On December 31, 2025, Newmont Corporation, through a wholly-owned subsidiary, completed the sale of the 3% net smelter return royalty it held over Galleon Gold Corp.’s West Cache Gold Project located in Timmins, Ontario pursuant to a royalty repurchase agreement. Under the terms of the agreement, Galleon Gold Corp. exercised its existing right to repurchase 1% of the 3% net smelter return royalty for $1 million, and, concurrently, paid $10 million to buy back the remaining 2% net smelter return royalty, fully extinguishing the net smelter return royalty over the West Cache Gold Project.
Cassels acted for Newmont.