Loading ...on GROY’s best royalty (3% Odyssey royalty Canadian Malartic Mine) and on their earnings release they show production at end of Q1 2023. That will be Canada’s largest underground mine that increases the mine life for a couple of decades. Groy PR guy said this Malartic Mine life extended to 2050 on media interview on groy website
GROY, only 130 mil shares, stock price is cheap.
from Yamana earnings release
- Initial expansionary capital spend through to the end of 2022 is expected at less than $150 million (50% basis), with over half of that spend supporting ramp access and development of the Odyssey ore body. As underground development has now entered areas with established ore, once the plant feed commences in the first quarter of 2023, immediate return on capital spend is achieved and, as previously disclosed and discussed below, gold ounces produced will subsidize the further and more significant initial expansionary capital spend.