Welcome to our dedicated page for Gold Royalty news (Ticker: GROY), a resource for investors and traders seeking the latest updates and insights on Gold Royalty stock.
Gold Royalty Corp (NYSE American: GROY) provides innovative financing solutions through gold-focused royalty and streaming agreements in the Americas. This news hub offers investors and industry professionals centralized access to essential updates about the company's financial activities and strategic developments.
Find timely press releases covering quarterly earnings, new royalty acquisitions, and partnership announcements. Our curated collection includes analysis of operational milestones and corporate governance updates, providing comprehensive insights into GROY's market position.
Key content categories feature updates on portfolio expansion, royalty agreement terms, and environmental stewardship initiatives. Track the company's progress in securing sustainable mining partnerships and maintaining low-cost revenue streams through diversified gold assets.
Bookmark this page for streamlined access to GROY's latest developments. Check back regularly to stay informed about strategic moves in the precious metals royalty sector without needing to monitor multiple sources.
Gold Royalty Corp. (GROY) will hold its Annual General Meeting of Shareholders virtually on February 9, 2022, at 4:00 p.m. Pacific Time in Vancouver, BC. Shareholders recorded as of December 13, 2021, can vote via proxy until February 7 at 4:00 p.m. Pacific Time. The company is implementing additional safety measures in response to COVID-19. Shareholders can attend and vote through a web-based platform, with detailed instructions provided. The company aims to create a balanced portfolio of royalties and streams in the metals and mining industry.
Gold Royalty Corp. (NYSE American: GROY) announced plans to acquire Elemental Royalties Corp. (TSXV: ELE) at a ratio of 0.27 Gold Royalty shares for each Elemental share. This acquisition marks Gold Royalty's fourth corporate transaction in a year, enhancing its diverse portfolio of precious metal royalty assets. The company reported a strong cash position of approximately US$38 million and no debt as of January 21, 2022. Gold Royalty's strategic growth is expected to result in a compounded annual revenue growth rate exceeding 60% over the next three years, benefiting all shareholders through improved dividends and cash flows.
Gold Royalty Corp. (NYSE AMERICAN: GROY) has secured a US$10 million revolving credit facility from the Bank of Montreal, with an option for an additional US$15 million. This financing supports the company’s growth strategy following a successful IPO that raised over US$90 million and significant mergers totaling over US$500 million. Gold Royalty aims to expand its royalty portfolio and enhance shareholder returns through dividends. The facility, available for general corporate purposes, matures on March 31, 2023.
Gold Royalty Corp. (NYSE American: GROY) has announced the initiation of a quarterly dividend program, declaring a cash dividend of US$0.01 per common share. This inaugural dividend will be paid on March 31, 2022, to shareholders of record on March 15, 2022. The company's portfolio has expanded from 17 to over 190 royalties, enhancing its growth profile. The dividend represents a significant milestone, reflecting the company’s rapid growth since its IPO in March 2021.
Gold Royalty Corp. (NYSE American: GROY) has initiated a formal offer to acquire Elemental Royalties Corp. (TSX-V: ELE). The offer values Elemental at C$1.78 per share, presenting a 37% premium based on its share price prior to the announcement. The acquisition aims to create a portfolio of 200 strategic royalties, enhancing liquidity and growth potential for shareholders. Gold Royalty’s strong balance sheet, with US$37 million in cash and no debt, supports future growth. An investor call is scheduled for January 12, 2022, to discuss the offer.
Gold Royalty Corp. (NYSE American: GROY) announced its intention to acquire all outstanding common shares of Elemental Royalties Corp. (TSXV: ELE) at a value of C$1.78 per share, representing a 37% premium based on December 17, 2021 closing figures. The total equity value of Elemental is approximately C$130 million. This acquisition aims to create a diversified portfolio of 200 strategic royalties, enhancing trading liquidity and benefiting from Gold Royalty's strong balance sheet with US$30 million in cash. The transaction is expected to be completed in 105 days, subject to customary conditions.
Gold Royalty Corp. (NYSE American: GROY) provided a comprehensive update on its royalty portfolio, highlighting advancements in producing and development projects. Key updates include:
- Canadian Malartic's Odyssey Project is advancing with ramp and shaft construction ahead of schedule and under budget.
- Wallbridge Mining's Fenelon Gold Project reported a maiden resource estimate of 2.13 million ounces Indicated and 1.47 million ounces Inferred.
- Barrick's REN Project shows significant discovery potential, with drill results indicating upside for short-term production.
Gold Royalty Corp. (GROY) will host a Town Hall Meeting on November 15, 2021 at 12:00 pm EST. CEO David Garofalo and Chief Development Officer John Griffith will update stakeholders on the recent combination with Abitibi Royalties and Golden Valley Mines and Royalties. The meeting will include a Q&A session for shareholders to engage with management. Gold Royalty focuses on acquiring royalties and streams throughout the mining lifecycle, aiming for attractive returns with a diversified portfolio of net smelter return royalties on gold properties in the Americas.
Gold Royalty Corp. (NYSE American: GROY) has successfully completed business combinations with Abitibi Royalties and Golden Valley Mines and Royalties Ltd. This consolidation enhances Gold Royalty's portfolio, including a prominent royalty over the Canadian Malartic mine. As of November 4, 2021, Gold Royalty holds approximately US$45 million in cash and marketable securities. The transactions result in the acquisition of 61,104,200 Gold Royalty Shares and will lead to the delisting of Golden Valley and Abitibi shares from the TSX Venture Exchange as of November 5, 2021.
Gold Royalty Corp. (NYSE American: GROY) announced an update on its royalty interests, highlighting growth from cash-flowing and development-stage assets. The company will have six royalty interests from five producing mines, including Jerritt Canyon and Canadian Malartic. Jerritt Canyon shows significant exploration potential under First Majestic Silver's ownership. The Isabella Pearl Mine is among the lowest-cost producers globally, enhancing cash flow prospects. Additionally, several projects in the feasibility stage could introduce new cash flow within the medium to long term.
