London and Toronto-listed gold exploration group told investors that 1,200 metres of drilling had now been completed this summer season with first samples already sent to the lab
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