Welcome to our dedicated page for Star Royalties news (Ticker: STRFF), a resource for investors and traders seeking the latest updates and insights on Star Royalties stock.
Star Royalties Ltd. (STRFF) delivers innovative royalty solutions through carbon credit initiatives and precious metals streaming. This news hub provides investors with essential updates on strategic partnerships, carbon offset projects, and mining sector developments.
Access authoritative reporting on royalty agreements, Green Star joint venture milestones, and operational achievements across forestry and mining assets. Our curated news collection offers timely insights into high-integrity carbon credit generation and precious metals market positioning.
Key updates include earnings announcements, carbon project certifications, mineral stream acquisitions, and sustainability initiatives. Bookmark this page for direct access to verified corporate communications and third-party analyses of STRFF's unique dual-market approach.
Star Royalties (STRFF) has highlighted the reissued Preliminary Economic Assessment (PEA) for the Copperstone Gold Mine by Minera Alamos. The updated PEA reflects a reduced Net Smelter Royalty burden and expanded gold price sensitivity analysis range of $1,000-$3,000/oz.
At a $3,000/oz gold price, key metrics include:
- Expected after-tax net cash flow of $298 million
- After-tax NPV5% of $227 million
- After-tax IRR of 171%
- Star Royalties' stream projected to generate $4.6 million in first-year pre-tax cash flow
- Life-of-mine pre-tax cash flow of $20.5 million from the stream
Copperstone's development outlook targets production in first half of 2026. The project presents opportunities for value enhancement through additional drilling, resource expansion, and potential increased plant throughput. Star Royalties also owns approximately 9.6 million shares of Minera Alamos, valued at C$3.5 million.
Star Royalties announces Sabre Gold's acquisition by Minera Alamos, expected to close in January 2025. The Company's 4% gold streaming agreement on Copperstone Gold Mine will remain unchanged, with a 25% spot gold price payment for each delivered ounce. The transaction positions Copperstone under experienced mine operators with an accelerated 12-month production timeline. Star Royalties will convert its 7.4M Sabre Gold shares into 5.1M Minera Alamos shares at a 116% premium, while C$2.0M in contingent payments will convert to an additional 4.46M Minera Alamos shares.
Star Royalties (TSXV:STRR)(OTCQX:STRFF) reported its Q2 2024 financial results, highlighting a 42% increase in quarterly revenues to $266,306 compared to the prior-year period. This growth was primarily due to higher sales volumes at the Keysbrook mine. The company's joint venture, Green Star Royalties, expanded its portfolio by acquiring several U.S. Improved Forest Management carbon offset royalties for $5.6 million. Green Star received its first carbon offset delivery and is progressing with monetization efforts. The CarbonNOW regenerative agriculture program is advancing towards the verification phase, expected to commence later in 2024. Despite revenue growth, Star Royalties reported a net loss of $567,350 for the quarter, an improvement from the $1,048,574 loss in Q2 2023.
Star Royalties reported Q1 2024 financial results, showing stable quarterly revenues of $275,395, slightly higher than the previous year's $271,429. Net income rose significantly to $320,430 from $69,539. Cash flow from operating activities was negative at -$797,888. Key developments included the acquisition of U.S. forest carbon offset royalties for $5.6 million, and improvements in the CarbonNOW regenerative agriculture project, anticipating first royalty revenues in 2025. The company noted strong performance at the Keysbrook Mine with a 22% revenue increase. Gold Mountain resumed operations and engaged in debt restructuring to enhance long-term production.
Star Royalties (TSXV: STRR, OTCQX: STRFF) invites investors to an Investor Update and Q&A Webinar hosted by Market Radius Research on May 29, 2024. CEO Alex Pernin will discuss the latest developments in the company's Green Star Royalties joint venture and precious metals royalties portfolio. The live webinar will allow attendees to ask real-time questions, and a recorded webcast will be available for those who cannot attend.
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