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.
GoldMining Inc. has announced that its subsidiary, U.S. GoldMining Inc., has filed a registration statement for its initial public offering (IPO) of up to 2,000,000 units at $10.00 each. Each unit consists of one common share and one warrant to buy an additional share at $13.00 for three years. The IPO is underwritten by H.C. Wainwright & Co. and BMO Capital Markets. The registration statement has been submitted to the U.S. Securities and Exchange Commission and will only be valid once it becomes effective. GoldMining also holds over 21 million shares of Gold Royalty Corp. (GROY).
Gold Royalty Corp. (AMEX: GROY) will report its quarterly financial results for the period ending December 31, 2022, on March 27, 2023, after market close. The Company is also changing its fiscal year end to December 31, starting in 2023. An investor webcast is scheduled for March 28, 2023, at 11:00 am ET to discuss these results and recent developments. Gold Royalty focuses on investing in sustainable mining operations and currently holds a diversified portfolio of net smelter return royalties primarily in the Americas, aiming to deliver long-term value for shareholders.
Gold Royalty Corp. (AMEX:GROY) has announced a cash dividend of
Gold Royalty Corp. (AMEX: GROY) announced the expansion of its secured revolving credit facility from
GoldMining has reported an updated Mineral Resource Estimate (MRE) for its La Mina Project in Colombia, significantly enhancing its resource base. The new estimate includes approx. 1.0 million oz AuEq in the Inferred category and 0.2 million oz AuEq in the Indicated category. The total Indicated resources now stand at 1.15 million oz AuEq, while Inferred resources are at 1.45 million oz AuEq. The La Garrucha deposit alone contributed significantly to this increase. The drill program was conducted at a cost of under US$1.2 million, showcasing efficient resource acquisition. The company anticipates updating the Preliminary Economic Assessment for La Mina in mid-2023.
Gold Royalty Corp. (NYSE American: GROY) will participate in Renmark Financial Communications' live Virtual Non-Deal Roadshow Series on January 19 and 26, 2023. The events aim to engage stakeholders and investors, showcasing recent operating results and key developments in the company's portfolio. Presenters will include CEO David Garofalo and Manager Peter Behncke, followed by a live Q&A session. Interested parties can register for the events, with replays available on the company's website. This initiative underscores Gold Royalty's commitment to transparency and investor engagement.
GoldMining Inc. (GLDG) has entered into a Distribution Agreement for a new at-the-market equity program to raise up to US$50 million. This program replaces a previous one expiring January 1, 2023, and allows the company to sell common shares at market price. The proceeds will fund exploration, development, acquisitions, and working capital. The new program takes effect upon filing a prospectus supplement and will terminate upon reaching sales of US$50 million or on November 27, 2023, whichever comes first.
Gold Royalty Corp. (NYSE American: GROY) reported strong financial results for the fiscal year ending September 30, 2022, achieving total revenues of $5.7 million from its royalty generation program. This surpassed the initial guidance of $5.0 million. The company also recorded a significant increase in Gold Equivalent Ounces (GEOs), totaling 2,156 for the year. Additionally, it completed acquisitions and expanded its portfolio to 216 royalties. Gold Royalty plans to publish its inaugural Asset Handbook and ESG Report in 2023, optimizing its fiscal year ending to align with industry peers.
Gold Royalty Corp. (NYSE American: GROY) announced a deal with Val-d'Or Mining Corporation to sell and generate royalties on 12 properties in Québec and Ontario. The Company retains a 0.5% to 1.0% NSR royalty on these properties and a 1.5% NSR on certain joint venture properties. Additionally, a strategic alliance with International Prospect Ventures grants Gold Royalty a right of first refusal on royalties in Australia. Currently, Gold Royalty holds a 35% stake in Val-d'Or and 11% in International Prospect Ventures, aiming to enhance its portfolio and revenue streams.
Gold Royalty Corp. (NYSE American: GROY) announced its fourth quarterly cash dividend of US$0.01 per common share on November 22, 2022. This dividend will be paid on December 30, 2022 to shareholders of record as of December 15, 2022. The dividend is categorized as an "eligible" dividend under the Canadian Income Tax Act, subject to standard Canadian withholding tax for non-residents. The company will continue a quarterly dividend program based on financial condition and capital allocation plans.
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