MONTREAL, June 28, 2021 /CNW/ – Nomad Royalty Company Ltd.
Nomad is also pleased to report that ramp-up procedures at the Blyvoor Mine have continued to progress and that the Blyvoor mill is expected to reach its initial production target of 20kt per month by the end 2021.
Following the delivery of 300koz of gold to Nomad under the stream agreement, the stream percentage shall be 0.5% on the first 100koz of production within a calendar year until gold production reaches 10.32 million ounces at the Blyvoor Mine.
The Blyvoor Mine commenced production in 1942 and in 1951 was the mine that produced the greatest amount of gold globally.
Vincent Cardin-Tremblay, P.
is a gold & silver royalty company that purchases rights to a percentage of the gold or silver produced from a mine, for the life of the mine.
Forward-looking statements in this press release include statements with respect to the expected life of the Blyvoor Mine; the annual production, actual capacity and expansion of the processing plant; the amount of ounces of gold in : ; metal price fluctuations; environmental and regulatory requirements; availability of permits; and other risk factors described in Nomad’s annual information form for the fiscal year ended December 31, 2020, Form 40-F annual report and other filings with the Canadian securities regulators and the United States Securities and Exchange Commission, which may be viewed under Nomad’s profile on SEDAR at www.sedar.com and on EDGAR at www.sec.gov, respectively.