Abitibi Royalties Inc. (CVE:RZZ) holds a 3% NSR on the Odyssey North discovery, Jeffrey Zone and the eastern portion of the Barnat Extension, located inside the Malartic CHL property and a 2% NSR on portions of the Gouldie and Charlie zones, all at the Canadian Malartic mine near Val-d’Or, Québec. In addition, the Company is building a portfolio of royalties on early stage properties near producing mines. The Company owns common shares in Yamana Gold and Agnico Eagle Mines (market value), plus cash (as of September 30, 2016) of Cdn$41.8 million. The Company is debt free.
Abitibi Royalties Inc.
CVE:RZZ ISIN:CA0036841074
News
Abitibi Royalties Inc. (CVE:RZZ) is pleased to announce the receipt of the year-end 2014 gold Reserve and Resource estimate completed by Canadian Malartic GP operated by Agnico Eagle Mines Limited and Yamana Gold Inc.
Abitibi Royalties Inc. (CVE:RZZ) ("Abitibi Royalties" or the "Company") is pleased to announce that the Company received its first royalty payment in the amount of Cdn$254,500. The payment is from the Company's 2% net smelter royalty (NSR) that covers a portion of the Gouldie Zone at the Canadian Malartic mine.
Abitibi Royalties Inc. (CVE:RZZ) is pleased to announce that the Company received its first cash flow on April 15, 2015 in the form of a quarterly dividend from Yamana Gold. The quarterly dividend totalled approximately CDN $67,500.
Abitibi Royalties Inc. (CVE:RZZ)is pleased to announce that SIDEX, Fonds régionaux de solidarité FTQ Abitibi-Témiscamingue and the Fonds de solidarité FTQ have purchased an additional 336,900 common shares of Abitibi Royalties and now collectively own approximately 495,700 common shares or 4.6% of the Company.
ABN Newswire is pleased to provide the PDAC2015 Video Interview Series conducted at the PDAC2015 Prospectors and Developers Association of Canada Annual Conference and Exhibition in Toronto.
Mr. Ball was formerly the President and was previously Vice President (Mexico)/Senior Vice President of McEwen Mining. He is credited with leading the McEwen Mining team that built the El Gallo 1 mine on time and budget, in addition to making the El Gallo 2 discovery in Mexico.
Abitibi Royalties Inc. (CVE:RZZ) is pleased to announce that it has completed the transaction previously announced on February 23, 2015 worth approximately C$55 million to C$65 million or C$5.25 to C$6.20 per share of the Company
Mr. Ball was formerly the President and was previously Vice President (Mexico)/Senior Vice President of McEwen Mining Inc. (NYSE:MUX). He is credited with leading the McEwen Mining team that built the El Gallo 1 mine on time and budget, in addition to making the El Gallo 2 discovery in Mexico.
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