Nomad Royalty Company Ltd. (NSR:TSX; NSRXF:OTCQX) announced in a news release fourth quarter and full-year 2020 operating and financial results for the period ended December 31, 2020.
Nomad Royalty's CEO and Chair of the Board of Directors Vincent Metcalfe remarked, "Nomad had a strong fourth quarter with revenue of $6.8 million as the portfolio continued to demonstrate its strength and reliability. As for the year 2020, Nomad was successful in launching and establishing a strong platform, while executing on the business plan of becoming a significant player in the sector. For 2021, Nomad expects organic portfolio growth which will allow it to continue to generate strong free cash flow while reinvesting in new opportunities that will support further growth and returns to shareholders."
The company reported that for Q4/20 it earned 2,746 oz Au and of 64,568 oz Ag, compared to 2,450 Au and 138,209 oz Ag during Q4/19. For FY/20 the firm indicated that it earned 11,475 oz Au and of 217,401 oz Ag, versus 9,800 Au and 292,861 oz Ag during Q4/19.
Nomad advised that on a combined basis, in Q4/20 it sold a total of 3,587 oz gold equivalent (Au eq), compared to 3,084 oz Au eq in Q4/19 and that for FY/20, it had total sales of 14,870 oz Au eq, compared to 12,233 oz Au eq for FY/19.
The company reported that it posted revenues of $6.8 million for Q4/20, compared to $4.6 million for Q4/19. For FY/20, the firm stated that total revenues were $26.8 million, up from $17.4 million in FY/19.
The firm added that it posted net income of $11.3 million for Q4/20, compared to $1.5 million for Q4/19. For FY/20, the firm reported income of $20.1 million, compared to $2.0 million during FY/19.
Nomad commented that in Q4/20 it completed the acquisition of Coral Gold Resources Ltd., owner of a sliding-scale 1% to 2.25% NSR royalty on Nevada Gold Mines' Robertson property, and finalized the purchase of a 0.21% NSR royalty on the Blackwater Gold Project located in British Columbia.The company added that it completed a secondary offering by Yamana Gold Inc. of 22,750,000 common shares of Nomad and also declared a second quarterly dividend in the aggregate amount of $2.2 million.
Nomad advised that for both Q4/20 and FY/20 100% of the company's revenues were generated from gold and silver, in line with its mission of concentrating strictly on precious metals and not exceeding more than 10% in revenue from other commodities. The firm noted that in Q4/20 this revenue was sourced 58% from the Americas, 42% from Africa and 0% from Australia. The company indicated that for FY/20, these percentage were 68%, 28% and 4% respectively.
The firm provided detailed summaries from its numerous projects. The company stated that the Blyvoor Gold Mine mineral resource is now expected to be completed in Q1/21.
In addition, the company reported on recent activities regarding the Blyvoor Gold Stream, Bonikro Gold Stream, Mercedes Silver Stream, South Arturo Silver Stream, Woodlawn Silver Stream, Blackwater Gold Royalty, Gualcamayo Gold Royalty, Moss Gold Royalty, RDM Gold Royalty, Robertson Gold Royalty and Troilus Gold Royalty operations.
The company owns a portfolio of 12 royalty, stream and gold loan assets, of which six are on currently producing mines. Nomad indicated that its strategy going forward is to continue enlarging and diversifying its low-cost production profile by purchasing additional producing and near-term producing gold & silver streams and royalties.
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