The royalty portfolio will be comprised of 2% net smelter return (NSR) royalties on two gold projects, 1% NSRs on 11 projects and a 0.5% NSR on one project. Eleven of the NSRs are associated with advance-stage resource and development projects.
The company, Gold Royalty, will have additional opportunities to expand its portfolio through buy-backs of existing NSR royalties ranging from 0.5% to 2% from third-party holders on up to five of the 14 projects.
The projects in GoldMining's portfolio host 11.4 million ounces of measured and indicated gold resources, and 13.8Moz in the inferred category.
"Following a decade-long effort since forming the company to assemble an extensive portfolio of gold projects in mining friendly jurisdictions in North and South America, we believe that the timing is right to create this royalty entity, which imparts an additional, and non-dilutive layer, of value to existing shareholders," said GoldMining chair Amir Adnani.
"GoldMining's focus remains on our two-pronged strategy of expanding our property portfolio through accretive transactions of resource stage gold projects and their advancement towards development. We believe Gold Royalty will be a complementary platform to GoldMining's future acquisition and development plans," said CEO Garnet Dawson.
The portfolio includes Whistler in Alaska, USA; Almaden in Idaho, USA; Yellowknife in Canada; Titiribi, La Mina and Yarumalito in Colombia; various projects in Brazil and Crucero in Peru.
Shares in GoldMining open up 6% at C$1.85, valuing the company at $254 million.