"In connection with Metanor Resources Inc.'s declaration of commercial production to Gold Royalties under the Bachelor Lake NSR royalty agreement, Gold Royalties has accepted the contractual re-purchase privilege of one half of the Bachelor Lake NSR royalty in exchange for a cash payment of $500,000. Gold Royalties now retains a 0.5% NSR royalty on all life-of-mine production from the Bachelor Lake and Hewfran properties."

They made a payment of $604,673.67 consisting of $500k to buy back half of royalty plus $104,673.67 for first royalty payment.

MTO's long term royalty is only 0.5% NSR after initial royalty payments, contrary to what the fear mongers are trying to say of huge royalty requirement.


They had the extra cash lying around to buy back half the royalty sooner than i expected. Previously there were statements of buying back only after a year and a half.

If they were in need of cash, they wouldn't be able to buy it back so soon. Guess the cash from increased gold sales made that possible.