Gold Royalty Has Announced That IAMGOLD Has Completed Its First Gold Pour At Côté Gold Mine In Ontario, Gold Royalty Holds 0.75% Net Smelter Return Royalty Over Southern Portion Of Mine, Which Will Be Incorporated Into Phase 1 Of Mine Plan
Portfolio Pulse from Benzinga Newsdesk
Gold Royalty announced that IAMGOLD has completed its first gold pour at the Côté Gold Mine in Ontario. Gold Royalty holds a 0.75% net smelter return royalty over the southern portion of the mine, which is included in Phase 1 of the mine plan.
April 01, 2024 | 10:41 am
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POSITIVE IMPACT
Gold Royalty holds a 0.75% net smelter return royalty over the southern portion of the Côté Gold Mine, which has begun gold production.
The commencement of gold production at the Côté Gold Mine positively impacts Gold Royalty due to its 0.75% net smelter return royalty. This development is likely to be viewed positively by investors, potentially increasing GROY's stock value in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
IAMGOLD has completed its first gold pour at the Côté Gold Mine in Ontario, marking a significant milestone in the mine's development.
The successful first gold pour at the Côté Gold Mine is a critical development for IAMGOLD, indicating progress in its mining operations. This achievement is likely to be seen as a positive indicator of IAG's operational success and could lead to a short-term increase in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90