Summit Royalties Ltd. has completed the acquisition of a 1.0% net smelter return (NSR) royalty on Newmont's Saddle North Deposit by issuing C$5 million in shares. This royalty allows Summit to earn a percentage of revenue from the deposit's production, with Newmont retaining the right to buy back half of the royalty within five years of commercial production for C$750,000. The acquisition strengthens Summit's portfolio of precious metals royalties and supports its growth strategy to increase cash flow through accretive acquisitions. Summit remains debt-free and well-capitalized for future deals.
Newmont Corporation reported a 45.85% year-over-year revenue increase in Q1 2026, driven by higher gold prices despite a 10% drop in production. The company’s free cash flow surged 160.91%, supported by operational improvements and a focus on high-re...
Newmont Corporation reported its best quarter ever with $3.8 billion in operating cash flow and $5.2 billion in adjusted EBITDA despite operational challenges. The company is returning significant capital to shareholders through $2.7 billion in buyba...
Newmont Corporation reported a record $3.14 billion free cash flow in Q1 despite a production decline of over 15%. The company maintains strong liquidity and has authorized a new $6 billion share buyback program. While 2026 is expected to be a produc...
