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Royalty's heir(s) apparent

Precious metals royalty companies have proven a smash hit with investors since Franco Nevada burst onto the scene 13 years ago. Though the bulk of interest has historically been confined to the likes of Franco, Wheaton Precious Metals and Royal Gold, the performance of smaller players such as Metalla over the past month highlights the benefit of looking beyond the sector’s leading names.

Royalty's heir(s) apparent Royalty's heir(s) apparent Royalty's heir(s) apparent Royalty's heir(s) apparent Royalty's heir(s) apparent

Metalla Royalty made its fiftieth and latest portfolio addition in four years at the end of July

Mike Kozak, a mining analyst at Cantor Fitzgerald who follows the royalty space closely, told Mining Journal his preference for investors not constrained by liquidity or market capitalisation was the