Nomad saw revenues of $6.8 million for Q4 2021, unchanged from the same quarter in 2020. Gold and silver accounted for 79% of revenue and 21% came from copper.
For the full year of 2021, Nomad reported revenue of $27.2 million - 93% was sourced from gold and silver and 7% from copper - which was up $0.4 million from 2020. The company had $12.4 million in cash at December 31, 2021.
Q4 also saw the sale of 3,231 gold equivalent ounces, which was a dip from the same quarter in 2020, which saw 3,587oz AuEq sales, while full year sales reached 16,372oz AuEq, up from 14,879oz AuEq in 2020.
Nomad's CEO and board chairman Vincent Metcalfe said 2021 was a transformative year for the company, as the team delivered many of the milestones laid out in its initial listing in May 2020.
"Our team delivered four major acquisitions of high-quality royalties and streams," he said. "In 2022, we will continue to execute on accretive deals to further fuel growth and increase asset diversification."
Nomad also provided production guidance for 2022 that showed attributable royalty and stream sales were anticipated to total 23,000-27,000oz AuEq using a commodity price of $1,800 per ounce for gold, $24 per ounce for silver and $4 per pound of copper.
With the same commodity prices, attributable royalty and stream sales were likely to reach 60,000oz AuEq by 2025, assuming operations begin at the Greenstone and Platreef mines in 2024 and the Corte complex's Robertson deposit in 2025.
On February 22, Nomad Royalty traded on the TSX at C$8.32/share, down 4.368% on the day. In the past six months, Nomad's shares traded between $7 and $10. The shares neared $12 in May last year.
