FINANCE VIDEO: Abitibi Royalties Inc To Become the 'Best Gold Company'
21.07.2016 | ABN Newswire
Quebec - Abitibi Royalties' (CVE:RZZ) (OTCMKTS:ATBYF) objective is to capture the upside potential inherent to the various stages of the mining sector, while limiting the risks related to the difficulties in assessing the rate of success and accurately predicting the costs for exploration, development, and mine operation.Royalties are a right to receive a percentage of the production from a mine. However, royalties may have various structures and they may be created for different reasons and at different stages from exploration to development. Our team has a long history of developing a variety of such structures specifically during the early stages of exploration. This acquired experience makes Abitibi Royalties unique in the universe of royalty companies.
Abitibi Royalties was initially spun out of Golden Valley Mines (CVE:GZZ) and listed as a public company in 2011. The flagship royalty in this portfolio is 3% net smelter return (NSR) royalty on the eastern portion of the Canadian Malartic mine (owned and operated by Agnico Eagle and Yamana Gold), which includes the Barnat Extension and Jeffrey gold deposits. The NSR also includes the exciting new Odyssey North discovery that was announced in 2014.
To view the video, please visit:
http://www.abnnewswire.net/press/en/84241/RZZ
About Abitibi Royalties Inc.:
Abitibi Royalties Inc. (CVE:RZZ) holds a 3% NSR on the Odyssey North discovery, Jeffrey Zone and the eastern portion of the Barnat Extension and a 2% NSR on portions of the Gouldie and Charlie zones all at the Canadian Malartic mine near Val-d'Or, Quebec. 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 that have an approximate market value of CDN$56.2 million and approximately CDN$2.9 million in cash (as reported on June 2, 2016). The Company is debt free.
Golden Valley Mines Ltd. and Rob McEwen hold approximately 49.4% and 12.3% interest in Abitibi Royalties, respectively.
Contact:
Ian J. Ball, President and CEO
Abitibi Royalties Inc.
T: +1-416-346-4680
E: ian.ball@abitibiroyalties.com
Media: Victor Webb Marston Webb International
T: +1-212-684-6601
F: +1-212-725-4709
E: marwebint@cs.com
www.marstonwebb.com