GOLD ROYALTY CORP. COMPLETES ACQUISITION OF NEAR-TERM AND LONG-LIFE ROYALTY ON IAMGOLD'S CANADIAN CÔTÉ GOLD PROJECT
Gold Royalty Corp. (NYSE: GROY) has finalized its acquisition of a 0.75% net smelter return royalty on a section of the Côté Gold Project in Ontario, Canada, owned by IAMGOLD Corporation and Sumitomo Metal Mining Co., Ltd. The transaction was valued at US$15.875 million, consisting of US$15 million in cash and the issuance of 207,449 common shares based on a price of US$4.218 per share. This acquisition aims to enhance Gold Royalty's portfolio and provide attractive returns for investors.
- Acquisition of a 0.75% net smelter return royalty on Côté Gold Project enhances Gold Royalty's asset portfolio.
- Transaction valued at US$15.875 million indicates strong investment in strategic assets.
- Increased potential for revenue generation from a well-established gold project.
- None.
VANCOUVER, BC, March 1, 2022 /PRNewswire/ - Gold Royalty Corp. ("Gold Royalty" or the "Company") (NYSE: GROY) is pleased to announce that, further to its news release dated February 22, 2022, it has completed the acquisition of an existing
Pursuant to the transaction, Gold Royalty paid total consideration of US
About Gold Royalty Corp.
Gold Royalty Corp. is a gold-focused royalty company offering creative financing solutions to the metals and mining industry. Its mission is to acquire royalties, streams and similar interests at varying stages of the mine life cycle to build a balanced portfolio offering near, medium and longer-term attractive returns for its investors. Gold Royalty's diversified portfolio currently consists of net smelter return royalties on gold properties located in the Americas.
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SOURCE Gold Royalty Corp.
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