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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 PROVIDES UPDATE ON THE CÔTÉ GOLD MINE ROYALTY; FIRST GOLD POUR SUPPORTS 100% REVENUE GROWTH IN 2024

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Gold Royalty Corp. announces IAMGOLD's successful first gold pour at the Côté Gold Mine in Ontario, Canada. Gold Royalty holds a 0.75% NSR royalty over the southern portion of the mine, expecting significant revenue growth in 2024. IAMGOLD targets commercial production in the third quarter with a production guidance of 220,000 to 290,000 ounces of gold.
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GOLD ROYALTY REPORTS 2023 FINANCIAL AND OPERATING RESULTS AND FORECASTS APPROXIMATE 100% GROWTH IN REVENUE IN 2024 DRIVEN BY CORNERSTONE ROYALTIES ENTERING PRODUCTION

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Gold Royalty Corp. reports significant growth in 2023 with a strong outlook for 2024. The company's revenue increased to $3.0 million, while net loss stood at $26.8 million. Operating cash flow is expected to be positive in 2024 with a forecasted 100% growth in gold equivalent ounces. Several acquisitions in 2023, including Borborema and Cozamin royalties, are set to boost revenue. Core assets like Côté and Odyssey are progressing well, contributing to industry-leading revenue growth. The company's recurring cash operating expenses are expected to remain stable in 2024.
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GoldMining Announces Filing of Financial Statements, MD&A, Annual Information Form and Annual Report on Form 40-F

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GoldMining Inc. announces the filing of its annual financial statements, management's discussion and analysis, and annual report for the year ended November 30, 2023. The filings provide insights into the company's financial position, operations, and projects.
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Gold Royalty to Release 2023 Full Year Results on March 28, 2024

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Gold Royalty Corp. to release financial results for 2023, investor webcast scheduled. Reminder issued for warrants expiration.
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GoldMining Subsidiary, U.S. GoldMining, Announces Confirmatory Results, Including Highest Drill Intercept to Date at the Whistler Gold-Copper Project, Alaska

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GoldMining Inc. reports positive assay results from its subsidiary, U.S. GoldMining, confirming continuity of high-grade core at the Whistler Gold-Copper Project in Alaska. The program resulted in 547 meters at 1.06 g/t Gold Equivalent, including 176 meters at 1.55 g/t Gold Equivalent. The company holds $129 million in cash and publicly traded equities, and the CEO is optimistic about future strategic initiatives.
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GoldMining Completes Sale of Nutmeg Mountain to NevGold and Receives $3 Million in NevGold Shares

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GoldMining Inc. has announced the completion of the sale of the Nutmeg Mountain Project to a subsidiary of NevGold Corp, receiving $3 million in payment through the issuance of 10,000,000 common shares. This transaction has crystallized immediate value for GoldMining, allowing the company to retain potential upside to the Project's future potential and remain focused on advancing and unlocking value from other assets in its portfolio. The company now has $132 million of aggregate equity holdings in NevGold, U.S. GoldMining Inc., and Gold Royalty Corp. The transaction realized an attractive rate of return for GoldMining, with total consideration received being $9.0 million for the Project, which was acquired in 2020 for consideration of $1.15 million. GoldMining is now the largest shareholder of NevGold, holding approximately 29.4% of the outstanding NevGold Shares, providing the company continued exposure to the potential upside of Nutmeg Mountain and other assets. NevGold is required to make additional contingent payments to GoldMining of up to $7.5 million. The transaction allowed GoldMining to crystallize value while remaining focused on unlocking value and advancing its other assets throughout North and South America.
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Gold Royalty Completes Acquisition of Québec Royalty Portfolio

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Gold Royalty Corp. (GROY) completes the acquisition of a portfolio of 21 royalties located in Québec from SOQUEM for C$1.0 million, satisfied through the issuance of 496,785 common shares. The royalty portfolio includes various commodities such as gold, silver, copper, zinc, and nickel.
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Gold Royalty Completes Investment in Aura';s Borborema Project and Strategic Convertible Debenture Financing

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Gold Royalty Corp. (GROY) completes investment in Borborema gold project, acquiring a 2% net smelter return royalty and a royalty-convertible gold-linked loan for a total of US$31.0 million. The company also closed a private placement of $40 million unsecured convertible debentures.
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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

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

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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.
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FAQ

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

The current stock price of Gold Royalty (GROY) is $1.41 as of February 21, 2025.

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

The market cap of Gold Royalty (GROY) is approximately 245.5M.

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.
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Gold Royalty Corp

NYSE:GROY

GROY Rankings

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

GROY Stock Data

245.51M
123.82M
25.76%
12.89%
3.69%
Gold
Basic Materials
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