About Us

Bullion Essence was built to generate leveraged precious metal exposure by acquiring royalties and streams for our shareholders. Our goal is to increase share value by accumulating a diversified portfolio of royalties and streams with attractive returns. Our solid foundation of current and future cash generating asset base, combined with an experienced team gives Bullion Essence a clear path to becoming one of the leading gold and silver companies for the next commodities cycle.

  • A pure-play gold/silver streaming and royalty company
  • Fixed per ounce acquisition cost means unlimited leverage to gold/silver prices
  • No exploration risk, mining risk, and project risk
  • Diverse structure focused on deals ZAR 2 million – ZAR50 million
  • Immediate cash flow from producing operations
  • Historically, public multiples on cash flow average 20x -30x
  • Low insolvency risk due to asset-secured lending position

Approach to Royalty/Stream Acquisitions

  1. Focused on precious metals streams and royalties
  • Gold
  • Silver

Evaluation

  • Management’s operating track record
  • Profit margin & position on the industry cost curve
  • Counter-party risk, jurisdictional risk, technical risk
  • Producing assets
  • Compliance with the Group’s corporate social responsibility policy

Diligence

  • Detailed due diligence on assets production profile
  • Site visits by technical team and independent technical advisors local in the jurisdiction
  • Production assumptions based on existing mineable reserves, resources conversion assumptions evaluated on case-by-case basis
  • Consider other factors such as geology, infrastructure and permitting, which could impact production volumes or mine life
  • Legal ownership, permits, licenses, operating agreements, titles, and corporate structure

Growth Strategy

  • Originate new streams and royalties
  • Consolidate royalties held by:
    • Private parties and companies
    • Public companies (Exploration, Junior, Mid-tier, Major producers, Prospect Generators, and others)
    • Private equity funds, Special Purpose Vehicles, Private Investment funds
    • Other existing structures