Operator
Welcome to the Gold Royalty conference call regarding the acquisition of the Pedra Branca Copper and Gold Royalty. [Operator Instructions] Please note, this event is being recorded. I would now like to turn the conference over to David Garofalo, Gold Royalty Chair and CEO. Please go ahead.
David Garofalo
CEO, President & Chairman
Thank you, operator. Welcome all, and thank you for joining us to discuss our Pedra Branca Royalty acquisition as announced on Monday, December 8. Please note that a presentation accompanying this conference call is available on the Presentations page of our website. Some of the commentary on today’s call will include forward-looking statements, and I would direct everyone to review Slide 2 of the presentation, which includes important cautionary notes.
We are very pleased with this acquisition of a cash flowing royalty, which will immediately add materially to our revenues. This is an existing royalty, which we acquired from BlackRock World Mining Trust plc for USD 70 million in cash. Some notable highlights of this acquisition and related equity financing are the royalty is a 25% gold NSR and 2% copper NSR on BHP’s long-life Pedra Branca mine in the Carajás region in Brazil’s Pará State, which has been in production since 2020. This complements our gold-focused portfolio, which already has meaningful copper exposure in the best low-risk jurisdictions in the world.
We estimate that this acquisition is approximately 10% accretive to net asset value per share to Gold Royalty, inclusive of the
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