Gold Royalty Completes Pedra Branca Royalty Acquisition

Gold Royalty (NYSE American: GROY) announced on December 12, 2025 that it has completed the acquisition of a royalty on the Pedra Branca copper and gold mine.

Rhea-AI Summary

Gold Royalty (NYSE American: GROY) announced on December 12, 2025 that it has completed the acquisition of a royalty on the Pedra Branca copper and gold mine.

The Royalty comprises a 25% NSR on gold and a 2% NSR on copper and other products, and covers the Pedra Branca West and Pedra Branca East areas; the former Antas North mine is reported as fully depleted. The mine is currently owned and operated by a subsidiary of BHP Group.

Positive

• 25% NSR on gold acquired
• 2% NSR on copper and other products acquired
• Royalty covers Pedra Branca West and East

Negative

• Antas North is fully depleted

Argus Dec 12 session

-0.24% close to close Open Argus

Details

News Market Reaction – GROY

In the Dec 12 session, GROY declined 0.24%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement confirms closing of the Pedra Branca royalty acquisition, securing a 25% NSR on go...

Analysis

This announcement confirms closing of the Pedra Branca royalty acquisition, securing a 25% NSR on gold and 2% NSR on copper from an operating mine. It follows December financings and prior disclosure of the deal terms. Historically, GROY’s Pedra Branca-related news has produced sharp moves, both positive and negative, so investors may focus on how this royalty contributes to cash flow versus the recent share issuance. Key metrics to watch include royalty revenues and any further balance sheet actions.

Key Figures

Gold royalty rate: 25% NSR Copper royalty rate: 2% NSR

Gold royalty rate

25% NSR

Royalty on gold production from Pedra Branca mine

Copper royalty rate

2% NSR

Royalty on copper and other products from Pedra Branca mine

Historical Context

5 past events · Latest: Dec 10

5 events

1. Dec 10

   Acquisition call

   24h Move

   -1.0%

   Conference call scheduled to discuss Pedra Branca royalty acquisition.

2. Dec 08

   Equity financing

   24h Move

   -9.2%

   Upsized bought deal equity financing to fund corporate purposes.

3. Dec 08

   Equity financing

   24h Move

   -9.2%

   US$70M bought deal share offering to fund Pedra Branca royalty.

4. Dec 08

   Royalty acquisition

   24h Move

   -9.2%

   Agreement to acquire producing Pedra Branca gold and copper royalty.

5. Nov 25

   Credit facility update

   24h Move

   +3.9%

   Upsized revolver and eliminated US$40M convertible debentures.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

nsr

1 terms

nsr financial

"The Royalty consists of a 25% NSR on gold and a 2% NSR on copper..."

NSR, or Net Service Revenue, is the total income a company earns from its core services after subtracting any discounts, refunds, or allowances. It reflects the actual money coming in from the main operations, similar to how a store’s sales revenue shows what it gains from selling products, minus returns or discounts. For investors, NSR provides a clearer picture of a company's true earning power from its primary business activities.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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VANCOUVER, BC, Dec. 12, 2025 /PRNewswire/ - Gold Royalty Corp. ("Gold Royalty" or the "Company") (NYSE American: GROY) is pleased to announce that, further to its news release dated December 8, 2025, it has completed its acquisition of a royalty (the "Royalty") on the Pedra Branca operating copper and gold mine ("Pedra Branca"), currently owned and operated by a subsidiary of BHP Group Limited (the "Transaction").

The Royalty consists of a 25% NSR on gold and a 2% NSR on copper and other products produced from the Pedra Branca mine, comprising the Pedra Branca West and Pedra Branca East areas, and the former Antas North mine which has been fully depleted.

About Gold Royalty Corp.

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.

View original content:https://www.prnewswire.com/news-releases/gold-royalty-completes-pedra-branca-royalty-acquisition-302640000.html

SOURCE Gold Royalty Corp.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When did Gold Royalty (GROY) complete the Pedra Branca royalty acquisition?

Gold Royalty completed the acquisition on December 12, 2025.

What royalty percentages did Gold Royalty (GROY) acquire on Pedra Branca gold and copper?

The Royalty is a 25% NSR on gold and a 2% NSR on copper and other products.

Who currently owns and operates the Pedra Branca mine referenced by Gold Royalty (GROY)?

The Pedra Branca mine is owned and operated by a subsidiary of BHP Group.

Which areas of the Pedra Branca mine are covered by Gold Royalty's acquisition?

The Royalty comprises the Pedra Branca West and Pedra Branca East areas and references the former Antas North mine.

Does the Pedra Branca royalty acquisition include Antas North production for Gold Royalty (GROY)?

The former Antas North mine is noted as fully depleted, so it is not an ongoing production source.

Did Gold Royalty (GROY) disclose purchase price or financial terms for the Pedra Branca royalty in the announcement?

No purchase price or other financial terms were disclosed in the completion announcement.