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Abitibi Royalties Inc. (V:RZZ)

Business Focus: Gold

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Insider Filings

Latest 10 SEDI filings for RZZ within the last 6 months
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Company News

May 28, 2020 08:00 ET
Abitibi Royalties Acquires Royalties South of Canadian Malartic Mine
Val-d'Or, Québec--(Newsfile Corp. - May 28, 2020) - Abitibi Royalties Inc. (TSXV: RZZ) (OTC: ATBYF) ("Abitibi Royalties" or the "Company") announces that it has entered into a series of agreements to acquire a package of royalties south of the Canadian Malartic Mine and also southeast of the Goldex Mine. The agreements also entitle the Company to 15% of the gross proceeds (cash and shares) should the underlying properties be sold or joint ventured. The royalties are located 1) immediately south of the Canadian Malartic Mine and 2) approximately 3 kilometres southeast of the Goldex Mine (Fig. 1 & 2). The projects are owned and operated by Tamarack Gold Resources Inc. ("Tamarack"). The purchase price paid by the Company totals CDN$36,000, which will be paid in cash upon closing. The royalties were acquired due to the properties' favourable geology and limited exploration. Tamarack is planning to conduct field surveillance and sampling programs subsequent to a review of past work during 2020/2021 with a focus on the properties south of the Canadian Malartic Mine.
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May 13, 2020 08:00 ET
Abitibi Royalties: Updated Resource Estimate - New Alger Royalty
Val-d'Or, Québec--(Newsfile Corp. - May 13, 2020) - Abitibi Royalties Inc. (TSXV: RZZ) (OTC: ATBYF) ("Abitibi Royalties" or the "Company") is pleased to provide an update on the Company's 1% net smelter royalty (NSR) at the New Alger Property that is owned by Renforth Resources Inc. ("Renforth"). The New Alger Property royalty is one of the Company's near mine, early stage NSRs. New Alger is located in Cadillac, Québec and is contiguous to Agnico Eagle's LaRonde Mine to the northwest (Fig. 1). The update includes a pit constrained gold Mineral Resource Estimate that has been calculated by P&E Mining Consultants Inc. of Brampton, Ontario, with an effective date of April 30th, 2020. Abitibi Royalties is unique among its peers due to its strong treasury, no debt, new monthly dividend, share buyback program and limited number of shares outstanding.
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Valuation Ratios

Industry
Sector
Beta
0.90
--
--
Price to Sales - TTM
85.86
8.31
4.82
Price to Book - most recent quarter
7.36
2.65
2.41
Price to Cash Flow per share - TTM
--
9.58
8.45
Price to Free Cash Flow per share - TTM
95.64
42.88
17.45
See all valuations

Short Report

DateNumber of Shares ShortedNet Change
May 15, 20203,5791,807
Apr 30, 20201,772-1,523
Apr 15, 20203,2951,417
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Business Summary

Sector:  Basic Materials Industry:  Gold

Abitibi Royalties Inc., together with its various subsidiaries, is involved in initial grassroots exploration projects. The Company operates through exploration and evaluation of mineral resources segment. The Company's properties include Canadian Malartic property, and Luc Bourdon and Bourdon West prospects. The Canadian Malartic property is located on a single claim just to the south of the Canadian Malartic main pit and covers the Charlie Zones and the Eastern portion of the Gouldie Zone. The Luc Bourdon and Bourdon West prospect is located in the Lowland region of James Bay Ontario. The Company also holds interest in Odyssey North Zone, Barnat Extension and the Jeffrey Zone, and Gouldie deposit and Charlie Zone. The Jeffrey Zone is a separate deposit located on the east of the main Canadian Malartic open pit. The Gouldie deposit is located over 300 meters south of the main Canadian Malartic open pit. The Charlie Zone is located approximately 100 meters northeast of Gouldie.

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