Summit Royalties boost portfolio with royalty interest in Newmont's Saddle North deposit

NodeGuardian · 2026-03-15T09:28:38+00:00

Summit Royalties has purchased a 1% NSR royalty on Newmont's Saddle North deposit for C$5 million. CEO Drew Clark emphasized its value, calling it a key long-term asset that enhances Summit's growing precious metals portfolio while the company seeks further acquisitions.

NodeGuardian

2026-03-15 09:28:38

Abstract generation in progress

Summit Royalties has acquired a 1% Net Smelter Return (NSR) royalty on Newmont Corporation’s Saddle North deposit for C$5 million in an all-stock transaction. CEO Drew Clark highlighted the significance of Saddle North, which contains substantial gold and copper, positioning it as a long-term asset to Summit’s cash-flow positive and expanding precious metals royalty portfolio. The company is actively pursuing accretive acquisitions and has multiple operational and development catalysts across its assets, including Pitangui and Zancudo projects.

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