Abitibi Royalties Inc. (TSXV:RZZ) President, Ian Ball, spoke to the Investing News Network at the Red Cloud Pre-PDAC event in Toronto about their plans for 2015.
Abitibi Royalties Inc. (TSXV:RZZ) President, Ian Ball, spoke to the Investing News Network at the Red Cloud Pre-PDAC event in Toronto about their plans for 2015. Abitibi Royalties has a 2% NSR on the Canadian Malartic mine and 3% on the Malarctic CHL property which was from a lawsuit that was recently settled with Yamana Gold Inc. (TSX:YRI,NYSE:AUY) and Agnico Eagle Mines (TSX:AEM,NYSE:AEM). In 2015, Mr. Ball says, “what we are looking at now is a first set of cashflow coming just after the end of Q1, both from our dividends in Yamana and Agnico Eagle, as well as our royalty from the Canadian Malartic mine.” In addition, the Company plans to explore the Odyssey North target in the Malartic CHL property on April 1st.