Generating strong free cash flow Already has dividend policy Nomad Royalty Company Ltd (TSE:NSR) (OTCQX:NSRXF) called itself a "new generation" royalty firm when its shares began trading on the Toronto Stock Exchange in May last year. The group purchases rights to a percentage of the gold or silver produced from a mine for its life. The Montreal-based firm began trading in Toronto after a reverse takeover, which saw it acquire the royalty portfolio of Yamana Gold and streaming assets from Orion Resource Partners, via two vend-in deals. Nomad acquired six stream and gold loan assets from the Orion Group for US$268 million and three royalties and a contingent payment on the start of commercial production of one project from the Yamana Group for US$65 million.