{"id":1167457,"date":"2020-02-24T13:23:36","date_gmt":"2020-02-24T19:23:36","guid":{"rendered":"https:\/\/www.mining.com\/?p=1014958"},"modified":"2020-02-24T13:23:36","modified_gmt":"2020-02-24T19:23:36","slug":"yamana-and-orion-sell-royalties-and-streams-to-newly-launched-nomad","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1167457","title":{"rendered":"Yamana and Orion sell royalties and streams to newly launched Nomad"},"content":{"rendered":"<p>Newly launched royalty company\u00a0Nomad\u00a0has entered into purchase agreements worth $268 million with\u00a0Orion Resource Partners\u00a0and $65 million with\u00a0Yamana Gold (TSE: YRI) \u00a0to acquire portfolios of royalty, stream and gold loan assets.<\/p>\n<div class='d-flex justify-content-center d-xs-block d-sm-block d-md-none'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>\u201cTogether with our partners, Orion and Yamana, we are excited to combine our significant expertise to deliver a new generation royalty company and execute an aggressive growth plan,\u201d Vincent Metcalfe, CEO of the royalty company, and Joseph de la Plante, its chief investment officer, said in a release.<\/p>\n<p>The new company will hold a portfolio of 10 royalty, stream and gold loan assets which are anticipated to generate over $30 million in operating cash margin by 2021.<\/p>\n<figure class=\"wp-block-pullquote alignright\">\n<blockquote>\n<p> As part of the $268-million Orion acquisition, Nomad is acquiring streams in five assets in Africa, Australia and the U.S. as well as a gold loan <\/p>\n<\/blockquote>\n<\/figure>\n<p>As part of the $268-million Orion acquisition, Nomad is acquiring streams in five assets in Africa, Australia and the U.S. as well as a gold loan. The company will issue 396.5 million common shares to Orion, at $0.9 each, as consideration.<\/p>\n<p>The Yamana portion of the transaction will add three royalties in Brazil and Argentina to Nomad\u2019s portfolio as well as a commercial production payment on\u00a0Mineros\u2019\u00a0Gualcamayo mine deep carbonates project. <\/p>\n<p>Nomad will pay Yamana $20 million in cash and issue $45 million in shares, at $0.9 each. The cash component will be made up of a combination of cash on hand as well as of proceeds from a private placement of subscription receipts.<\/p>\n<p>Currently operating as publicly traded\u00a0Guerrero Ventures, the company will change its name to Nomad Royalty Company upon completion of the transaction, which is expected in the second quarter. <\/p>\n<p>On a pro-forma basis, Orion will hold approximately 77% of Nomad\u2019s shares outstanding whereas Yamana will own 13%.<\/p>\n<p><em>(First appeared at the <\/em><a href=\"http:\/\/www.canadianminingjournal.com\/news\/precious-metals-yamana-and-orion-sell-royalties-and-streams-to-newly-launched-nomad\/\"><em>Canadian Mining Journal<\/em><\/a><em>)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nomad is acquiring streams in five assets in Africa, Australia and the U.S.<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[2849,369,4,2640],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1167457"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1167457"}],"version-history":[{"count":1,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1167457\/revisions"}],"predecessor-version":[{"id":1167458,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1167457\/revisions\/1167458"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1167457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1167457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1167457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}