Carlin Gold Proposes to Spin Out of a 5% Net Smelter Return Royalty on its Cortez Property to Shareholders

MT newswire2026/08/24 18:02

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02:02 PM EDT, 08/24/2026 (MT Newswires) -- Carlin Gold (CGD.V) plans to create and then spin out a 5.00% net smelter return royalty on its Cortez Summit Property in Nevada, it said Monday. Carlin Gold expects the royalty to be granted to a wholly owned subsidiary of the company. The company plans to complete the proposed spin-out in 2026, it said. "The company intends to distribute the shares of SpinCo ("SpinCo Shares") to the shareholders of Carlin Gold at such time, and on such basis, as management and the board of directors of the company may determine," added Carlin Gold. The company's shares were last seen up C$0.10, or 8.5%, to C$1.28 on the TSX Venture Exchange. Price: 1.28, Change: +0.10, Percent Change: +8.47

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