Nomad Royalty (TSX:NSR) Company Ltd said it realized preliminary revenue of US$13.8 million in its first quarter, of which US$12.7 million are attributable to the firm, resulting in a preliminary cash operating margin of US$11 million. In the three months to March 31, the royalty and streaming group said it received 2,651 ounces of gold delivery, while gold-equivalent ounces, attributable to the company, came in at 6,604. Updating on its asset portfolio, the company also highlighted that mining rates and practices had improved “considerably” at the Blyvoor Gold mine in recent months. In March, the mine averaged a daily ore mining rate in excess of 500 tonnes per day (tpd) for the first time for a record production of around 2,000 ounces, it said. Meanwhile, in February, Ivanhoe Mines Ltd unveiled a new feasibility study confirming the Platreef project’s potential to be one of the industry’s largest and lowest-cost primary platinum-group metals (PGM) producers. Construction of the Greenstone mine in Ontario continues to advance on schedule, it added. READ: Nomad Royalty prepares investors for higher 2022 royalties and stream sales as it lauds 2021 as “a transformative year” Activities in the first half of 2022 are expected to focus on the area where the mine mobile equipment will be assembled and commissioned, completing the process plant and the main access road, Nomad said. Elsewhere, in February, a portion of inferred resources were upgraded to the indicated category at the Robertson project in Nevada, which, together with year-over-year total mineral resource growth, supports the Barrick plan for the deposit to contribute meaningfully to Cortez’s production profile starting in 2025. At the Bonikro gold mine in Ivory Coast, the Bonikro-PB5 development is underway, with full mining rates expected to be reached during the second quarter of 2022. Nomad owns a portfolio of 22 royalty, stream and other interests – eight of which are on currently producing mines. The company plans to grow and diversify its low-cost production profile through the acquisition of additional producing and near-term producing gold and silver streams and royalties. It expects to release its results for the first quarter of 2022 on May 5, 2022, after market close. Contact the author at giles@proactiveinvestors.com