STOCK TITAN
  1. Home
  2. News
  3. GROY

Gold Royalty Corp. - GROY STOCK NEWS

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.

News

GOLD ROYALTY ANNOUNCES $31 MILLION ROYALTY AND GOLD-LINKED LOAN INVESTMENT IN AURA';S BORBOREMA PROJECT, FINANCED BY $40 MILLION STRATEGIC CONVERTIBLE DEBENTURE FINANCING WITH QUEEN'S ROAD CAPITAL AND TAURUS FUNDS MANAGEMENT

Rhea-AI Summary
Gold Royalty Corp. (GROY) has entered into agreements with Borborema Inc. to provide $31 million in project financing to develop the Borborema gold project in Brazil. The company will acquire a 2% net smelter return royalty on Borborema and provide additional project financing to Aura Minerals Inc. The transaction highlights near-term cash flow, low-risk structure, optionality to exploration success, and strategic convertible debenture financing. The Borborema Investment is expected to close in December 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.66%
Tags
none
-
News

GOLDMINING TO ADVANCE THE REA URANIUM PROJECT, ONE OF THE LARGEST LAND PACKAGES IN WESTERN ATHABASCA BASIN, CANADA

Rhea-AI Summary
GoldMining Inc. (GOLD) announces plans for advancing the Rea uranium project in Western Athabasca Basin, Alberta, Canada. The Project is owned 75% by the Company and 25% by Orano Canada Inc. Uranium prices have risen to US$80.25 per pound, and the Athabasca Basin is home to the world's richest uranium mines. The Project surrounds Orano's Maybelle River project, and the Company is working to reactivate exploration efforts to target a major regional shear zone.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.53%
Tags
none
-
News

GOLDMINING INC. TARGETS EXPANSION AT THE SÃO JORGE GOLD PROJECT, BRAZIL

Rhea-AI Summary
GoldMining Inc. (TSX: GOLD) (NYSE American: GLDG) provides an update on its 100% owned São Jorge gold project in Brazil. The project is located in the Tapajos Gold District and has considerable mineral exploration potential, with a large geochemical footprint and multiple gold and copper anomalies. The company plans to prioritize exploration targets for potential drill testing in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.09%
Tags
none
News

Corporate Update

Rhea-AI Summary
GoldMining Inc. (GOLD: TSX, GLDG: NYSE American) announces a renewed at-the-market equity program (ATM Program) with the intention to distribute up to US$50 million of common shares to the public. The company is not obligated to make any sales of Offered Shares under the Distribution Agreement. The net proceeds of any sales under the ATM Program will be used to fund the exploration and development of its mineral properties, including to complete minimum work programs, property payments, and other expenditures to maintain the Company's property rights, to fund future acquisitions, and for working capital.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
News

GOLD ROYALTY REPORTS THIRD QUARTER 2023 FINANCIAL AND OPERATING RESULTS - CONTINUED GROWTH DRIVEN BY RECENT ACQUISITIONS

Rhea-AI Summary
Gold Royalty Corp. (GROY) Announces Strong Financial Results for Q3 2023, Acquisitions, and Positive Growth Prospects
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.47%
Tags
acquisition earnings
-
News

GoldMining Releases Inaugural Sustainability Report

Rhea-AI Summary
GoldMining Inc. has released its inaugural Sustainability Report, highlighting its strong track record in health and safety, focus on recycling water, commitment to local stakeholders, and diversity and inclusion initiatives. The report is aligned with the United Nations' Sustainable Development Goals and is available on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.27%
Tags
none
News

Gold Royalty Announces Acquisition of Québec Royalty Portfolio; Welcomes SOQUEM as Shareholder

Rhea-AI Summary
Gold Royalty Corp. is acquiring a portfolio of 22 royalties in Québec from SOQUEM for C$1 million in common shares. The portfolio covers over 65,000 hectares and is primarily focused on gold properties. The acquisition will increase Gold Royalty's royalty position in Québec to over 90 royalties. Several leading mining companies are advancing properties in the portfolio. The transaction is expected to close by the end of the current quarter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.79%
Tags
acquisition
-
News

GOLD ROYALTY TO RELEASE QUARTERLY OPERATING AND FINANCIAL RESULTS ON NOVEMBER 14, 2023

Rhea-AI Summary
Gold Royalty Corp. to release quarterly financial and operating results on November 14, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
earnings
-
News

GoldMining Announces Filing of PEA Technical Report For La Mina Project, Colombia

Rhea-AI Summary
GoldMining Inc. has announced the filing of an independent Technical Report and Preliminary Economic Assessment (PEA) for its La Mina Project in Colombia. The PEA highlights include a projected life of mine production of approximately 1.74 million gold equivalent ounces and an after-tax Net Present Value of approximately $279 million at base case commodity prices. The PEA results have been revised to address minor corrections and clarifications.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
News

Gold Royalty Completes Acquisition of Existing Royalty on Producing Copper-Silver Cozamin Mine

Rhea-AI Summary
Gold Royalty Corp. has completed the indirect acquisition of a 1.0% net smelter return (NSR) royalty on portions of the Cozamin Copper-Silver Mine in Mexico from Endeavour Silver Corp. The acquisition was made for US$7.5 million in cash consideration. The Royalty applies to two concessions and Gold Royalty has the option to acquire a 1% NSR royalty on five additional concessions in the future. The company has suspended dividends to focus on growing cash flow and net asset value per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.67%
Tags
acquisition

FAQ

What is the current stock price of Gold Royalty (GROY)?

The current stock price of Gold Royalty (GROY) is $1.31 as of September 19, 2024.

What is the market cap of Gold Royalty (GROY)?

The market cap of Gold Royalty (GROY) is approximately 224.9M.

What is Gold Royalty Corp's primary business?

Gold Royalty Corp. specializes in acquiring royalties, streams, and similar interests in the metals and mining industry, focusing primarily on gold properties.

Where are Gold Royalty Corp's properties located?

The company's diversified portfolio consists mainly of net smelter return royalties on gold properties located in the Americas.

What recent partnerships has Gold Royalty Corp. entered into?

Gold Royalty Corp. recently entered into a three-year mutual cooperation agreement with Taurus Mining Royalty Fund L.P. to co-invest in specific precious metals royalties and streams.

How did Gold Royalty Corp perform financially in the first quarter of 2024?

In the first quarter of 2024, the company generated positive operating cash flow for the first time, driven by recent acquisitions and its royalty generator model.

What are some key assets in Gold Royalty Corp's portfolio?

Key assets include the Odyssey Mine, Côté Gold Mine, and the newly acquired Vares Silver Project.

What is the significance of the Vares Silver Project acquisition?

The acquisition of the Vares Silver Project is expected to significantly enhance Gold Royalty Corp's total revenue and gold equivalent ounces (GEOs) in 2024.

Does Gold Royalty Corp focus only on gold?

While Gold Royalty Corp primarily focuses on gold, it also invests in other precious metals through its diversified royalty and streaming portfolio.

What is the company's approach to sustainability?

Gold Royalty Corp. is committed to investing in high-quality, sustainable, and responsible mining operations to generate long-term returns for shareholders.

What future projects is Gold Royalty Corp involved in?

Future projects include further development of the Odyssey Mine, ramp-up of production at the Côté Gold Mine, and continued exploration at various properties under lease agreements.

How does Gold Royalty Corp. mitigate investment risks?

The company mitigates risks through a diversified portfolio of royalty and streaming interests, strategic partnerships, and continuous monitoring of market conditions and project developments.

Stock GROY logo
Gold Royalty Corp.

NYSE:GROY

GROY Rankings

#3743 Ranked by Market Cap
N/A Ranked by Dividends

GROY Stock Data

224.86M
169.07M
26.05%
14.93%
1.47%
Gold
Basic Materials
Link
United States of America
Vancouver