VMET press release
Key Highlights
- ➤Q3 revenue $21.1 million, up 160% year over year
- ➤Q3 adjusted EBITDA $17.9 million, up 212% year over year
- ➤Q3 operating cash flow before working capital changes $18.1 million, up 196%
- ➤Kiaka Q3 gold production reached record 76,030 ounces, up 13% sequentially
- ➤Eskay Creek construction exceeded 80% completion, targeting first ore in Q2 2027
Expert Statements
Dan O'Flaherty, CEO of Versamet Royalties Corporation
“The third quarter reflected material progress across our portfolio. Our producing assets performed well highlighted by increased gold production at Kiaka (13% over the prior quarter) and record monthly production at Santa Rita as Appian approaches a final investment decision on the underground. We expect our portfolio to have a strong finish to 2026 and we reiterate our guidance for the year.”
Dan O'Flaherty, CEO of Versamet Royalties Corporation
“Our next wave of growth is taking shape as our operating partners advance key projects that will expand our production profile in both the near and long term. Rosh Pinah's RP 2.0 expansion is in the final phase of construction, Cuiú Cuiú poured first gold ahead of schedule in September, and Blackwater's Phase 1A expansion remains on track for completion this quarter. Eskay Creek continues to advance toward first ore in 2027, with construction over 80% complete as of the end of October, while Southern Copper has begun early site works at El Pilar. Further strengthening our growth pipeline, new economic studies were completed for PC Silver and Zuun Mod, and SSR Mining's acquisition of Converse provides a clear path to production for the project.”
Dan O'Flaherty, CEO of Versamet Royalties Corporation
“Versamet was also added to the GDXJ in September, one of the major indices for mining equities, marking another important milestone in the advancement of our capital markets profile.”
Vancouver, British Columbia--(Newsfile Corp. - November 10, 2026) - Versamet Royalties Corporation (NASDAQ: VMET) (TSX: VMET) ("Versamet" or the "Company") announces operating and financial results for the quarter ended September 30, 2026.
Q3 2026 Financial Highlights * Revenue of $21.1 million, an increase of 160% over Q3 2025. * Attributable gold equivalent ounces(1) ("GEOs") of 4,959, an increase of 84% over Q3 2025. * Cash flow from operations before working capital changes(2) of $18.1 million, an increase of 196% over Q3 2025. * Net income of $4.1 million, an increase of 23% over Q3 2025. * Adjusted EBITDA(3) of $17.9 million, an increase of 212% over Q3 2025. Dan O'Flaherty, CEO of Versamet, commented: "The third quarter reflected material progress across our portfolio. Our producing assets performed well highlighted by increased gold production at Kiaka (13% over the prior quarter) and record monthly production at Santa Rita as Appian approaches a final investment decision on the underground. We expect our portfolio to have a strong finish to 2026 and we reiterate our guidance for the year.
Get started
Create a free account to read the full story.