08:22 AM EDT, 06/18/2025 (MT Newswires) -- Summit Royalty, a private royalty and streaming company, said on Wednesday it agreed to acquire a portfolio of royalties and stream from Iamgold ( IAG ) for US$17.5 million.

The deal, made up of a payment of US$10 million in cash and US$7.5 million in shares, includes a 50% silver stream on Orezone Gold's ( ORZCF ) Bombore mine in Burkina Faso.

Summit Royalty is also acquiring a US$80/oz production royalty on the first 250,000 ounces of gold sold, and a 1.5% net smelter royalty thereafter on the Pitangui project in Brazil owned by Jaguar Mining ( JAGGF ) . The transaction also includes a 0.5% NSR royalty on Denarius Metals' Zancudo Mine in Colombia, and a 3.0% NSR royalty on Lavras Gold ( LGCFF ) 's Lavras do Sul project in Brazil.

"Anchored by a cash flowing silver stream on the Bombore mine operated by Orezone Gold ( ORZCF ) and coupled with a suite of royalties with definitive timelines to production and meaningful expansion and exploration upside, Summit is poised to be the preeminent cash flowing junior royalty and streaming company focused on precious metals," said Drew Clark, founder and president of Summit Royalty.