
Altius Minerals Secures Extended Royalty Rights in Nevada
In a significant development, Altius Minerals (TSX: ALS) has claimed a partial arbitration victory that stands to enhance its royalty entitlements over Nevada's Silicon gold district. For further details, view the comprehensive report here. Following this arbitration decision, Altius' shares saw a notable increase, underscoring the market's positive reaction to the news.
The arbitration tribunal's decision, announced on Friday, affirmed that the company's 2015 royalty agreement with AngloGold Ashanti encompasses not only the originally defined 26.6 km2base area but also extends to certain adjacent lands. This decision grants Altius a 1.5% net smelter return on discoveries within the Silicon project in Nye County, Nevada, which includes the Silicon and Merlin deposits developed by AngloGold since 2017.
The Silicon project currently holds an inferred resource of 3.37 million ounces of gold, contained within 120.44 million tonnes of ore at a grade of 0.87 g/t gold for the oxide portion alone. Additionally, the Merlin deposit shows further potential with its significant oxide ore bodies.
The award may mean that nearly all of the Merlin deposit's southern expansion falls under Altius' royalty scope, although lands acquired from third parties, such as Coeur Mining and Corvus Gold, before the royalty agreement's start date, including the North Bullfrog and Motherlode areas, remain outside the royalty parameters. These regions are historically rich in mineralization and pivotal to AngloGold's operations, particularly as the North Bullfrog is slated to become AngloGold's first operational venture in Nevada.
Financial analyst Raymond James regards the decision as advantageous for Altius, citing increased clarity on royalty territories; however, the banker also notes the exclusion of Bullfrog diminishes immediate revenue prospects for Altius. The parties must now present a detailed account of territory claims subject to royalties to the tribunal within 60 days for final arbitration.
Following the verdict, Altius saw their stock rise by 2.6%, achieving a 52-week high of C$27.75, thus positioning the company's market capitalization at approximately C$1.3 billion, or $890 million USD, indicating strong market confidence in the company's future prospects.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
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- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
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- MOST CONSUMED PRODUCT
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5. MOST PROMISING SUPPLYING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
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7. GLOBAL PRODUCTION
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The Largest Importers on The Market and How They Succeed
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9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2024
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
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11. COUNTRY PROFILES
The Largest Markets And Their Profiles
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- China
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- Indonesia
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LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption, By Country, 2018–2024
- Production, In Physical Terms, By Country, 2012–2024
- Imports, In Physical Terms, By Country, 2012–2024
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- Import Prices, By Country Of Destination, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Origin, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Consumption, By Country, 2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Production, By Country, 2024
- Production, In Physical Terms, By Country, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, 2012–2024