Sydney Morning Herald
AsiaPac · 28 mins ago
✦ 78◉ Centre
Venus cashes in $46M royalty, shareholders to pocket the spoils
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Quality 78/100
Partisan intensity 25/100
ObjectivePartisan
◉ Centre ✓ Fair headline
Venus Metals sold its Youanmi gold royalty to Franco-Nevada for $46 million and plans to return most of the proceeds to shareholders through cash and in-specie dividends, driving a 44% share price surge.
Venus cashes in $46M royalty, shareholders to pocket the spoils
Venus Metals surged 44% after selling its Youanmi gold royalty to Franco-Nevada for $46M and intends to return the lion’s share to shareholders via cash and in-specie dividends.
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