Trey Wasser, President & CEO of Ely Gold Royalties, gives a presentation on the company at the October 2020 Virtual Investor Day (VID) Conference.
Ely Gold Royalties is a North American gold royalty company with a primary focus in Nevada. The company has three currently producing royalties in Nevada: two at the Jerritt Canyon gold mine and one at the Isabella Pearl mine operated by Gold Resource. Ely Gold also has a pipeline of 8 royalties that are expected to begin production by 2023 or sooner, including Wallbridge Mining's Fenelon mine, SSR Mining's Marigold mine, Coeur Mining's Lincoln Hill deposit, and Nevada Gold Mines' REN deposit. Ely Gold puts a strong focus on royalties that are producing (or expected to produce in the near term) in addition to being backed by premier and reliable counter-parties.
At the time of writing, despite Ely Gold stock being in a correction / consolidation phase since July 2020, the company has still outperformed its royalty company peers and the price of gold over the last year. Trey makes a case that Ely Gold currently trades at a significant discount to senior royalty companies and, more notably, its junior royalty peers such as Metalla Royalty & Streaming, Maverix Metals and Nomad Royalty on a P/NAV (Price to Net-Asset-Value) basis. Despite already hitting their 2020 goals in terms of royalty acquisitions, Trey and the Ely Gold team remain active in the market, recently announcing deals to acquire the Trenton Canyon royalty in Nevada and the Watershed royalty from Santana Resources in Ontario, Canada (a transaction that, if completed, would be Ely's second foray into the Canadian gold mining space). The company successfully completed a heavily oversubscribed and upsized capital raise in May of over $17M CDN, providing capital for further royalty acquisitions. Of note, Ely Gold Royalties currently remains the only gold royalty company backed by famous billionaire gold bug Eric Sprott.
Ely Gold currently trades on the TSX Venture exchange under the symbol TSX-V: ELY, on the OTCQX marketplace under the symbol OTCQX: ELYGF, and the Frankfurt Stock Exchange under the symbol FRA: I4U.
For more information on Ely Gold Royalties, visit their website at : https://elygoldinc.com/
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Originally filmed on October 20th, 2020