Versamet Royalties to acquire 3.52% gold stream at Eskay Creek gold-silver project
Type: Acquisition · Technology: Mining · Country: Canada · Announced: 2026-04-07
Versamet Royalties signed a definitive agreement to acquire a 3.52% gold stream related to the Eskay Creek gold-silver project in British Columbia, Canada. The gold stream was acquired from funds managed by Orion Resource Partners and affiliates of Blackstone. This acquisition expands Versamet Royalties' portfolio of precious metals streams, adding exposure to a material gold-silver asset in a mining-friendly jurisdiction. The Eskay Creek project is a high-grade volcanogenic massive sulphide deposit with a history of past production. This transaction is expected to enhance Versamet Royalties' future revenue streams from gold production.
Analysis
Versamet Royalties signed a definitive agreement to acquire a 3.52% gold stream at the Eskay Creek gold-silver project in British Columbia, Canada, from funds managed by Orion Resource Partners and affiliates of Blackstone. Orion Resource Partners is a global alternative investment management firm with approximately $8.5 billion under management, focused on the metals and mining sector. Blackstone is the world's largest alternative asset manager, serving institutional and individual investors by building strong businesses that deliver lasting value. The acquisition was announced on 2026-04-07 and the value of the transaction was not disclosed. The Eskay Creek project is located in Canada, a mining-friendly jurisdiction.
Key points
- 3.52% gold stream
- Eskay Creek gold-silver project
- British Columbia, Canada
- Orion Resource Partners and affiliates of Blackstone
- Approximately $8.5 billion under management
Counterparties
- Blackstone (Seller)
- Versamet Royalties (Buyer)
- Orion Resource Partners (Seller)