On Oct 1 2025, Gold Royalty Corp. announced the sale of the Spanish Moon Project to Kinross Gold Corporation, retaining a 3% net smelter return royalty. This transaction marks the company’s 250th asset, underscoring its rapid portfolio expansion. The Spanish Moon Project is an early‑stage exploration project located near Kinross’ Round Mountain Mine in Nevada.
By retaining a 3% NSR royalty, Gold Royalty secures a long‑term revenue stream from the project while allowing Kinross to advance development. The deal aligns with Gold Royalty’s strategy of acquiring or generating low‑cost royalty interests across the Americas. The transaction also demonstrates the effectiveness of the company’s royalty generator model, which has produced 51 royalties since 2021.
The addition of Spanish Moon to the portfolio reinforces Gold Royalty’s position as a leading gold‑focused royalty company. The milestone of 250 assets highlights the company’s growth trajectory and its ability to scale through strategic acquisitions and in‑house royalty generation. The move enhances the company’s long‑term value proposition.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.