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Versamet Royalties Corporation Common Stock

VMET

Versamet Royalties Corporation is dedicated to the acquisition and management of royalty interests, metal streams, and analogous investments tied to mining ventures and operations across the globe. The company strategically targets precious metals, copper, and a range of other diversified metals. Its current holdings prominently feature the Kolpa, Kiaka, and Greenstone projects. Founded on January 31, 2022, its corporate headquarters are located in Vancouver, Canada.

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Analysis

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Financials

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Asset Pipeline

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Information

Key Information

Legal Entity

Versamet Royalties Corporation Common Stock

Sector

Precious Metal

Founded

March 6, 2026

Employees

6

Reporting Currency

USD

Contact Phone

+1 604 229 0609

Headquarters Address

733 Seymour Street , Vancouver , BC V6B 0S6 , CA

Identifiers

CUSIP

92528V200

Commodity Portfolio

AU Gold Primary
AG Silver Secondary

Stock Exchanges

VMET NASDAQ • USD
VMET:NASDAQ
VMET TSX • CAD
VMET:TSE
VRMTF OTC • USD
VRMTF:OTCMKTS

Organization

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Videos

Gold Royalty: $100m FCF Targeted by 2030 at Spot

Gold Royalty: $100m FCF Targeted by 2030 at Spot

Mining Network
12 days ago 25:16

Key Highlights

brief
  • Griffith says Tether owns between 14% and 15% of Versamet, alongside similar stakes in Gold Royalty and Metalla, while noting Tether's intentions are not entirely clear.

Gold Royalty targets 28,000-34,000 gold equivalent ounces by 2030 — a six-fold rise — with 70% of that growth already permitted and built. The president projects about $100 million of free cash flow by 2030 at spot prices against flat G&A near $8 million and no debt. Growth is spread across Cote, REN, Vares, Borborema and Agnico's Odyssey, so no single asset carries the ramp and geopolitical risk stays low. The Vares copper stream reached commercial production under DPM Metals after a six-month mine-plan pause and could soon make copper a quarter of revenue. About $200 million of debt-free dry powder supports busy deal flow, while a sustainable, growable dividend is under internal discussion ahead of buybacks.

Gold Should Be $9,000 Right Now | David Garofalo

Gold Should Be $9,000 Right Now | David Garofalo

The Deep Dive
about 2 months ago

Key Highlights

brief
  • Garofalo lists Versamet Royalties among the royalty peer companies in which Tether has accumulated open-market positions.

Gold Royalty CEO David Garofalo argues currency debasement will double gold within a year, citing M2 money supply correlation near $9,000 fair value. Mining reserves have fallen roughly 40% from the 2012 peak despite record prices, as junior underfunding starved the industry of new ounces. Royalty models capture gold price leverage at the top line, dodging the cost inflation and labor settlements squeezing producing miners. Tether has accumulated a passive 14% stake in GROY through public market buys, joining Versamet, Metalla, and Elemental among royalty peers. Garofalo says AI data mining of historic technical reports is the most promising near term efficiency gain in generative exploration.

Versamet Royalties–Record Q2 Earnings Metrics, Royalty & Streaming Partner Updates, Growth Into 2027

Versamet Royalties–Record Q2 Earnings Metrics, Royalty & Streaming Partner Updates, Growth Into 2027

The KE Report
about 2 months ago

Key Highlights

detailed
  • Q2 2026 produced a record 5,255 GEOs with operating cash flow just shy of $20M and EBITDA of about $19M, lifting year-to-date revenue to ~$48M (results released August 13).
  • Year-over-year growth came in well above triple digits: revenue +392%, GEOs +256%, operating cash flow +506% and EBITDA +747% from Q2 2025 to Q2 2026.
  • The guest sizes 2026 GEO output at 20,000-23,000 ounces and projects a ~35,000 GEO run-rate in 2027 once SK Creek comes online, framing it as the next material step in organic growth.
  • After closing the SK Creek deal the guest says Versamet does not feel pressure to add, but stays opportunistic with a stated $100M-$150M acquisition sweet spot focused on near-term cash-flowing assets.
  • Strategy emphasizes partnering with well-capitalized, technically capable operators so mine-life extensions, throughput gains and higher-grade pockets flow to the royalty line at no extra cost to Versamet.

Versamet posted record Q2 with revenue up 392% and EBITDA up 747% year-over-year, underscoring the cash-flow strength of its royalty model. The 3.52% Eskay Creek gold stream, due mid-2027, should lift attributable production to roughly 35,000 GEOs (gold equivalent ounces) versus 20–23K in 2026. Versamet's operator partners — Equinox, West African, Endeavour Silver — deliver asymmetric upside, since mine-life gains and grade improvements flow straight to its bottom line. Rosh Pinah's RP 2.0 expansion is ~95% complete and is on track to nearly double the mine's throughput to 1.4 million tons annually. Surprise catalysts — Cabral Gold's Cuiú Cuiú pour in September 2026 and Southern Copper's El Palar build starting 2027 — add ounces plus copper exposure.

B2Gold CEO Mike Cinnamond on Execution, Buybacks, Dividends & Capital Allocation

B2Gold CEO Mike Cinnamond on Execution, Buybacks, Dividends & Capital Allocation

Mining Network
3 months ago

Key Highlights

brief
  • The CEO says Versamet is doing really well and that B2Gold is a happy shareholder, watching it progress as one of its strategic stakes.

B2Gold's gold prepaids ended in June, freeing roughly $90 million of monthly free cash flow as the producer shifts into cash-harvest mode. Goose fire remediation combines with the Stage 1 mill expansion in Q3, targeting 3,200 tonnes per day and 4,000 tpd steady state by mid-2027. Management sees shares at a material discount to NAV (net asset value), prioritizing opportunistic buybacks of up to 10% of the float yearly. The pending Fekola Regional permit in Mali is the main catalyst; a three-month strip follows approval before incremental ounces reach the mill. Q1's AISC (All-In Sustaining Cost — what it really costs to produce an ounce) beat guidance on inventory sales and capex timing, with guidance unchanged.

Pitch Rick Ep #1 - Versamet Royalties

Pitch Rick Ep #1 - Versamet Royalties

Rule Investment Media
3 months ago

Key Highlights

detailed
  • The CEO agrees the NAV of Versamet's operating and near-operating royalties already exceeds its enterprise value, about $1.6 billion EV on just under $400 million of net debt versus a market cap just over $1 billion, with shares at about 10 times pro forma cash flow, a 50-100% discount to larger royalty peers (as of this July 2026 interview).
  • Per-share growth is the pitch: 5,000 gold-equivalent ounces in 2024, 10,000 in 2025, 20,000-23,000 expected for 2026 on roughly $100 million of revenue, and a 35,000-ounce run rate once Eskay Creek starts mid-2027.
  • Ownership is concentrated: B2Gold just under 30%, Tether just over 12%, Equinox 11%, the Lundin family 9% and insiders over 10%, with the CEO noting those shares were bought with written checks after the spinout.
  • The balance sheet carries about $370 million of debt against $10 million of cash, repayable in under three years from cash flow at the 35,000-ounce run rate, run by eight employees at roughly 90% operating margins.
  • Behind the bankable NAV the CEO lists long-dated royalties he treats as free call options, including Hackett River (about $20 million a year of cash flow if built), Prairie Creek, Makoa and Converse, plus Kui Kui entering production later this year at no added cost.

The CEO argues the value of Versamet's producing royalties alone exceeds its roughly $1.2 billion market cap, before counting development assets. Royalties (cuts of production, not mines) give Versamet 90% operating margins with eight staff; it trades near 10 times cash flow, well below larger peers. Gold-equivalent production has doubled annually from 5,000 ounces in 2024 and should reach a 35,000-ounce run rate once the Eskay Creek stream starts in 2027. The $360 million Eskay Creek stream was priced tightly, but Skeena's planned mine-plan upgrade could materially lift the stream's net present value. With about $370 million of debt repayable from under three years of cash flow, officers and directors own over 10% of shares.

Nick Hodge – Investing Strategies in Gold, Copper, Lithium, Uranium, And Critical Minerals Stocks

Nick Hodge – Investing Strategies in Gold, Copper, Lithium, Uranium, And Critical Minerals Stocks

The KE Report
6 months ago

Nick Hodge is applying a pruning and planting strategy, taking profits in overweight gold positions like GDXJ and Royal Gold to deploy capital into pullbacks or other mineral sectors. Copper stocks are rebounding from steep March corrections, with M&A activity like Hudbay's acquisition of Arizona Sonoran highlighting the value of advanced assets in desirable jurisdictions. Growing investor interest in defense metals is accelerating, with antimony, rare earths, and uranium gaining macroeconomic and political traction for domestic production and energy security.

Versamet Royalties – Acquisition of 3.52% Gold Stream At Eskay Creek, Production To Commence In 2027

Versamet Royalties – Acquisition of 3.52% Gold Stream At Eskay Creek, Production To Commence In 2027

The KE Report
6 months ago

Versamet Royalties acquires a 3.52% uncapped gold stream on the high-grade Eskay Creek project for $340 million, significantly boosting its production profile. The acquisition is expected to add 10,000 GEOs annually starting in 2027, increasing Versamet's total output by approximately 50%. Management highlights the torque royalty companies can achieve through strategic debt financing and partnerships with strong operators like Skeena Resources.

Articles

Versamet Royalties Posts Record Q2, Outlines Path to 35,000 GEOs by 2027

Versamet Royalties Corp (VMET) reported record Q2 2026 gold equivalent ounces (GEOs) of 5,255 and year-to-date operating cash flow near $40 million. Management points to SK Creek (Skeena), Cabral Gold's QUQU project, and Southern Copper's El Palar as the next leg of growth toward roughly 35,000 GEOs by 2027.

about 2 months ago
Versamet Royalties–Record Q2 Earnings Metrics, Royalty & Streaming Partner Updates, Growth Into 2027
Read article

Versamet Royalties: Management Argues Its Streams Are Already Worth More Than Its $1.6 Billion Enterprise Value

In a pitch-format interview, Versamet Royalties' chief executive argues the company's royalties and streams — anchored by a $360 million Eskay Creek gold stream — are already worth more than its roughly $1.6 billion enterprise value. He lays out growth from 20,000-23,000 gold equivalent ounces in 2026 to a 35,000-ounce run rate by mid-2027, with debt repaid in under three years.

3 months ago
Pitch Rick Ep #1 - Versamet Royalties
Read article

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