Chancery Royalty secures LoM royalty on Finnish Latvia gold mine

Core Insights - Chancery Royalty has acquired a life of mine (LoM) royalty on the Laiva gold mine in Finland, which includes 2.5% of annual gold production, coinciding with the mine's expected operational restart in Q2 2026 [1][2] - The Laiva gold mine is now debt-free and poised to benefit from high gold prices, with a near-term production outlook of approximately 4,000 gold-equivalent ounces in 2026 and a target of over 28,000 gold-equivalent ounces within four years [2][3] - Chancery Royalty aims to differentiate itself with a near-term royalty base and a high-growth pipeline, leveraging previous experience in funding gold mining projects [3][4] Company Developments - Chancery Royalty has officially launched as a new entity in the precious metals royalty sector, focusing on acquiring long-life royalties on producing gold and silver mines [3][4] - The initial portfolio includes a silver royalty at Gold Road in Arizona, two imminent gold royalties from Laiva Gold in Finland and Pilar Gold in Brazil, and a substantial royalty from a new Ethiopian gold mine expected to begin operations in Q1 2028 [5] - An equity financing initiative of $10 million at $2 per share has been launched to further expand Chancery's royalty portfolio [3][5]