JUNIORMETRICS

Summit Royalties Ltd.

SUMMF·SUM·US$0.94 (CAD 1.32)·US$97.2M cap
Royalty/streaming portfolio of 48 royalties/streams, incl. a 4% gold stream on Mining Americas' Copperstone project, Arizona, USA Map

Summit Royalties Ltd. is a royalty and streaming company, not an operator. Following completion of its acquisition of Star Royalties on 3 Jul 2026, the combined portfolio holds 48 royalties/streams, including 4 producing assets and 2 assets entering construction in 2026 (targeting production in 2027), among them a 4% gold stream on Mining Americas' Copperstone project in Arizona, USA. Approximately 63% of net asset value is attributed to production or committed-timeline assets.

5.1/10
Weak track recordStrong track record
5.1/10 vs.
6/10
Thin runwayWell-capitalized
6/10 vs.
How this is calculated
8/10
Harder place to buildEasier place to build
8/10 vs.
What goes into it
  • Jurisdiction (40%, counts 100% here)8/10

    Canadian-domiciled royalty and streaming company; the rating reflects its home jurisdiction rather than any single mine. Its 48 royalties and streams, following the Star Royalties acquisition, span several jurisdictions, including a 4% gold stream on Mining Americas' Copperstone project in Arizona.

  • Infrastructure (40%)Not scored

    A royalty/streaming company holds interests in other operators' mines rather than building its own, so a flagship infrastructure checklist isn't scored for it.

  • Nearby producing mine (20%)Not scored

    Not scored for a royalty/streaming company, which doesn't build or run a mine of its own.

How this is calculated
5.1/10
Weaker portfolioStronger portfolio
5.1/10 vs.
6.4/10
Weaker profileStronger profile
6.4/10 vs.
Price Chart
$0.94$1.21$1.15$1.02$0.954NovFebMayAugOct2
Nov 10, 2025 – Oct 20, 2026
News
$0.94
+22.2%from low-29.6%from high
$0.77$1.33
$97.2M
Far belowFar above
$97.2M vs. $585.2M peer median
$94.7M
Far belowFar above
$94.7M vs. $505.2M peer median
103.6M
Far aboveFar below
103.6M vs. 336.8M peer median
Price (USD - Local)
US$0.94 (CAD 1.32)
Cash Position (USD)
$2.6M
Far belowFar above
$2.6M vs. $94M peer median
Debt (USD)
Far aboveFar below
$0 vs. $6.5M peer median
Jurisdiction
Canada
11.1%
0%100%
11.1% vs. 12.1% peer median
Overall Score Trend
-5.9% since 2026-08-11 · -21% from peak

Your Rankings

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Royalty & Streaming Portfolio

Summit Royalties Ltd. does not operate mines, so it has no technical study of its own. What it holds instead is a book of royalty and stream interests in other companies' assets -- the portfolio below. Only figures the company has actually disclosed are shown; nothing here is estimated.

Producing assets
4
Development assets
2
Exploration assets
42
Credit facility
$25M
Tracked interests (6)
Material/flagship assets, not the full long tail — expect this to be smaller than the portfolio counts above
AssetCommodityInterestRate / priceStageNext Production
Bombore
Orezone Gold Corporation · Burkina Faso
Silver
Stream
50%Production—
Madsen
Operator not disclosedCanada (Ontario)
Gold
Royalty
NSR
1%Production—
Zancudo
Gold
Royalty
NSR
0.5%Production—
Pitangui
Jaguar Mining Inc. · Brazil (Minas Gerais)
Gold
Royalty
Production royalty, converts to NSR
1.5%——
Lavras do Sul
Lavras Gold Corp. · Brazil (Rio Grande do Sul)
Gold
Royalty
NSR
3%Grassroots Exploration—
Copperstone
Mining Americas Inc. (formerly Minera Alamos) · USA (Arizona)
Gold
Stream
4%—Production targeted 2027
AISC
Cut-off Grade2.2 g/t Au (0.0642 oz/ton) underground mining cutoff -- Mining Americas/Minera Alamos operator PFS figure, not Summit's own disclosure

Management Team

President and Chief Executive Officer of Summit Royalties Ltd., known as Drew Clark, and a Director of Visionary Metals Corp. Has completed over $300 million of royalty deals across more than 30 transactions over 12 years, and played a pivotal role in scaling Metalla Royalty & Streaming as its VP of Corporate Development and first employee, helping grow that portfolio from 18 to 100+ royalties and streams. Previously VP Corporate Finance at a boutique investment bank and held senior corporate-development roles at Carlisle Goldfields and Premier Royalty, acquired by Alamos Gold and Sandstorm Gold respectively.

Chief Financial Officer of Eagle Plains Resources Ltd. (appointed June 2024), Chief Financial Officer & Corporate Secretary of Summit Royalties Ltd. (following its November 2025 go-public transaction), and Chief Financial Officer of Visionary Metals Corp. Senior Vice President at Pacific Opportunity Capital Ltd., a firm providing shared management and financial-consulting services to public and private resource companies. Over 40 years of experience in corporate strategy, operations, finance and M&A (more than $1.0 billion completed) in the US and Canada. Holds a B.Sc. (Bio-Psychology) and a Licentiate of Accounting from UBC, articled with Touche Ross & Co. (now Deloitte), and became a Chartered Accountant in 1983.

Insiders, Investors & Smart Money

Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.

Smart money
1/10

Director Jerold Annett bought roughly CA$513,000 of Summit Royalties stock on the open market in early January 2026, but we found no producer, major, or named resource-specialist fund holding a stake in the company.

No notable insiders tracked for this miner yet.

Reports, Presentations & Documents