Golden Valley completed the acquisition of Abitibi Royalties and Golden Valley Mines and Royalties for $266m.

Golden Valley, a gold-focused royalty company, completed the acquisition of Abitibi Royalties, a mineral exploration company, and Golden Valley Mines and Royalties, a project and royalty generation firm, for c. $266m. "We are pleased to announce the successful completion of this key consolidation opportunity in the precious metals royalty space. The transactions further expand our portfolio by adding, among other things, a cornerstone royalty over the world class Canadian Malartic mine and further increase our presence in Québec and Nevada, two of the most favoured mining regions worldwide. Importantly, our balance sheet remains strong, with approximately $45m in cash and marketable securities as at November 4, 2021. We welcome Abitibi Royalties and Golden Valley shareholders as we continue to seek and evaluate additional acquisition opportunities to further continue our core growth trajectory," David Garofalo, Gold Royalty CEO, President and Chairman.