Expanding its royalty portfolio
Ely Gold Royalties is a North American junior royalty company with producing and development assets focused in Nevada and the Western US. Its current portfolio includes a number of Deeded Royalties and Optioned Properties, currently generating revenue. All portfolio properties are sold or optioned on a 100% basis, while the Company retains royalty interests. All the Company’s Option Properties will produce royalties, if exercised.
Ely Gold’s royalty portfolio includes producing royalties, fully permitted mines, mines under construction and development projects that are being permitted for mine construction. The Company is currently purchasing third-party royalties to add to its portfolio.
The Company has grown from one royalty to 45 over the last three and half years. Three of which are producing. Ely predicts that by the end of this year, they should have five that are producing. Further, they have 22 properties in its portfolio that are being sold.
“We also, in the past year, brought in two important institutional investors that other investors follow. Rick Rule got involved at the beginning of the year and then Eric Sprott got involved about mid-year last year. The rising gold price hasn’t hurt us either. That’s kind of a win.” says President and CEO, Trey Wasser.
When you’re investing in a gold royalty company, you get the diversification of geography, operators and assets. In the case of Ely Gold Royalties, they’re not as diversified geographically but are focused in Nevada, which is the number one mining jurisdiction in the world.
“Gold royalty companies offer the best leverage with the lowest risk. And junior royalty companies like Ely Gold, we’re really at the sweet spot where every deal that we do moves the needle for our shareholders.” says Wasser.
For more information on Ely Gold Royalties Inc. (TSX.V:ELY, OTCQB:ELYGF) please fill out the form below.