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Nomad buys US$95M stream on Orion's Greenstone participation

Nomad Royalty has entered into a US$95 million gold purchase agreement with Orion Mine Finance on its 40% interest in the Greenstone Gold project in Ontario, Canada where operator Equinox Gold broke ground on its construction this week.

Paul Harris
Equinox Gold's Greenstone in Ontrio, Canada

Equinox Gold's Greenstone in Ontrio, Canada

Nomad will make up-front cash payments of $95 million for 5.938% of gold production attributed to Orion's 40% interest in the mine until 120,333 ounces have been delivered, and 3.958% thereafter. Nomad...

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