Anglo Pacific has a 2.5% life of mine NSR royalty on the El Valle-Boinàs/Carlés (‘EVBC’) gold, copper and silver mine owned by TSX-listed Orvana Minerals Corp (‘Orvana’). EVBC is located in the Rio Narcea Gold Belt of northern Spain.
Income from EVBC was another source of growth for Anglo Pacific in 2018. Revenue received was up 17% to £1.9m from £1.7m in 2017.
Orvana achieved a much better outcome in 2017, with gold production up 24% and copper production up 44%.