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

Paul Jones, President of Versamet Royalties (TSX: VMET) (NASDAQ: VMET), joins me to outline the key record metrics from the Q2 earnings released on August 13.  Paul reiterates that the Company is well on track to achieve their 2026 production guidance of 20,000 to 23,000 gold equivalent ounces. The portfolio of assets generated over $47 million in revenue in the first half of the year, which positions Versamet well to pursue accretive acquisitions, while maintaining a disciplined approach to deploying capital.

 

Q2 2026 Financial Highlights

 

• Revenue of $23.7 million, an increase of 392% over Q2 2025.
• Record attributable gold equivalent ounces (“GEOs”) of 5,255, an increase of 256% over Q2 2025.
• Operating cash flow before working capital changes of $19.5 million, an increase of 506% over Q2 2025.
• Net income of $4.9 million, an increase of 2,781% over Q2 2025.
• Record adjusted EBITDA of $18.8 million, an increase of 747% over Q2 2025.

 

Q2 2026 Corporate Highlights

 

• Acquired a cornerstone 3.52% existing gold stream, on the Eskay Creek gold-silver project, operated by Skeena Resources, located in British Columbia, Canada.  This materially enhances the near-term growth profile, and gold equivalent ounce production for 2027 and beyond.

 

Paul reviewed a few of the key cornerstone royalty and streaming assets, and outlined their solid operating partners in the field. Additionally, he highlighted several organic growth catalysts on tap over the next year, including the completion of the Rosh Pinah expansion, the Eskay Creek production commencing, the first gold production at Toega and Cuiú Cuiú.   The company anticipates annual attributable production run rate in 2027 to increase to approximately 35,000 GEOs.

 

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