Chancery Royalty secures LoM royalty on Finnish Latvia gold mine
Yahoo Finance·2026-01-05 11:33
Chancery Royalty has acquired a life of mine (LoM) royalty on the Laiva gold mine in Finland, marking an expansion of its portfolio. The royalty, acquired through a third party, encompasses 2.5% of annual gold production, aligning with the mine's anticipated operational restart in the second quarter of 2026 (Q2 2026). The Laiva gold mine, which began construction in 2010, was placed on care and maintenance in February 2022 due to falling gold prices and substantial debt. Now debt-free, the mine is set ...