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) is a gold-focused royalty company that offers creative financing solutions to the metals and mining industry. The company's mission is to invest in high-quality, sustainable, and responsible mining operations to build a diversified portfolio of precious metals royalty and streaming interests that generate superior long-term returns for shareholders.
The company’s core business involves the acquisition of royalties, streams, and similar interests at various stages of the mine life cycle. Gold Royalty Corp’s portfolio primarily consists of net smelter return (NSR) royalties on gold properties located throughout the Americas. This diversified portfolio not only mitigates risk but also positions the company to benefit from various mining operations and projects.
In recent developments, Gold Royalty Corp announced a three-year mutual cooperation agreement with Taurus Mining Royalty Fund L.P. This partnership provides both parties the ability to co-invest in specific precious metals royalties and streams sourced by each other, enhancing their ability to pursue high-quality investments and gain access to new geographic regions.
Financially, the company has achieved significant milestones. In the first quarter of 2024, Gold Royalty Corp generated positive operating cash flow for the first time, driven by recent acquisitions and a peer-leading long-term growth outlook. Key contributors to this achievement include the Côté Gold Mine, the Odyssey Mine, and other flagship royalties.
Gold Royalty Corp. continues to strengthen its portfolio through strategic acquisitions. It recently secured a copper stream in respect of the Vares Silver Project, operated by a subsidiary of Adriatic Metals plc. This acquisition is expected to boost the company's total revenue and gold equivalent ounces (GEOs) in 2024 significantly.
Gold Royalty Corp. (GROY) and Ely Gold Royalties Inc. will host a joint Town Hall Meeting on June 25, 2021, at 11:00 AM EST. The meeting aims to update shareholders on their recent transaction announced on June 21, 2021, concerning the combination of both companies to form a leading precious metals royalty entity. Trey Wasser, President and CEO of Ely Gold, and David Garofalo, CEO of Gold Royalty, will lead the session, which includes a question-and-answer segment for attendees.
Gold Royalty Corp. (GROY) announced its inclusion in the VanEck Vectors Junior Gold Miners ETF (GDXJ) effective June 11, 2021. This milestone follows GROY's C$292 million proposed acquisition of Ely Gold Royalty, positioning the company for growth in the competitive gold royalty sector. CEO David Garofalo emphasized GROY's strong liquidity and capital market presence, enabling it to compete with larger intermediaries. The company currently holds net smelter return royalties on 18 gold properties across 12 projects in the Americas, aiming to offer attractive returns for investors.
Gold Royalty Corp. (GRC) and Ely Gold Royalties Inc. (Ely Gold) announced a definitive agreement on June 21, 2021, for GRC to acquire all Ely Shares via a statutory plan of arrangement. Shareholders can choose C$1.46 in cash or 0.2450 GRC shares per Ely Share. The deal, creating a larger Americas-focused royalty company, offers a 42% premium to Ely Gold shareholders based on recent trading prices. Shareholder meetings for approval are set for August 2021, with the transaction expected to close in Q3 2021. Both companies plan to leverage their strengths for future growth.
Gold Royalty Corp. (GROY) will present at the H.C. Wainwright Spring Mining Conference, scheduled for April 19-20, 2021. CEO David Garofalo will overview the company during the live presentation on April 20 at 12:00 PM ET, followed by one-on-one meetings with registered investors. GROY focuses on acquiring royalties and streams in the metals and mining sector, boasting a diversified portfolio that includes royalties ranging from 0.5% to 2.0% on 18 gold properties across 12 projects in the Americas.
Gold Royalty Corp. (NYSE American: GROY) announced that its agreement to acquire a 1.2% net smelter return royalty on the Séguéla Project has been terminated. The termination resulted from the project owner exercising a right of first refusal to acquire the royalty on matching terms. Despite this setback, the Company maintains a strong balance sheet, holding approximately US$90 million in cash and no debt as of March 30, 2021.
Gold Royalty Corp. (GRC) has announced its agreement to acquire a 1.2% net smelter royalty on the advanced-stage Séguéla Project in Côte d’Ivoire for approximately US$15.5 million. This acquisition will diversify GRC's royalty portfolio and strengthen its position in the gold sector, given the project's significant exploration potential and estimated resources of 1,044,000 ounces of gold. The transaction is expected to close around April 1, 2021, pending certain conditions.
Gold Royalty Corp. (NYSE American: GROY) and GoldMining Inc. (NYSE AMERICAN: GLDG) have completed GRC's initial public offering, issuing 18 million units at US$5.00 per unit, generating gross proceeds of US$90 million. The funds will support GRC's growth and acquisition strategy. GoldMining retains a 49% stake in GRC, holding 20 million shares. Additionally, the underwriters have a 30-day option to purchase over 2.7 million common shares and up to 1.35 million warrants. The shares started trading on NYSE American on March 9, 2021.
Gold Royalty Corp. (GRC) successfully closed its initial public offering, raising US$90.0 million by selling 18,000,000 units at US$5.00 each. The funds will be used to support GRC's growth strategy and general working capital. Trading of common shares began on the NYSE American under ticker GROY on March 9, 2021. Post-offering, GoldMining holds approximately 49.0% of GRC's shares. An additional option for underwriters allows for purchasing up to 2,700,000 common shares and 1,350,000 warrants within 30 days.
GoldMining Inc. and its subsidiary, Gold Royalty Corp. (GRC), announced the filing of a final prospectus for GRC's initial public offering of 18 million units at $5.00 each, expected to close on March 11, 2021. The offering will generate approximately $90 million in gross proceeds. Each unit includes one common share and a half warrant, with full warrants priced at $7.50 per common share for three years. Following the offering, GoldMining will hold about 49% of GRC. Trading is set to commence on the NYSE American on March 9, 2021.
GoldMining Inc. announced that its subsidiary, Gold Royalty Corp. (GRC), has filed a final prospectus for an IPO, offering 18 million units at US$5.00 each, aiming for gross proceeds of approximately US$90 million. Each unit comprises one common share and one-half warrant, with full warrants priced at US$7.50, valid for three years. Shares and warrants are set to begin trading on NYSE American under symbols 'GROY' and 'GROY WS' on March 9, 2021, with the offering expected to close on March 11, 2021. GoldMining will retain about 49% of GRC post-offering.
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