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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.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Gold Royalty's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Gold Royalty's position in the market.

News
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GoldMining announced the voting results of its annual general meeting held on May 16, 2024. The meeting saw a quorum of 32.49% of outstanding shares represented. All nominees listed in the management's information circular dated March 25, 2024, were elected as directors. Significant votes were cast for Amir Adnani (92.02%), David Garofalo (92.07%), Garnet Dawson (94.45%), David Kong (94.26%), Gloria Ballesta (68.38%), Hon. Herb Dhaliwal (94.13%), Mario Bernardo Garnero (94.52%), and Anna Tudela (93.95%). Additionally, PricewaterhouseCoopers LLP was reappointed as the auditor for the ensuing year. Detailed voting results are available on SEDAR+.

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5.33%
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Gold Royalty Corp. (GROY) announced its Q1 2024 results, showcasing a record quarterly revenue of $2.9 million, driven by recent acquisitions and flagship royalties. Operating cash flow turned positive at $0.3 million. Cash operating expenses decreased by 10% YoY to $2.3 million. Despite positive revenue and cash flow, the company reported a net loss of $1.4 million, an improvement from a $3.1 million loss in Q1 2023. The company expects continued growth due to high gold prices and key projects like the Côté Gold Mine and the Odyssey Mine progressing well.

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GoldMining Inc. (TSX: GOLD) (NYSE American: GLDG) released its 2023 Sustainability Report, highlighting a focus on health and safety, community support, environmental initiatives, and diversity. The report showcases efforts to ensure responsible exploration and development practices while creating shared value for local communities. The Company's commitment to sustainability is evident in its approach and goals aligned with the United Nations' Sustainable Development Goals.

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GoldMining Inc. has reduced the existing third-party royalty on its Crucero gold project in Peru, significantly enhancing the potential value of the property. The company paid US$70,000 to Compañía de Minas Buenaventura S.A.A. to amend and reduce the royalty to a 3% net smelter return (NSR) and has the option to further reduce it to a 1% NSR by making an additional payment of US$200,000 over the next 10 years. The Crucero Project is located in Peru and boasts significant mineral resource estimates, indicating the company's commitment to unlocking value from its portfolio of resource-stage gold and gold-copper projects in the Americas.

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Gold Royalty Corp. (GROY) has formed a strategic alliance with Taurus Mining Royalty Fund L.P., enabling both parties to coinvest in precious metals royalties and streams. The agreement allows for investments in asset transactions valued at US$30 million or more, with rights of first offer for future dispositions. This partnership expands Gold Royalty's investment opportunities and geographic reach, enhancing their M&A capabilities.
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Gold Royalty Corp. announces record total revenue, land agreement proceeds, and interest in the first quarter of 2024, driven by cornerstone royalties and recent acquisitions. The company recorded $4.2 million in total revenue, with a 112% increase from the previous year, and is on track to meet its forecasted 2024 revenue of $10.0 to 11.2 million. The company's unique royalty generator model added $2.1 million in land agreement proceeds, and strong commodity prices are expected to drive growth throughout 2024.
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Gold Royalty Corp. announces Glenn Mullan stepping down as a director of the company. The news was released on April 20, 2024.
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The Mining Investment Event of the North welcomes Quebec Minister Maïté Blanchette Vézina as Keynote Speaker for 2024. The event features panels, keynotes, and networking sessions with industry leaders. Participating companies include various mining and exploration firms.
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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 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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Gold Royalty Corp.

NYSE:GROY

GROY Rankings

GROY Stock Data

280.14M
81.71M
29.38%
8.83%
1.38%
Gold Ore Mining
Mining, Quarrying, and Oil and Gas Extraction
Link
United States of America
Vancouver

About GROY

gold royalty corp. is a gold-focused royalty company offering creative financing solutions to the metals and mining industry. its 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 our shareholders. gold royalty's diversified portfolio currently consists primarily of net smelter return royalties on gold properties located in the americas. nyse: groy