Chancery Royalty has acquired a life of mine (LoM) royalty on the Laiva gold mine in Finland, marking an expansion of its portfolio.
The royalty, acquired through a third party, encompasses 2.5% of annual gold production, aligning with the mine’s anticipated operational restart in the second quarter of 2026 (Q2 2026).
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The Laiva gold mine, which began construction in 2010, was placed on care and maintenance in February 2022 due to falling gold prices and substantial debt.
Now debt-free, the mine is set to capitalise on current high gold prices.
Chancery has officially launched as a new entity in the precious metals royalty sector, with a near-term production outlook of approximately 4,000 gold-equivalent ounces in 2026.
The company is aiming for significant growth, targeting more than 28,000 gold-equivalent ounces within four years.
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By GlobalDataChancery CEO Jeremy Gray said: ”Laiva Gold boasts Europe’s largest gold mill and could operate for many years to come thanks to its large resource and the strong gold price. It fits well with our focus to acquire long life royalties on producing gold and silver mines.”
The acquisition coincides with an equity financing initiative of $10m at $2 per share to further expand Chancery’s royalty portfolio.
Gray added: ”What differentiates Chancery’s initial launch is our near-term royalty base combined with a high-growth pipeline. Our team has previously funded the development of K92 Mining’s Kainantu Gold Mine. We are applying that same fast-track approach to fund other world-class gold projects.”
Chancery’s initial portfolio includes a silver royalty at Gold Road in Arizona, US, where silver is extracted as a byproduct of gold production.
It also comprises two imminent gold royalties from Laiva Gold in Finland and Pilar Gold in Brazil, alongside a substantial royalty from a new Ethiopian gold mine expected to begin operations in Q1 2028.
These assets provide visibility for near-term revenue and support Chancery’s multi-year growth objectives.
