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Recent Updates — VMET

August 13, 2026View Source ↗

Versamet Royalties reported record financial results for the six months ended June 30, 2026, with total revenue reaching $47.7 million and net income of $18.7 million, compared to $8.3 million in revenue and $2.0 million in net income during the same period in 2025. The company achieved 10,168 attributable gold equivalent ounces (GEOs), driven by increased production from existing assets including Kiaka, Rosh Pinah, and Greenstone. A key strategic event was the April 10, 2026 acquisition of a 3.52% life-of-mine gold stream on the Eskay Creek project for $360 million, funded via $340 million in cash drawn from amended credit facilities and 2,054,906 shares issued to Orion Resource Partners and Blackstone affiliates. The company also raised net proceeds of approximately $117.4 million through public offerings and private placements with Tether Investments. Versamet operates as a precious metals royalty and streaming company.