Update: Gold Royalties Corp. Learns That Its Bachelor Lake Royalty Is Producing 250 Attributable Ounces Annualized
- Metanor Resources announced that its Bachelor Lake Mine's production has exceeded 50,000 ounces/year annually.
- Gold Royalties' one cash-flowing royalty is a 0.5% NSR royalty on Bachelor Lake, which is now producing 250,000 ounces per year.
- 2014 Guidance is for 55,000 ounces (275 attributable) so this is in line with my expectations.
- The company continues to trade as a dead asset, and I think it is worth accumulating.