Versamet Royalties Posts Record Q2: Revenue Up 392%, GEOs Up 256%
VMET sits 19% above its 52-week low of $8.48.
Summary
Versamet Royalties reported blowout Q2 2026 results with revenue of $23.7M, up 392% year-over-year, and record attributable gold equivalent ounces of 5,255, up 256%. Net income surged to $4.9M from $0.2M a year ago, and adjusted EBITDA hit $18.8M, a 747% increase. The company also completed the transformative acquisition of the Eskay Creek gold stream and was added to the MSCI Canada Small Cap Index. Management reaffirmed 2026 production guidance of 20,000-23,000 GEOs and expects annual run-rate to reach ~35,000 GEOs once Eskay Creek begins production next year. Asset updates show strong operational momentum: Greenstone production up 26%, Kiaka on track for 240,000-280,000 ounces in 2026, and Rosh Pinah expansion over 95% complete with new SAG mill commissioned. This is a material beat across all metrics and a clear inflection point for the royalty company.
At the time of this announcement, VMET was trading at $10.13 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $1.1B. The 52-week trading range was $8.48 to $13.81. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: TMX Newsfile.