Versamet Royalties (VMET)
Acquires and manages metals royalties and streams rather than operating mines.
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Acquires and manages metals royalties and streaming interests instead of operating mines. Its portfolio has been built through acquisitions across gold, copper, silver, and polymetallic interests, with commodity mix and contract structures shaping the business.
Acquires and manages metals royalties and streaming interests rather than operating mines. Its stated strategy emphasizes versatility across commodity mixes and contract structures, with an emphasis on large transactions and near-term free cash flow.
Portfolio building began with two royalty-portfolio acquisitions from Equinox and Sandstorm after the 2022 formation. Later transactions added the Greenstone gold stream, Blackwater and El Pilar royalties, a B2Gold portfolio, and in 2025 the Kolpa copper and Rosh Pinah silver streams plus the Santa Rita polymetallic royalty.
Based in Vancouver, the compact team is led by Dan O’Flaherty. The business is shaped by the royalty and streaming interests it can acquire and manage, not by direct mine operation.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $26.0M · Total debt $374.6M · Total assets $787.3M · Shareholders' equity $394.1M
- Revenue
- $23.1M
- Operating income
- $10.6M
- Net income
- $4.8M
No dividends on record.
| Institutions | 5.06% | 5.50M shares | |
|---|---|---|---|
| 52 holders · as of Jun 30, 2026 | |||
| Other | 94.94% | 103.09M shares | |
| remainder | |||
108.59M company shares as of Aug 21, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Merk Investments LLCInstitution | 1.29% | 1.40M | as of Jun 30, 2026 |
Blackstone Inc.Institution | 0.95% | 1.03M | as of Jun 30, 2026 |
Orion Resource Partners LPInstitution | 0.95% | 1.03M | as of Jun 30, 2026 |
Sprott Inc.Institution | 0.37% | 401,720 | as of Jun 30, 2026 |
U S Global Investors IncInstitution | 0.23% | 250,000 | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
- Franco-Nevada
Competes for precious-metals royalty and stream acquisitions
- Wheaton Precious Metals
Competes for precious-metals streaming deals and mine finance
- Royal Gold
Competes for gold, copper and silver royalty and stream deals
- Triple Flag Precious Metals
Competes for precious-metals streams, royalties and mine finance
- OR Royalties
Competes for North American precious-metals royalties and streams
- Metalla Royalty & Streaming
Competes for gold, silver and copper royalty and stream deals
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Versamet Royalties | $9.81 | 0.00% | $1.02B | 11.5 | 25.2 | 14.0 | +192.4% |
| Franco-Nevada | $267.20 | +0.03% | $50.47B | 34.2 | 30.1 | 21.8 | +57.3% |
| Wheaton Precious Metals | $154.20 | +0.23% | $67.06B | 32.7 | 29.9 | 21.1 | +84.7% |
| Royal Gold | $259.00 | +0.27% | $21.23B | 27.3 | 21.8 | 13.7 | +114.9% |
| Triple Flag Precious Metals | $34.37 | +1.87% | $6.77B | 16.4 | 26.6 | 13.9 | +37.3% |
| OR Royalties | $37.70 | +0.41% | $6.77B | 24.1 | 23.0 | 18.7 | +62.1% |
| Metalla Royalty & Streaming | $10.37 | −0.10% | $948.4M | — | 92.5 | 61.3 | +82.2% |
| Median | 27.3 | 28.3 | 19.9 | +72.1% |