The transaction increases Gold Royalty's total interest in the project to a 1.6875% net smelter return royalty and a 3.5% net profit interest. The REN project, a joint venture between Barrick Mining Corp. and Newmont Corp., is currently moving toward an initial production target in 2026. Projections suggest the site will reach full capacity by the end of 2027, with an estimated annual output of 140,000 ounces of gold.
Alongside this expansion, the firm released its 2026 Integrated Report, detailing updates to its asset portfolio and sustainability metrics. The company reported measurable improvements in Scope 2 carbon emissions and ongoing community engagement efforts. Management is scheduled to discuss these developments and the company’s broader long-term strategy during a hybrid Capital Markets Day event on June 18, 2026, featuring guest speakers from CoreX Holding BV, DPM Metals Inc, and Orla Mining Ltd.
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