Get the Latest Investment Ideas Delivered Straight to Your Inbox. Subscribe

News Update


Precious Metals Streaming & Royalty Co. Posts FY20 Sales of 14,870 Oz Gold Equivalent
News Update

Share on Stocktwits


Nomad Royalty Co. Ltd. reported Q4/20 and FY/20 financial results that displayed growth in gold equivalent ounces sold, total revenues and net income.

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.


1) Stephen Hytha compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Nomad Royalty Company. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.

Want to read more about Gold and Silver investment ideas?
Get Our Streetwise Reports Newsletter Free and be the first to know!

A valid email address is required to subscribe