Gold Royalty signs agreement for Pedra Branca mine royalty acquisition

Gold Royalty has signed an statement to get an existing royalty connected the Pedra Branca excavation from BlackRock World Mining Trust for $70m (C$96.65m) successful cash.

The Pedra Branca excavation is an operating copper-gold excavation successful Pará state, Brazil, presently owned and operated by a BHP Group subsidiary.

It is situated successful Água Azul bash Norte, astir 160km from Marabá and 900km from Belém.

In August 2025, BHP announced it would merchantability the Pedra Branca mine, on with its further assets successful the Carajás region, to CoreX Holding.

This transaction is expected to adjacent erstwhile the customary closing conditions are satisfied.

For the 12 months ended 30 June 2025, astir $7.9m successful royalty disbursal was paid to the erstwhile royalty holder, equivalent to astir 2,800 golden equivalent ounces astatine an mean golden terms of $2,811/oz.

Upon completion of the acquisition, the royalty is anticipated to adhd meaningful currency travel to Gold Royalty, supported by the existent golden pricing climate.

The presumption of the royalty see a 25% nett smelter instrumentality (NSR) royalty connected golden and a 2% NSR connected copper produced from Pedra Branca.

This operation is said to summation Gold Royalty's vulnerability to some golden and copper from a gross and plus worth perspective.

Gold Royalty president and CEO David Garofalo said: "We are pleased to denote different important summation to our portfolio. The acquisition of the Pedra Branca royalty represents an contiguous and worldly summation to our currency flows. On completion, our portfolio of high-quality assets volition see 8 currency flowing assets and a heavy pipeline of implicit 250 royalty and streaming interests."

The company’s royalty operation covers the Pedra Branca East and West deposits successful full, with nary step-down options.

This ensures afloat vulnerability to the asset’s semipermanent optionality.

The Pedra Branca East underground copper-gold cognition began accumulation successful 2020, with an approximate mining complaint of 800,000 tonnes per annum, nether OZ Minerals.

Following BHP’s acquisition of OZ Minerals successful 2023, BHP has extended the excavation beingness and reported increases successful the mine's mineral resources and ore reserves, arsenic disclosed successful its yearly study for the twelvemonth ended 30 June 2025.

Gold Royalty is simply a gold-focused royalty institution that provides flexible financing solutions to the metals and mining sector.

Its diversified portfolio is centred connected NSR royalties tied to golden projects, with assets predominantly located crossed the Americas.

"Gold Royalty signs statement for Pedra Branca excavation royalty acquisition" was primitively created and published by Mining Technology, a GlobalData owned brand.