Appian sells polymetallic royalty, silver stream to Versamet
Aerial view of Santa Rita mine in Brazil. Image submitted by Appian Capital. Mining advisory firm Appian Capital announced on Wednesday it has sold two royalty and streaming assets under its portfolio to Canada’s Versamet Royalties (TSXV: VMET) for total cash consideration of up to 125 million is paid upfront.The sale comprises a 2.75% net smelter return (NSR) royalty on the Santa Rita polymetallic mine in Brazil and a 90% silver stream on the Rosh Pinah mine in Namibia. Both mines a ...