Summit Royalties – Coming Growth Catalysts For This Newly Listed Company Holding A Portfolio of 47 Royalties

Dec 12, 2025

Drew Clark, President and CEO of Summit Royalties Ltd., brings a wealth of experience in the precious metals sector. In this conversation, he reveals the company's strategic acquisition of a $17.5M portfolio from IAMGOLD and details their 47 royalties focused on gold and silver. Key topics include the growth potential from Madsen's 1% royalty, the promising Bomboré silver stream, and the strength of the Zancudo operation. With no debt and significant cash reserves, Drew outlines a clear path for future growth and acquisitions.

Ask episode

AI Snips

Chapters

Transcript

Episode notes

INSIGHT

Room To Build More Royalty Companies

There are still many accretive royalty deals available to build scale quickly in the sector.
Summit used the IAMGOLD portfolio to gain critical mass and intends to keep acquiring.

ANECDOTE

Buying A Cash-Flowing Madsen Royalty

Summit bought a cash-flowing Madsen royalty for $8M upfront plus $2M contingent, adding immediate revenue.
Drew highlights Madsen's throughput upside and expects rapid payback from the deal.

INSIGHT

High-Value Bomboré Silver Stream

Summit holds a 50% silver stream on Bomboré with minimum annual deliveries and a ~70,000 oz silver receivable.
The stream materially funds G&A and contributes a large part of near-term revenue as silver prices rise.

Get the Snipd Podcast app to discover more snips from this episode

Get the app

Drew Clark, President and CEO of Summit Royalties Ltd. (TSX.V: SUM), joins me to introduce the value proposition and coming growth catalysts from their portfolio of 47 royalty partner projects, mostly focused on gold and silver.

We discuss how this Company started off privately when closing the IAMGOLD Royalty Portfolio Acquisition for $17.5M on May 30th, then the acquisition of a royalty at West Red Lake Gold’s Madsen Mine on September 4th. Then on November 5th the company released news of their “go public” transaction with the reverse takeover of Eagle Royalties the prior day on November 4th, and then their listing as Summit Royalties on the TSX Venture exchange on November 10th.

The Corporation's current portfolio is backstopped by 3 cash-flowing production assets, and an additional 44 royalties on development-stage and exploration-stage properties. The Corporation intends to become the next mid-tier streaming and royalty company through future actionable and accretive acquisitions to increase production and cash flow growth. The Corporation currently has no debt and sufficient cash on-hand for use in future acquisitions.

Drew starts off taking us through the growth on tap for 2026 and beyond at their 3 producing royalties and streams.

Madsen - 1% NSR Royalty focused on gold and operated by West Red Lake Gold Mines in Ontario, Canada
Bomboré - 50% Silver Stream; operated by Orezone in Burkina Faso
Zancudo - 0.5% NSR Royalty; operated by Denarius Metals in Colombia

Next we reviewed 2 of their key development royalties:

Pitangu - $80/oz until 250 Koz produced - 1.5% NSR thereafter; operated by Jaguar Mining in Brazil
AurMac – 0.5% - 2.0% NSR Royalty Coverage; operated by Banyan Gold in the Yukon, Canada

Drew briefly mentions a few other royalties in their portfolio that he sees as valuable, and also highlights that their Net Asset Value (NAV) is weighted towards Canada after Eagle & Madsen Acquisitions, and is trading at an attractive P/NAV multiple at present.

Wrapping up Drew shares his background in the sector, along with other members of the management team and board, along with the capital structure, key stakeholders, and financial health of the company to keep executing on more deals in the year to come.

If you have any follow up questions for Drew about Summit Royalties, then please email them into me at Shad@kereport.com.

Click here to follow the latest news from Summit Royalties

For more market commentary & interview summaries, subscribe to our Substacks:

The KE Report: https://kereport.substack.com/

Shad’s resource market commentary: https://excelsiorprosperity.substack.com/

Investment disclaimer:

This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.