Chancery Royalty acquires a 2.5% life of mine royalty on the Laiva gold mine in Finland, expanding its portfolio. The mine is set to restart operations in Q2 2026 after being placed on care and maintenance in 2022 due to falling gold prices and debt.

Chancery, a new entity in the precious metals royalty sector, anticipates producing approximately 4,000 gold-equivalent ounces in 2026 with plans for significant growth to over 28,000 ounces within four years. The company aims to acquire long-life royalties on producing gold and silver mines.

CEO Jeremy Gray highlights Laiva Gold’s potential with Europe’s largest gold mill and strong gold prices. The acquisition coincides with a $10 million equity financing initiative at $2 per share to expand Chancery’s royalty portfolio. The company’s focus is on acquiring royalties on world-class gold projects.

Chancery’s initial portfolio includes a silver royalty at Gold Road in Arizona, imminent gold royalties from Laiva Gold in Finland and Pilar Gold in Brazil, and a royalty from a new Ethiopian gold mine starting operations in Q1 2028. These assets provide revenue visibility for the near term and support the company’s multi-year growth objectives.

Read more at Yahoo Finance: Chancery Royalty secures LoM royalty on Finnish Latvia gold mine