Versamet Royalties
Acquires and manages metals royalties and streams rather than operating mines.
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Profile
Acquires and manages metals royalties and streaming interests instead of operating mines. Its portfolio has been built through acquisitions across gold, copper, silver, and polymetallic interests, with commodity mix and contract structures shaping the business.
Acquires and manages metals royalties and streaming interests rather than operating mines. Its stated strategy emphasizes versatility across commodity mixes and contract structures, with an emphasis on large transactions and near-term free cash flow.
Portfolio building began with two royalty-portfolio acquisitions from Equinox and Sandstorm after the 2022 formation. Later transactions added the Greenstone gold stream, Blackwater and El Pilar royalties, a B2Gold portfolio, and in 2025 the Kolpa copper and Rosh Pinah silver streams plus the Santa Rita polymetallic royalty.
Based in Vancouver, the compact team is led by Dan O’Flaherty. The business is shaped by the royalty and streaming interests it can acquire and manage, not by direct mine operation.
Company facts
Categories
Key statistics
Year to date +2.6% · Average volume (30d) 336.8K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 13, 2026Q2 FY26 | $0.06 | $0.04 | −33.3% | $23.7M | $23.7M | 0.0% | +1.91% |
| May 14, 2026Q1 FY26 | $0.06 | $0.13 | +116.7% | $24.0M | $24.0M | 0.0% | −8.96% |
| Mar 12, 2026Q4 FY25 | $0.05 | $0.05 | 0.0% | $18.4M | $18.4M | 0.0% | −0.38% |
Financial highlights
| 5 quarters | — | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | — | $4.9M | $8.1M | $18.4M | $23.6M | $23.1M | |
| Gross profit | — | −$254.5K | $2.7M | $9.9M | $13.8M | $13.6M | |
| Operating income | — | −$678.5K | $1.2M | $6.4M | $10.3M | $10.6M | |
| Net income | — | $173.4K | $3.3M | $15.1M | $13.6M | $4.8M | |
| Diluted EPS | — | $0.01 | $0.03 | $0.42 | $0.28 | $0.09 | |
| Gross margin | — | -5.2% | 33.6% | 53.7% | 58.5% | 59.0% | |
| Operating margin | — | -13.8% | 15.1% | 34.9% | 43.5% | 45.9% |
Balance sheet, Jun 30, 2026Cash & short-term investments $26.0M · Total debt $374.6M · Total assets $787.3M · Shareholders' equity $394.1M
Dividends
No dividends on record.
Ownership
Shares outstanding 108.59M · Float 37.46M · 34.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Tether Global Investments Fund, S.I.C.A.F., S.A. | 13.72M | 12.60% | 13D | Jun 29, 2026 |
| Merk Investments LLC | 1.40M | 1.29% | 13F | May 18, 2026 |
| Millennium Management LLC | 365.7K | 0.34% | 13F | May 15, 2026 |
| U S Global Investors Inc | 250.0K | 0.23% | 13F | May 1, 2026 |
| Sprott Inc. | 217.6K | 0.20% | 13F | May 8, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Franco-Nevada
Competes for precious-metals royalty and stream acquisitions
- Wheaton Precious Metals
Competes for precious-metals streaming deals and mine finance
- Royal Gold
Competes for gold, copper and silver royalty and stream deals
- Triple Flag Precious Metals
Competes for precious-metals streams, royalties and mine finance
- OR Royalties
Competes for North American precious-metals royalties and streams
- Metalla Royalty & Streaming
Competes for gold, silver and copper royalty and stream deals
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Versamet Royalties | $10.40 | +1.66% | $1.11B | 12.4 | 25.6 | 15.2 | — |
| Franco-Nevada | $272.44 | +2.35% | $51.33B | 34.8 | 29.7 | 22.2 | +57.3% |
| Wheaton Precious Metals | $152.55 | −0.50% | $69.63B | 34.0 | 29.7 | 21.9 | +84.7% |
| Royal Gold | $263.05 | +0.06% | $22.31B | 28.7 | 21.8 | 14.4 | +114.9% |
| Triple Flag Precious Metals | $34.50 | +1.58% | $7.02B | 17.0 | 25.6 | 14.4 | +37.3% |
| OR Royalties | $36.90 | −1.31% | $7.01B | 24.9 | 22.2 | 17.9 | +120.8% |
| Metalla Royalty & Streaming | $10.54 | −0.09% | $984.9M | — | 93.4 | 58.1 | +82.2% |
| Median | 28.7 | 27.6 | 19.9 | +83.4% |